Will the "right to Refund" come again? Orion Protocol raised $3.45 million through DYCO

BlockBeats, if IC0 and IE0 are not enough, now there is a new financing method called DYCO. Orion Protocol  NBSP; Protocol  NBSP; NBSP; NBSP; It has raised $3.45 million this way. This allows investors to apply for a refund if the project has not been completed or if they do not want to wait for milestones to be reached.

In the case of Orion Protocol, 80% of the money is guaranteed to go to investors holding ORN tokens. "The refund process runs from month 9 to month 16 and is returned in dollars throughout," said the project leader. So far, according to the team, it has been running with its own seed fund of about $300,000.

BlockBeats believes that DYCO's approach, which is designed to significantly reduce the risk of token sales without sacrificing results, requires the team to be fully committed to development, transparency and project performance. If the project milestone is not reached and participants are not satisfied with the project deliverables, investors can protect their rights and interests by means of refund.

This way, it seems, is very much like the popular right to withdraw money for a while before, whether sold in the middle or not, the subsequent right to exercise the right. But there are problems with this approach. If the token price does not perform as well as expected, investors are likely to ask the team to return the money "early".

Orion Protocol, or Orion Protocol in Chinese, is DeFi, a liquidity aggregation solution that aims to address the pain point in DeFi by aggregating the liquidity of the entire crypto market into a decentralized platform.

The original link: https://www.theblockcrypto.com/post/72386/defi-project-orion-protocol-raises-3-45-million-in-dynamic-coin-offering

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