• Developer

    Estonian company ByCycle OÜ (registration nr 14936933), represented by Ragnar Sepp (personal code 38108240070).

  • ByCycle (bycycle.io)

    Work planning and team collaboration tool used as the basis project for the Token.

  • Token

    ByCycle Token issued upon Solana network.

  • ByCycle User

    A person registered with ByCycle and possessing Active Status in the ByCycle administration dashboard.

  • Active Status of ByCycle User

    This status is automatically assigned to a person which used ByCycle at least once for the last 7 days.

  • Eligible Investor

    An investor which is ByCycle User and which continuously holds Eligible Share for one full Investment Period.

  • Eligible Share

    The amount of Token equal or bigger to the value of 4’000 euro which an Eligible Investor continuously holds for one full Investment Period. This amount can be changed by the Developer during one calendar month after any Payout Date upon its sole discretion.

  • Investment Period

    A period of time between two closest Payout Date.

  • Payout Date

    The day of estival (summer) solstice, as well as the day of hibernal (winter) solstice.

  • Investment Income

    The amount of Token to be paid to an Eligible Investor according to its share in the Pool of Eligible Investors.

  • Pool of Eligible Investors

    The total amount of Eligible Share which is hold by Eligible Investors upon a given Payout Date.

  • Net Revenue

    Net profit of the Developer in the amount which exceeds 8’000 per month.

  • ByCycle Marketplace

    Online platform where ByCycle Users promote their services and products, close deals and collect payments.

  • ByCycle Entrepreneurship School

    Various programs initiated by Developer to improve organising, collaborating and entrepreneurial skills of ByCycle Users.