For instance, in Bitcoin’s case, the maximum supply is 21 million tokens. Cryptocurrency projects with a hard cap, in turn, can have an unlimited supply and still set a specific limit they’re planning to raise. As a result, a hard cap in terms of crypto is not actually related to a token’s supply whatsoever.
What is a hard cap ICO?
A hard cap refers to the upper limit of tokens that can be sold. The developer team is seeking to raise funds, and the hard cap is the maximum amount of funds they are willing to collect in exchange for selling their tokens. Reaching the hard cap is like reaching a “sold out” sign during an ICO fundraising campaign.
How to find a new cryptocurrency's hardcap?
You can discover a new cryptocurrency’s hardcap by reading through their whitepaper and more specifically in the details of their funding rounds. Once there, you will also be able to see how the funds will be used in case the hardcap is reached.
What is an uncapped ICO?
While the majority of projects prefer to set their soft cap and hard cap goals, other crypto platforms may decide to go with the uncapped approach. Uncapped ICOs do not limit themselves with specific amounts of funds they plan on raising and accept everything that comes their way.
