# Refund Policy & Investor Protection

Sigma3 enforces a **100% refund-coverage model** - investor capital is never exposed before verified listing completion.

**Coverage**

All raised funds remain refundable until listing milestones are met.

**Refund Triggers**

* Missed listing deadlines
* Withdrawn or invalid agreements
* Tokenomics alterations
* Detected misrepresentation or fraud

**Execution**

Refunds execute automatically, on-chain, with public timestamps and proof hashes.

**Integrity & Transparency**

No partial refunds; every fundraising round is all-or-nothing.\
Refund reports are published on each project’s Sigma3 page.