Bitcoin Forum

Is it necessary for an ICO to have soft-cap or does it show a sign of weakness and missing confidence?

For completing first steps of development team need cash which mainly they get via public sale. If there is no other alternative like private funding then it is necessary to reach soft cap. Projects don't work with hope and they need serious amounts for competing with others but i have seen projects that didn't cancel the public sale after 3 unsuccessful attempt in public sale. They mainly extend, but extending time doesn't help in bear  market.

Many ICOs have unnecessarily too high soft-cap. And for what? They should be thankful for smaller caps and developing the product gradually.

I think that $1 million will be enough for any project for a great start and launch of the project. I am sincerely surprised at the amount of money that projects was collected on ICO in 2017.

I do not get how soft caps can be a sign of weakness or lack of confidence. If you are going to build something from the ground, you will at least need minimum funds to accomplish the basic things.

Thank you for the input, but I would like to find out how do you view projects which do not have a soft-cap at all.

Of course it's necessary for many projects, and it's not a sign of weakness, but sign that they are planning. If soft cap is not reached, legit ico give the money back.

In my opinion, projects which do not set their target soft cap have the chance of screwing people. Why did I say that? Because if they have no soft cap, they will just collect the money and they can't set the rule of returning the funds if soft cap is not reached. Because there's no soft cap in the first place. But okay, given a project is legit and no soft cap implemented. For me, it means their project is pushing thru no matter how much funds they have. But this is true for only few projects. The solid and authentic ones. And more than likely, they are using their own money to initialize the developments.

Yes soft caps are always important
It ensures that the project gets maximum minimum funds to finance the project

And it also ensures that bounty hunters get paid too
So softcap is very good

The question on soft cap is very non-standard, since it is a certain insurance for the project, the fact is that the project always calculates the minimum amount necessary for the initial development of the functional and this is a soft cap, of course, it is possible without it if the project does not set any goals but this is unlikely.

Though I don't like ICO, but i think the soft cap is necessary for further development. Lets say the dev of the projects come up with an idea and contribute funds for basic things like whitepaper, website development, they need the soft cap in order to continue development based on their roadmap before the main sales is done to raise the remaining funds for the entire projects.

The soft cap is the real goal of any ICO, it's the amount they need to launch their project, it's the money they really need. In any case, you could question the hard caps, especially those that are too high.

I don't think is a sign of weakness for ICO to have softcap,to me is more like setting a target in order to achieve a purpose,setting a softcap will also help the community to know waht they want to invest.

Yes, I think it is good for project to have soft cap to determine the minimum funding required to start the project. Not every project is able to hit the hard cap, so having a soft cap can help the project at least to start slowly.

You right. But for now i dont really trust softcap and hardcap. Even softcap and hardcap reached they still lie to us. In 2018 im find project with hardcap reached but at this case they still scam us and manipulation their ICO amount. Token swap and they disappear.

It's not necessary for an ico to have a softcap, there are some which not put any soft cap to their ico and they still can work properly used the minimum funds that raised from the crowdsale. The result will depend on the skill of the developer itself dude.

How in the world does having a soft-cap imply that the project is showing some sort of weakness? People who think this is true need to get their brains checked.

Any project(crypto or non crypto related) needs startup funds in order to move things along which is why a clear goal(soft-cap, hard-cap, whitepaper, roadmap etc) help in executing the process in an organized manner.

I've seen a few projects that didn't succeed during the ICO (which couldn't catch the softcap). They tried to continue the project. But not all of them are currently running.

Projects that cannot capture Softcap are not easy to continue.

what do you think? soft cap does not show the weakness of a project, and soft cap is the minimum fund to run the project if the targeted funds are not reached.

I think Soft-cap necessary for investors, they need it to determine whether a Project reach the minimum amount of fund raised during the project. Most of ICOs that have soft-cap, when they do not reach the soft-cap they will determine that the ICO is failed and will return all the raised fund back to the investors. And then they will make an announcement that the ICO is failed, and the project will not continue. So, to summarize I think investor will have more trust in ICO that has a soft-cap.

Soft cap is necessary and it's not necessary.
The topic is subjective.
Some investors prefer an ico project that has reached softcap at the time they want to invest....to these set of investors,a project reaching softcap is an indication that it would do well in the long run.

Softcap not necessary because some projects are doing fine even without softcap.

for some ico it is very important to achieve softcap because their project depends on investor funds. if they don't reach their target most likely their project won't work

A softcap is necessary in any case.
The team needs to know the minimum amount needed to complete the project.
Unfortunately, there are many projects that set the softcap unrealistically high.

It's a good question indeed, i never believed in thee Soft Cap & Hard Cap bullshit.
Why? simple because when i see the big difference between Soft Cap & Hard Cap i know that it's mostly total money Rip Off, sometimes you find a Soft Cap of $2M & the Hard Cap is $20M which is absurd, if $2M is enough why the hell making the Hard Cap 10x your Soft Cap !!!

Softcap is the minimum limit that must be achieved to build a successful ICO project.
if softcap is not achieved, funding for the project will be very difficult.

But i think definitely soft cap and hard cap is very important for every project. Although first of all project development is big deal than come to the next point soft cap i think. Without minimum funding how you can start project develop. Many skill and a lot of years experienced people cannot start for funding. In the rules of ico if soft cap is not reach we will consider this is fail project because minimum funding is not touch.                   

it is a normal situation for an ICO to have a soft cap because it is the basis that when an ICO softcap does not reach then the funds the has been raised will be returned to the investors, if the softcap reach that is the indication that the project will continue their roadmap.

To attract more investors, most ICOs these days, just prefer to first source out, by also going to investors, companies and some other persons offline to get them to invest in their projects, so that he project will not eventually fold up. In cases like these, the tokens are sold with huge bonus, but since they just have to meet up with their softcap and it is not really coming forth from the normal retail investors, they just have to get alternatives to remain relevant. So those that can't do it, might end up not being successful.

Softcap is the minimum amount of money a project can receive from investors, most of the project must set a soft cap because they need a minimum development funds to launch the project, that's not mean weakness or anything else.

softcap for ico was not really necessary if their product almost completed. because its basic to only invest on ICO that at least have MVP (Minimum Viable Product). project only need the required amount to list the token on market. as for paying their  member they  would gain income from people that use their platform.
in short high softcap only gobto the dev pocket so stay away from it.

There are a lot of things needs to be considered when a project is not able to reach soft cap and then the hard cap.
Because, there are a lot of reasons could be behind this scenario like devs might have set some unrealistic target for their ICO and the another reason might be obviously investors may not be interested nor not get convinced with that project to invest with them.

When devs are not realistic about their target cap setting then that also must be a weak point about them and their capability. They must be capable of foreseeing the future of their product and studying market for that only will help them to eliminate such mistakes.

Softcap wasn't really necessary in good old days because people raised alot of  money and ICOs were quite few.
Raising funds is becoming too difficult today, which is why the softcap has become necessary.

Without a soft cap, any project can take money from investors even if it is a potential project or a scam. That makes investors continue to be a prey for scam projects if everyone thinks like you are soft-cap, making it a less confident sign.

It's necessary so investors will know if the project will continue when they reach the minimum funding, it's a bonus if they reached the hard cap it guarantees that the project and roadmap will go on, and they have enough funds to do it.

it will determine whether ICC will be successful or not. usually if ico reaches the soft-stamp target in a short time, and then adds the hard-stamp target, and extends the duration of the bounty again, then ico can be a big success.

My general sentiment is that you have to select ICo with a small soft cap and small hard cap, because in this case there is much more chances to get X ROI . It is what each investor is seeking for!

Softcap is not a sign of weakness for a project, that is the minimum step needed for the project to keep on running even slowly.
So when the project reach more than the softcap or even reaching the hardcap, then the project would be able to be developed even faster.

I think it is necessary because it can give an idea about how the sales is going and if they can't reach even the market cap they will stop their projects that is why they are having it.

I can predict that we will see many projects with much lower softcaps in the future. Even such with softcaps under 1M USD.
The hype and bullish sentiment made possible these insane valuations and fundraise amounts. The next will be more realistic.

If there is no softcap, that means there is no target. Softcap usually comes from the target you made.
For examples if you targeting 5 months later your company will make some good products, how much funds will be required.

In my opinion, Soft Cap is very important for every ICO project. We can find out how far this project works for fundraising. Many projects failed because they did not reach the Soft Cap target. If the Soft Cap is achieved, of course, they will pursue the sale of tokens to a hard cap.

The difference is that the project will be able to develop at a faster pace because for the development as we all know we need money and a good team of developers, it is also important that the project has good marketing. The faster the project develops, the higher the price of tokens will be.

That's indeed but softcap has become another problem for some investors. Some ico may use it to create such an target but most of them are changing it after they have reached the softcap and that's it dude, the fact that softcap is a speculation about how much required to create or develop the product.

I think that ICO should definitely have softcap. And this is not a sign of weakness. On the contrary, it shows that the project has calculated the options, knows what it really needs and how to achieve it.

Softcap is a must for all ICO that depends entirely on funds and only few ICOs supports private funds and I will always support projects that have private funds just in case they never meet softcap

To me, it is needed because it creates a form of confidence and transparency in a project. A well-structured project should have the minimum amount of contribution needed for project startup. Softcap give an indication of what likely to expect from project by investors during the stage. It is not new that many investors already know that if a project do not make the softcap, it is likely for such a project to be discontinued and probably return back contributors money. many ico that do not have softcap are majorly already existing project that wants to introduce a product or services to already existing ones

Normally if a project have declared soft cap it is stipulated that the amount raised reaching tis state can support and continue with the development of the project. Hard cap is just a bonus for additional expenses from the development of the project. Soft cap is the indicator how much money at least they need to move on with it. Without reaching it, compromise stuff will rise from it.

Bitcoin didn't collect anything to start, it only need support from dedicated individuals who has the passion for the technology. Right now its more of money even when all the technology they need are at hand, the only that were create was a smart contract. But if they already have the beta version of their product, why do they need some funds or soft cap when they have started it already?

Soft cap - the lower limit of fundraising, if the ICO does not reach it, it is canceled. In other words, softcap implies maximum savings, but at the same time ensures the launch of the project. Suppose that a project wants to launch a blockchain platform, it needs elements, without which the platform can work, for example, writing code, developing design, and so on. For this you need soft cap.

Reaching their soft cup will ensured the flow of the project and the success rate of it will sky rocket, and reaching the hard cup will add the funds then fasten the work of the project. Because of the flowing funds

i think it is important for ico's to set their softcap because it shows the desired estimated minimum amount which would be needed to finance a particular project, if you don't have a softcap, you automatically have not state your goals and the minimum amount required to kickoff,

it's like owning a personal business and making a rough calculation of minimum amount you need to get you started.

It is very important to be able to find out whether it will continue whether it will fail because the softcap is not reached. but now ico alone is not transparent with their funding. so it makes a lot of investors or people talk about it

A situation in which doing the soft cap and hard cap I don't like because I don't see the point in raising funds any more than necessary. I think that when project reach the soft cap it will be able to develop productively.

today there are very few projectors that reach the soft cap and therefore do not have a good chance of development. Nevertheless, I think that if projects are really interesting, they should look for opportunities for their development. When they show real results, investors will pay attention to this.

I think It is a general knowledge for projects to reach softcap or hardcap to be called a success
 Because instinctively, when a project gets softcap there are funds to run the project

When it clocks hardcap, it means the project has more than enough support

I think softcap and hardcap is neccessary for all crypto projects. This is a range at which one will know that this project has sell and have been able to get certain amount of amount of fund from there investors. But it always saddened that most projects always project high amount of softcap. And also I think, most project that doesn't reach there softcap as stipulated should return investors money as the project capitalization isn't visible again, but the other way round is the always the case.

I think it was the standard in ICO's to have softcap and hardcap. If the softcap is reached means the project will have an initial funds to develop the project and also means investors are willing to invest. If the hardcap is reached means the developers will have the funds to deliver the roadmap of the project. Otherwise if the softcap is not reach then the project will not move forward and investors money will be refunded.

Every ICO set a limit for softcap for funding of the project, therefore, its a nice step to see the progress of the project.
If the project couldn't make a soft cap, the project should be close down.

The soft cup shows the minimum amount needed by the project in order to develop. Therefore, if the project has already assembled a soft cup, then this is one of the criteria of its success.

I think softcap is the second target of sales if hardcap is not achieved. If the target is only achieved, the softcap is certainly not a problem. at least they were successful with 1 level. If you see now of course a project is very difficult to achieve their respective targets. At least the softcap is achieved, the project can run even though the process is slower.

Personally, if I am looking for a project, of course, there are Soft Cap sellers. Each of their projects will be tested for initial fundraising. And if they are able to achieve Soft Cap sales, of course, they are indeed a good project. And after the Soft Cap is reached, they will raise more funds to reach Hard cap.

I think it is necessary to have a SOFT CAP especially in the past 12 months when the Bear market has been simply brutal to 99% of the ICO's that launched. Many that had planned projects through 2017 would have expected to hit far higher targets, so having an MVP equivalent for cash raise makes good business sense.

Softcap is very important for ICO. ICO developers need funds for the initial steps of project development. At least, they need funds for advisors, exchanger listings, and looking for partners in the future. In conclusion, softcap is the minimum target of each ICO for the course of the project.

Weakness and missing confidence? I think you missed that quite a bit. Companies are not made out of air and I doubt that high-sklilled people involved in this industry would work full-time for free. People would like to trade their purchased tokens on noble exchanges as well: can you imagine how much does it cost? They have to make some reserves as they will not be in a profit for a particular period of time (even months or years!), and therefore, they have to consider this factor. Emerging markets are risky. But those who are willing to take the risk and will be successful on the long term have a great shot of being one of the leaders in a new technological era :).

Yes, I think so! But they need 10-15 million USD to start their project but what happens after the sale? Most of the ICO project lists their token on some exchanges and they make an announcement every week with almost the same words or they go to some events and that's it. How many products you have seen after the sale? Very rare but still they need 10-15 million USD as a soft cap! I really don't like this.

Unfortunately, in some projects there are no people who could reasonably and rationally manage the expenditure of the collected funds. Over the past month I have read about several projects that have squandered all the money due to unqualified management.

Softcap is the most important thing for investors to reach it after investing it in different ico to make sure that the project have the minimum money to use for it.

In my opinion, Soft Cap is very important because it shows that this project is indeed real. Developers certainly try to raise funds and if they are able to achieve this, of course, this project can succeed. But you also have to check coin sales through wallet transactions.

I think the success of an ico project does lie on its soft cap. Target soft cap shows that the project has the good outcome to be succeasful. It is the factor that the target budget allocation are reached, so in that case if an ico doesn't reached its soft cap then surely unsuccessful project.

Is definitely a confidence thing since basically it determines whether the project goes on if they reach softcap or get cut down if they dont reach their target That means without that target within their range they wont continue the project and you get your money back Is a good way to show honesty, confidence and integrity

These soft caps are way too high. Most can be done for around half a million dollars. It is just greed that requires them to request millions in unnecessary funding most of which won't go anywhere near it

It is difficult to make a clear assessment as this is entirely dependent on the scope of the project and the market situation. For example, in today's conditions, many ICOs that make softcap would hardcap easily in a good season.

I think having a target soft cap is really much needed for an ICO to determined the future performance of the project which is their base line. Like if the soft cap will be easily be meet then probably their projects are feasible the masses in which it attract more people to invest then if the result is the opposite then probably they should stop and create a new plan for improvement.

Softcap is part of a marketing strategy to strengthen investor confidence in the project.
this is needed so that more investors are interested in investing. and ensure that the project runs well.

Softcap actually is really important for developer itself. Because they must already plan their project for worst condition. I mean with softcap, it must include money that they will use for anything that not expected before. So they not face any serious problem when develop their project.

Today many bounty hunters are looking for projects whose sales have reached Soft Cap. Developers must work hard to be able to do fundraising. And to attract investors, this is certainly not easy. And if you can get a project where sales have reached Soft Cap, it is certainly very feasible to follow.

When the project has large discrepancies in the amounts between Soft and Hard, this makes me very suspicious.  Recently saw the project Soft 1m $, Hard 45m.

Yes, I agree that there should not be much difference between Soft and Hard. I believe that the existence of Soft is possible, but this is a kind of reinsurance of the creators of the project.

To achieve some of the objectives of the project need a minimum amount of money that set the developers. This amount is called soft cap. If this amount is not reached, the project can be considered as failed and unsuccessful.

Achievement of soft cap guarantees further development of the project. As you know, many projects have only an idea and for its implementation they need funds and the future will depend on the achievement of softcap or hardcap. Nevertheless, it is not a guarantee that the project will be able to implement its plans.

I think softcap is needed to increase investor confidence in the ICO project. Because investors will be very interested and start investing when an ICO project has reached the softcap.

According to the current state of Affairs in the market, if the project has collected software cap, it can be considered successful. Now about 90% of the projects are fraud and soft cap is a sign of confidence in the project from investors. Therefore, I advise you to look at such ICO.

I believe that every ICO project will only show its good side in front of investors, which will benefit the success of the ICO project.

Definitely the soft cap is the trust and hope of a ICO project as most of the investors satisfy only if it reaches the soft cap. We can see lot of ICO scam projects where it will not even reach the soft cap and fail. And yes funding plays a vital role if it is a public sale.

of course every project must have a soft target,
because they need money to rent a place and also may pay a lot of necessities. because of that they held a crowdfunding.

As a rule, many projects install soft cap for their ICO campaigns. However, I think this is an indicator of the uncertainty of the development team in their idea.
Those developers who are confident in their project will develop it with any amount of investment.

Yes I think its a must for ICO projects to reach softcap at least for any further development to take place but lately due to scam projects plaguing the ICO space I prefer to follow and invest in projects with private funds they seem more serious and willing to make there projects launched even if it ever face bad market fund from public investors

For me, this is not a sign of weakness or missing confidence. I think it's more normal to have a soft and hard cap. What i do not like, however, is when the softcap is reached and the project is canceled anyway. Then i really wonder why they have a soft cap if it is set too low.

Yes, soft cap is necessary also i think. Because without soft cap or hard cap we don't about fundings but you believe that majority of the projects showing fake raise amount in the project website. It’s very horrible business strategy i think. A lot of people very concern with soft cap when it's big amount when they excited to invest which is absolutely wrong parchaption.                       

If the project is legal and can provide the investor with a real product, then, most likely, it is good and promising and follows the planned algorithm for confident development of the project, where the soft cap is not the goal, but the result and incentive to continue

I have come across some projects with no soft cap, yet they would have a target, because the product needs to be developed by raising fund and that will surely give value to the coin.

My general sentiment is that ICOs raise too much money.
In reality they don't need a lot of money, they are trying to raise more in order to buy luxury staff for owners.

actually not really needed but because softcaps are the minimum target, the project must achieve that and investors must also know that if they like the project they will help the project to reach the softcap so that the project can run unhindered due to lack of funds

Soft caps signify how successful the ICO went. Companies in general uses ICO for gathering investors funds as a method of reaching their goals, launching their product, or starting their own digital currency for it to be live on the market. Being unable to get the softcap, the company could not follow it's roadmap because the funds is insufficient.

very necessary because everyone must have a target so that they are encouraged to do their best, especially because the goal of ICO is to make money for project sustainability so they must be able to achieve softcap because if not then it means that they will not develop because there is no money enough to develop it

Soft cap is essential for the project development. Without funds the development won`t be smooth.
I could see several airdrop  projects struggling without funds and asking the community for donations.
It is another question how realistic the soft cap targets are. They are often over sized from what
would be necessary.

Softcap is the minimum funding goal that needs to achieve in able for a new project to build their platform and sustain the financial needs to run it. you can't run a project without valuation on how much money is needed for it to be live that is why softcap is created and its the main target for an ICO projects.

Depends on the project, Softcap makes sense when the MVP requires a sizable initial capital investment...

For others when a business can become profitable even without any upfront costs, soft cap would hold psychological significance...

I often tell people that I really don’t usually believe in a project that stops at softcap without the hardcap. I seldom believe in these projects, because softcap is just like you saying you will manage the amount generated for a project, and the developer knows that it really requires hardcap for it to become a success.

I don’t expect to see any project that stopped on softcap to be on any good and reliable exchange because, most times, they will like to manage the resources required for the project completion by going for cheaper means which sometime might lead to making use of unreliable resources and at the end we end up seeing a failed project. If a project really requires hardcap to be successful, they should really push hard to hardcap.

The current belief of people about softcaps has almost decreased due to the lack of transparency regarding funds and in the end also got the suspicion that many projects were manipulating their funds

If that is the case, then why create hardcap, does that mean that hardcap is a scam, because virtually every ICO I have seen out there does not only make request for softcap alone but hardcap too, either the ones that requires sizeable initial capital investment or not because I don’t see why a project should quote less than what is required, if you look at the difference between the softcap and hardcap, you will realize that it is quite high gap.

After all, there is no policy in the market that says the two as to come hand in hand, so if a project needs to have only softcap, let them state on softcap, and the one that need hardcap, let them state it and also state reasons for this.

I think softcap plays a vital role that will determine the success of the ICO. I know that some ICO scam also reach softcap but hear me out. If an ICO reach their softcap, it just shows how many people are interested in the project and the higher the amount of softcap that is reach, the better.

I generally don't have a good feeling when it comes to project softcaps. I don't see any need for it. Any amount of money raised during ICO should be used in executing the project.

I think the soft cap is very necessary for an ICO project because the soft cap is a sign of their minimum fund to run the project. thus can be more convincing to investors in supporting the project.

indeed with softcap, at least it can make some ico able to continue the project they want to develop, but there are some ICOs who cheat and do not keep their plans so that they run away from investors' funds. Currently there are many like that.

Most softcap is the inflated or fake investment added by the scammy ICO's projects to create an illusion that their project is worth investing, Ive seen projects showing they already reach their softcap but in reality they haven't get a single satoshis from anyone. :D

It is necessary to have one. This is a statement of the minimum funding required for the project to be viable. The question marks around caps really are their levels. If a softcap or hardcap looks unreasonably high, I take it as a bit of a warning sign against the project.

Like many people, I simply cannot understand why we need to make all of our investments with you in order to achieve softcap, because I think that all this definitely does not have a serious relationship to the project.

I have already met enough projects that have hold their token sales without even having a soft cap and these were the most successful projects, because already before the sales begin they have provided a working product.

Most soft caps are realistic though there are ones that are very ridiculous. There are some that are way way out of target. Investors of late are scared to invest due to so many scam projects

Soft cap is important for the initial development of the project. Let's assume they have already done all things needed to show the project to the world, they need the softcap to woeh on the basic goal of the project which can be seen by the supporters of the project.

Sad but true, this issue regarding to collected funds is one of the reasons why investors are no longer interested with projects that was been introduced, knowing that there's no transparency and most of the fake projects can easily manipulated the amount, it's really needed to be more extra careful believing as soft cap can be a good indications while in the other hand it's also ways to trick target investors.

Development needs funds  so ICO is a good fund raising method. It is different question how realistic
are the soft cap / hard cap targets. Very often, they are oversized without any reason.

Soft-cap is necessary for increasing the investor confidence and attracting more potential customers to the project. Teams can sell their project to other investor if their idea is worth more than pre-determined soft cap.

It's a sign of high confidence, as a matter of fact. If teams didn't believe they'd reach it, they wouldn't even bother with the ICO. I personally see nothing wrong with it...

That is why they launch ICO, to raise more money for the development of their project. We've seen some projects that have already a ready product thus they still choose to have an ICO. I still don't see ICO that don't have soft cap otherwise they don't do ICO.

Some new projects require fundraising and this Soft Cap is at least a predetermined sales target. If the fund collection does not reach the minimum sales target, I think the project will fail and maybe the investor's money will be returned.

If I see the project did not reach soft cap, it doesn't mean that this project is bad. I know many examples when the projects have had a good grow on the exchange after bad ico.

but actually the guarantee regarding softcap will make it a road or not it is not determined by it because it is funding to run while whether it is successful or not is not a determination

it is their procedure that the softcup stage in my opinion is important because it shows that the project can develop after that there are still other stages. at least if the project can reach the softcup stage it's not too bad. especially considering that the market is not in good condition, some of them do not reach the softcup stage either ...

I think it's necessary, just not in large numbers, many projects that look greedy and even softcap up to more than $ 4 million, but as a result, investors have been disappointed with it all, because rarely of those who get a return, I think this need to be repaired, like there are limits to softcaps.

It is true that softcaps are really needed here so that later if there are more funds obtained by a project that are not misused by irresponsible people, it will also help investors to be confident with the ICO project if there are targeted results.

If they don't put a soft cap and can't raise any good amount of Money, they probably end up having worthless tokens. It mostly happened like that but there is very little amount Project which actually created some value.

Soft cap denotes that how much fund needed to develop their project in future so there is a good thing to have a soft cap on ICOs since it can be a good sign to identify by ourselves that these teams got enough fund for their future purpose.

But stopping at softcap may delay the execution of the project because they have to start cutting down on all their budget using hardcap and removing most part that they initially thought was necessary for the project or the ones that will facilitate the project but I know that a very serious minded developer with a sound project will be able to work with softcap and push the project hard till it see the light of the day.

I also suspect that most developers that have stopped at softcap end up still investing the fund in some projects they believe to help them double it to the original price quoted for hardcap, probably reasons why we see lots of delayed projects.

I think it's necessary, because it's the initial target for development. But it would be wrong if the softcap is too high to achieve, maybe the softcap must be adjusted to market conditions.

Now there are a lot of projects that cannot rise the Softcap, and this is due to the fact that the cryptocurrency market is now in serious condition