There is no hard cap. Soft cap is $ 1mln.
Axechanges already confirmed to list REST.
Don't you think it's dangerous not to have a hard cap in place?
What you mean "no hard cap"? How much tokens in total and what price for token?
No hard cap means they keep selling REST at a rate of 1 REST = 0,001 ETH and when the ico ends, they count all the incoming ETH, multiply it by 1000 and that amount will be 70% of the total REST supply.
with no hard cap it seems that the more successful the project is, the less the tokens will be worth.
What he probably means is that the more successful the ICO is, the more tokens are there in circulation. And if the supply is huge, the price per token won't rise that fast.