TopazRider
Sun Sep 08 2024
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6 answers
1224
What happens if a cryptocurrency project sets a soft cap?
What exactly does it mean when a cryptocurrency project decides to set a soft cap? Does this signify a specific financial threshold that the project aims to reach during its funding phase? And if so, what happens if the project successfully surpasses this soft cap? Does it automatically unlock additional features or resources for the project? Or does it simply mean that the project has surpassed the minimum funding required to proceed, but there's still room for more investments? I'm curious to understand the implications and potential benefits of setting a soft cap for a cryptocurrency project.
Moonshadow
Sun Sep 08 2024
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0 answers
0
What is a soft cap in cryptocurrency?
Can you please explain what a soft cap refers to in the context of cryptocurrency fundraising? How does it differ from a hard cap, and what role does it play in the overall process of raising funds for a crypto project? Is it a mandatory requirement, or can a project choose to forgo setting a soft cap? And finally, how does a soft cap affect the outcome of a crowdfunding campaign or ICO?
