Generally, yes — this structure is problematic.

Price-contingent deposit terms distort incentives and can pressure teams into defending artificial thresholds with treasury capital. Token price is market-driven and influenced by liquidity, unlock dynamics, and broader macro conditions — most of which sit outside a team's direct control. Conditioning a refund on price maintenance introduces structural misalignment. It shifts market risk onto the issuer and can encourage short-term intervention over long-term integrity.

These clauses should be reviewed carefully before signing.