What is soft cap and hard cap? I have seen it many times in the forum. What does it mean? Whats the different in simple words.
Many crypto projects raise the limit very high during the initial phases of its launch. These hard caps are difficult to reach. Nonetheless, it all depends on the popularity of the ICO. If it has been rightly promoted, it can reach the target easily. Hard cap refers to the maximum fund required to set up the business.