Nick Chong · 10 hours ago · 2 min read
Read the latest › ETH 2.0
Read the latest › Regulation
Nick Chong · 1 day ago · 2 min read
Shaurya Malwa · 2 weeks ago · 2 min read
Orion will be the first token sale to implement a DYCO, a token sale framework in which utility tokens are USD-backed for up to 16 months after the Token Generation Event. The circulating supply cannot increase during this time.
A DYCO offers its participants the ability to refund any token if they aren’t satisfied with the project performance. In this new token sale model, the project team will be held accountable. If project milestones are not met, or if for whatever other reason token participants are not satisfied with project deliverables, they will be able to penalize the team by claiming a refund.