What is the difference between hard cap and soft cap in the context of cryptocurrencies?

1 answers

• Dec 15, 2021 · 3 years ago
  Hard cap and soft cap are terms commonly used in the context of initial coin offerings (ICOs) and token sales. The hard cap refers to the maximum amount of funds a project aims to raise, while the soft cap represents the minimum amount needed for the project to proceed. The hard cap sets a limit on the fundraising goal, while the soft cap ensures that the project has enough resources to move forward. Both hard cap and soft cap play important roles in determining the success and viability of a cryptocurrency project. It's important for investors to consider these factors when evaluating investment opportunities in the cryptocurrency space.
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