The hard cap is 100 000 ETH, the hidden cap will be an amount below the hard cap, when the hidden cap is reached, the ICO will stop prematurely, so nobody will be able to invest any more, this is done because NaPoleonX want to avoid investments made in the last moment, so nobody will know when the ICO is finished, and to keep the demand of the token high even after the ICO, I imagine that NapoleonX will give a couple of hours to wait for people to realize that the ICO has finished, so nobody is sending tokens anymore, and those who sent ETH in those hours without realizing the ICO finished will have their investment count, so no worries, though we may want to get a direct answer from dev.
Yes I understand this, but I wonder why there is not a real hard cap for example with a hidden cap which triggers a hidden timer, after which the sale ends. So the ICO would have an hard cap which could be achieved at all. For example let's say 70,000 ETH as hard cap, as they target 40,000. At for example 50,000 ETH the hidden cap would kick in and after 24h (which no one would know) the sale ends. But they would still have chances to raise some eth, even if one or two big investors would bring in some money they could reach the 70,000ETH. At this point also no one would know when the ICO is finished, beside the official announced end time and the hard cap eth. But why would someone not want to get last minute investments?
So this "hidden timer" is a real thing? For me it doesnt make any sense. If you have a hidden cap, why would you need a hidden timer?
For example if somebody reaches hidden cap (no one would know) and then hidden timer starts (no one would know) and ICO ends in lets say 24h - its a surprise for everyone.
If you just have hidden cap, ICO ends and its also a surprise for everyone. The only difference is they would raise more than hidden cap if they would use timer but if they want that they can just raise hidden cap itself.