Topic: Hard cap (Read 134 times)
Can anyone tell me what is hard cap?
A hard cap is the maximum amount of money or bitcoins/ethereums an ICO will accept before the ICO is closed. The project is not allowed to collect funds over the hard cap amount. Be careful of projects that do not have a hard cap because they will be allowed to collect as much as they can before the deadline.
Is hard cap always required? If yes why is there should be a limit? Is it like making money in real life? There is a limit in making money in real life because the money will lose its value.
Hard cap is the maximum amount a crowd sale will receive or the maximum amount an ICO will be raising. If the ICO reached its hard cap, thy will cease to collect more funds. Soft cap on the other hand, is the minimum amount the ICO needs to raise, or minimal amount required for the ICO. If the ICO is not able to raise the said amount, the project may be cancelled and the funds are then returned to its investors.
Yes, you definition is right, but I have seen some flexible hard cap like the one Bancor team used to rake money from their investors, allowing the ICO to run for more hours even after the hard cap has been raised, just understand in full what the team is sayig and what their intention is truly is
Hard cap is the maximum amount a crowd sale will receive or the maximum amount an ICO will be raising. If the ICO reached its hard cap, thy will cease to collect more funds. Soft cap on the other hand, is the minimum amount the ICO needs to raise, or minimal amount required for the ICO. If the ICO is not able to raise the said amount, the project may be cancelled and the funds are then returned to its investors.
Can anyone tell me what is hard cap?
In most of the cases Hard Cap is hypothetical number showing greed of the company conducting ICO.
If companies are competent enough to conduct their operations with Soft Cap amount then why they set a very high target in the form of Hard Cap? Recently VLB Token was conducting ICO with 250K ETH as Hard Cap whereas 25K ETH as soft cap. If company think 25K ETH is enough to start the moto of project then what will it do with 900% more money??
Softcap is the minimun amount that an Initial Coin offering is looking to gather and hardcap is the maximum amount they are looking to accumulate. When investing in ICO's look for the ones will less hardcap, usually 30 Mil and less should be good.
Can anyone tell me what is hard cap?
A hard cap is the maximum amount of money or bitcoins/ethereums an ICO will accept before the ICO is closed. The project is not allowed to collect funds over the hard cap amount. Be careful of projects that do not have a hard cap because they will be allowed to collect as much as they can before the deadline.
Can anyone tell me what is hard cap?
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