Although this platform is built as a decentralized autonomous organization and its participants can decide a project state by themselves, to help them reach a consensus when voting we provide a list of unified recommendations for the conditions under which a project can be safely considered as unsuccessful and eligible for a refund state.
What is a ‘failed project’?¶
A project is safe to be considered as unsuccessful and voted for a refund if it meets one or more of the following requirements:
- A prolonged, drastic fall of the token’s value - if the token drops to 25% or less from its price on the closing day of its token sale for at least 60 consecutive days;
- Terminated projects: The organization that conducted the token sale ceases operations within a 2-year timeframe from the end date of its token sale;
- Abandoned projects: There is no visible activity/progress and news for at least six consecutive months in the 2-year period from the end date of its token sale;