Hard Cap

      A “Hard Cap” is a term that is used to refer to the absolute maximum, the ceiling, amount of funds that will be accepted during a fundraising event such as an ICO (initial-coin-offering). After a Hardcap is reached no more money can be accepted.

     Whenever the cryptocurrency project Basic-Attention-Token (BAT) was launching, they set a hard cap of $35,000,000 for their public fundraiser campaign, which they hit in 30 seconds.

      Related Terms:



BTC: bc1qcskmel9llhrdqj3arxyqnennx4ashvfutlreyy
LTC: ltc1qa0fj4lcu5365rep50aza5fqqvx8ef0afemh6s5
ETH: 0x071D72dbc48ad2Fe35daE256eCF0834C5dde688c
DASH: XgXHqVyJiQNdVVszH9cnqCP4uWcP8tVxdK
BNB: bnb1mau4j8kry0jgw45ufy69hvhd0k04llet8fk2p6

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