DYCO

A DYCO offers its participants the ability to refund any token, no matter if they held them or sold them at a profit.

100% of the circulating supply is backed by USDC for the first 16 months after the Token Generation Event. The token supply remains static during this time.

If the token value falls by more than 20% from the initial price, DYCO participants can generate risk free profits by buying tokens from the market and refunding them. Refunded tokens are automatically burned reducing the circulating supply by up to 100%.

DAO Maker is an Estonia-based company with licenses for fiat-processing and cryptocurrency custody. DYCOs are a funding format for projects either incubated or accelerated by DAO Maker. DAO Maker's existing products include Social Mining, a technology used by the industry's leading startups.

The team will use its experience with the best performing projects of 2019 to limit the DYCO to only projects that have low valuations, small portion of supply for the team, a token economy that pushes cashflow from the product to the secondary market, an organic supply reduction to the token sourced from product usage, and other factors designed to create successful tokens.

We have created DYCOs because there is growing interest in crowdfunding, but none of it is directed to token sales, and instead consumed by equity crowdsales. As per our research, equity crowdsales almost always have a zero return, and the return of the entire equity crowdsale market is below 0.1x.

Meanwhile, the overall return for token sales is approximately 2x. We aim to considerably improve the market by making the DYCO the only form of token sale, so that any team in the original landscape of this market, composed of a few true builders, is reinstated. The possibility of 100% of tokens being refunded deters the fake builders who are here for nothing beyond a salary cushion.