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Post by Roberto on Apr 19, 2024 10:03:20 GMT
In the context of Initial Coin Offerings (ICOs), I often hear about "softcaps." What does a softcap mean, and why is it important?
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Post by Alexis on Apr 19, 2024 11:49:03 GMT
A softcap is the minimum amount of funds that a new cryptocurrency project aims to raise through an ICO to proceed with its development. It is considered a critical threshold; if the ICO fails to reach this minimum funding level, it may indicate insufficient interest or support for the project, and funds are typically returned to the investors. Reaching the softcap is crucial for the project to move forward with its roadmap and assure investors that it has enough backing to begin implementation. For a detailed explanation of softcaps and their significance in cryptocurrency funding, you might find this article informative: paybis.com/blog/glossary/what-is-a-softcap/ It covers the role of softcaps in the success of ICOs and how they differ from hardcaps.
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