I am not joining any bounty yet. But before joining bounty i research few things about bounty project where i found about Soft cap and Hard cap.
In every ICO project we saw about Soft cap and Hard cap. Both of are a Fund raising goals of a ICO project. Here Soft cap is minimum limit of fund raised and Hard cap is Maximum limit of fund raised in ICO.
So, basically every project have their own soft and hard cap. If they can't reached the soft cap then the ICO will not run and which money are refund. On the other hand if they reached their hard cap then after reaching Hard cap who are invest in that ICO then also those people money are refund.
Hope my point is right about the Soft Cap and Hard Cap!!
Well, done my dear! your point is right. Soft cap is the minimum raising fund of ICO and Hard cap is the Maximum raising fund of ICO. Without reaching soft cap they can't run their project but without reaching hard cap they can run their project.
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