The correct option is C A transitory in the life history of Sycon
The 'Olynthus' is the simplest known type of sponge as it has the simplest type of canal system (ascon). It occurs as a transitory stage in the life-history of all calcareous syconoid sponges. In syconoid sponges, gastrula swims about and settles on a rock with blastopore against the rock and grows to form 'Olynthus' stage and looks like a little sponge. Thus, the correct answer is option C.