| Name | Price | 24H (%) |
|---|---|---|
Bitcoin
(BTC)
| $7,143.18
| 4.37% |
Ethereum
(ETH)
| $183.68
| 7.59% |
XRP
(XRP)
| $0.189196
| 3.47% |
Tether
(USDT)
| $1.00
| -0.03% |
Bitcoin Cash
(BCH)
| $233.71
| 6.72% |
Bitcoin SV
(BSV)
| $193.30
| 6.32% |
Litecoin
(LTC)
| $41.86
| 3.52% |
EOS
(EOS)
| $2.63
| 4.29% |
Binance Coin
(BNB)
| $15.70
| 4.80% |
Tezos
(XTZ)
| $2.36
| 9.09% |
Soft Cap
A “Soft Cap” is a term that is used to refer to the absolute minimum amount of funds that must be raised during a fundraising event such as an ICO (initial-coin-offering) or STO. Whenever a Softcap is reached the project is considered to be funded enough to begin operations.
example:
Cryptocurrency project SuperMegaCrypto is launching and they need funding. They need $1,000,000 for a full year of operations & they need 9 months to produce a product. They decide to hold a fundraising event where they request $5,000,000 and claim that there will be a Softcap of $950,000. Once the softcap is reached, they are allowed to being building.
Related Terms:
