But we're basing it right now on the price of OMG multiplied to the quotient of the projected marketcap to the market cap today.
Definition of refinement. 1  1 : the action or process of refining. 2  2 : the quality or state of being refined : cultivation. 3  3a : a refined feature or methodb : a highly refined distinction : subtletyc : a contrivance or device intended to improve or perfect.
Backlog refinement and estimation is a request from the product owner to the team. A good product owner will structure the lower priority stories on the backlog in a way that allows for both flexibility and for the team to make the estimates that the product owner needs for his/her release planning without making that estimation process too lengthy or arduous.