Soft Cap

Soft Cap and Hard Cap refer to two important concepts related to fundraising through Initial Coin Offerings (ICOs) or Token Sales. These two terms describe the minimum and maximum amount of funds a project aims to raise during its crowdfunding campaign. How Do They Work? A Soft Cap is the minimum amount of funds a project needs to raise to consider its fundraising campaign successful. It is a target set by the project team to ensure that they have enough…