Question

What is a cryptocurrency soft cap?

Answer 1

A cryptocurrency soft cap refers to the minimum amount of funds that a cryptocurrency project aims to raise during its initial coin offering (ICO) or token sale. If the project does not reach this minimum funding goal, the ICO may be considered unsuccessful, and the funds raised may be returned to the investors. The soft cap is typically set to ensure that the project has enough funds to proceed with its development and implementation plans.

Answer 2

A cryptocurrency soft cap refers to the minimum amount of funds that a project aims to raise during its initial coin offering (ICO) or token sale. If the project does not reach this minimum funding goal, the ICO may be considered unsuccessful, and the funds raised may be returned to investors. The soft cap is typically set as a benchmark to ensure that the project has enough funding to proceed with its development and implementation plans.