Protocol documentation

60MIN: the survival market

Every token gets sixty minutes to reach a $30,000 market cap. Reach it and the token graduates into a permanent pool. Miss it and every holder redeems from the collateral at one fixed rate. Survive, or get cooked.

60MIN is a launch and trading protocol built on Stable, where the native gas coin is USDT0 — a dollar. Unlike a conventional launchpad, where a token can drift on a bonding curve indefinitely, every 60MIN token is placed under an unstoppable, on-chain sixty-minute clock the instant trading opens. It has one objective, and one deadline.

The mechanics below are enforced entirely by smart contracts. There are no admin keys, no pause button, and no privileged party that can change a token's outcome, redirect its collateral, or extend its clock. Every rule is contract state, visible before anyone buys.

How it works

A creator deploys a token. Trading opens immediately at a market cap of roughly $3,500, and a sixty-minute countdown begins on-chain. From that moment the token trades on a bonding curve where anyone can buy or sell freely.

• If the market cap touches $30,000 at any point before the timer expires, the token Survived — it graduates instantly into a permanent liquidity pool with burned LP.
• If the timer reaches 00:00 without ever touching $30,000, the token is Cooked — the curve freezes and every holder can redeem their share of the collateral at one fixed rate, forever.

Touching the target once is enough. The token does not need to stay above $30,000; a single legitimate touch latches survival permanently, and graduation executes in the same transaction that crossed the line.

Token lifecycle

Every token moves through a single, deterministic state machine. There are exactly three terminal-facing states — Live, Survived, and Cooked — and the transitions between them are irreversible.

flowchart TD
    A([Create token]) --> B[Deploy: 1B supply
pair built at launch]
    B --> C{{"LIVE
60:00 countdown"}}
    C -->|MC touches $30,000
before 00:00| D["SURVIVED (latched)"]
    C -->|00:00 with no touch| E["COOKED"]
    D --> F[[Finalize: seed pool,
burn LP, curve closes]]
    E --> G[[settle: freeze rate,
burn unsold inventory]]
    F --> H([Permanent market])
    G --> I([Redemption open forever])
        

The survival curve

Trading during the sixty-minute window happens on a constant-product automated market maker with virtual reserves — the same family used by established launch curves, chosen here for a specific property: the graduation pool seeds with zero price discontinuity.

Derivation

Nothing is hand-tuned. The entire curve is derived from two product decisions — the start market cap MC₀ = $3,500 and the graduation market cap MC_g = $30,000 — with the full 1B supply held as curve inventory:

# S = total supply (1,000,000,000), r = MC_g / MC₀ = 60/7 ≈ 8.571
T₀ = S · r / (r − 1)        = 1,132,075,472 tokens  (virtual token reserve)
VQ = MC₀ · T₀ / S           = $3,962.26            (virtual quote reserve)
QG = √( VQ · T₀ / S · MC_g )= $11,600              (quote reserve at graduation)

# invariant  Q · T = k
# spot price p = Q / T
# market cap MC = p · S        # TOTAL supply, everywhere

The elegant consequence: at the exact moment spot market cap touches $30,000, the leftover curve inventory is worth precisely the collateral accumulated. The graduation pool therefore seeds perfectly balanced at the graduation price — a price jump of 0.00%.

What $30,000 market cap really costs

A $30,000 market cap does not mean $30,000 entered the contract. The real, net capital required to move the curve from launch to the survival target is:

Sells always work

The curve is a two-sided market maker. A fresh wallet can buy, approve, and sell 100% at any moment during the hour. A round trip of $1,000 costs exactly 2% — twice the 1% fee — and nothing more; the curve itself is lossless. If every holder sold back, collateral would return to exactly zero and price to the launch price. Solvency is structural: the curve can never owe more than it holds.

Market cap & pricing

Market cap has exactly one definition across the entire protocol:

marketCap = spotPrice × TOTAL supply

Total supply, not circulating — the full 1B exists from block one, and the portion not yet sold is curve-owned inventory. This single figure is exposed by one on-chain view, marketCap(). The frontend, any indexer, and any trading bot all read the same function; market cap is never recomputed independently anywhere. That is what makes the $30,000 survival condition unambiguous and impossible to disagree about.

Because the quote asset on Stable is USDT0 — a dollar — the $3,500 and $30,000 thresholds are exact on-chain constants with no oracle dependency whatsoever.

Graduation

When the market cap touches $30,000, the token survives. Graduation moves all accumulated collateral and the remaining inventory into a permanent Uniswap-V2-style pool and burns the LP tokens, so the liquidity can never be removed.

flowchart LR
    A[Buy crosses $30k] --> B["Latch: survived = true
(one permanent flag)"]
    B --> C{Finalize inline?}
    C -->|yes, common path| D[Seed pool + burn LP]
    C -->|deferred, rare| E["finalizeGraduation()
permissionless, price-independent"]
    E --> D
    D --> F([Permanent market, LP at 0x…dead])
        

Built to never get stuck

Graduation is engineered against a well-known failure mode where a token reaches its target but never migrates because an expensive pair deployment inside the crossing transaction exhausts the gas the wallet estimated. 60MIN eliminates this by design:

• The pool pair is created at launch, not inside a trade. The creator pays that one-time cost up front, so no trader transaction ever performs a surprise contract deployment.
• The target touch latches survival permanently. Finalization checks that latch, never the live price — a dip after the target was touched cannot close the window.
• Finalization is external and permissionless. Anyone can complete a deferred graduation by calling finalizeGraduation(); there is no owner gate and no dependency on the original buyer.

The crossing buy is partially filled so the curve lands exactly on the threshold, and the excess quote is refunded in the same transaction. The pool is seeded with the leftover 25.5% of supply plus the full collateral, priced at the graduation price, and the LP is sent to the dead address.

Cooked & settlement

If the clock reaches 00:00 without a touch, the token is cooked. This is not a confiscation. Cooked is a protocol status with deterministic, pre-disclosed settlement.

flowchart TD
    A["00:00, no touch"] --> B["settle() — anyone may call"]
    B --> C["Freeze rate = collateral ÷ circulating
burn unsold inventory"]
    C --> D["redeem(x): burn x tokens,
receive x × frozen rate"]
    D --> E([Same rate for every holder, any order, forever])
        

After expiry, a permissionless settle() freezes the redemption rate at collateral ÷ circulating supply and burns the unsold inventory. Holders then call redeem(x), which burns their tokens and pays x × rate. The rate is order-invariant: because each redemption reduces numerator and denominator proportionally, the holder who redeems first and the holder who redeems a year later receive the identical price per token.

A cooked token's ERC-20 continues to exist on-chain forever. "Cooked" refers to protocol status, not to erasing a token.

Fees

Platform revenue comes from the 1% curve trading fee, never from skimming the graduation pool — a skim would reintroduce the very price gap the curve is designed to avoid.

Creating a token

A launch is a single transaction. The creator provides a name, a ticker, and optionally an image, a description, and social links. The factory deploys the token, builds the graduation pair, starts the clock, and lists the token — all at once.

• Fixed supply of 1,000,000,000 tokens, minted once.
• Trading opens at the ~$3,500 start market cap.
• An optional creator buy in the launch transaction, hard-capped on-chain at 5% of supply.

Premium launches

A premium launch earns amplified exposure — a featured slot on the board and priority placement in every discovery view. Premium is bought not with a fee but with a burn.

Boosting a launch burns whatever amount of the platform token, $60MIN, is currently worth $5, priced live from the on-chain $60MIN/USDT0 pool at the moment of boosting. The dollar target is fixed; the token amount floats with the market, so the exact quantity is detected in real time and burned, permanently reducing the total supply. Every boost is verifiable on-chain.

The token contract

Each 60MIN token is a deliberately minimal, standard ERC-20:

During the live sixty-minute window the token's only market is the curve contract rather than a standard AMM pair, so pool-simulation tools may report "no standard pool yet" — a not-yet-listed state, not a malicious one, and the same behavior every bonding-curve launch exhibits before graduation.

Anti-manipulation

Survival is a single, objective condition: a legitimate touch of $30,000 market cap. The protocol does not gate graduation on holder counts or other identity-shaped metrics, because those are Sybil-priced at the cost of gas and add failure surface without adding security. Instead, manipulation is made expensive and visible:

• Capital at risk is the real cost. Forcing a survival requires putting genuine collateral into the curve; that is the one quantity a manipulator cannot fake, and the curve meters it exactly.
• Creator dev-buy cap of 5% of supply in the launch transaction blocks the lazy self-graduation path.
• Burned graduation LP means even a self-graduated token leaves permanent, unpullable liquidity behind.
• Transparency by default — holder distribution, net buyers, and trade history are visible on every token page, so the market can read the wallet chart and price a token accordingly.

Network

Because gas and trading use the same USDT0, a trader needs only USDT0 on Stable to participate. The $3,500 and $30,000 figures are literal dollar amounts enforced in the contract.

Glossary

FAQ

Does a token need to stay above $30,000?

No. A single touch latches survival permanently and graduates in the same transaction. The remaining time on the clock simply disappears.

What happens to my tokens if a launch cooks?

You redeem them for a share of the collateral at a fixed rate, at any time, forever. There is no deadline and no fee on redemption.

Is $30,000 market cap the same as $30,000 raised?

No. Reaching a $30,000 market cap requires about $7,638 of net capital entering the curve. Market cap is spot price times total supply, not the amount deposited.

Can the team change a token's outcome or take its collateral?

No. There are no admin keys, no pause, and no privileged path to a token's funds. Survival, cooking, graduation, and redemption are all determined by contract state.

Will trackers flag my token as a honeypot?

The token is a clean, standard, verified ERC-20 with working sells and no restrictions, so there is nothing for a scanner to flag. Before graduation there is no standard pool for a chart to read — a not-yet-listed state — and after graduation the pool is indexed normally.