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What is the purpose of a “hard cap” in the context of an initial coin offering (ICO)?

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In this guide, you’ll learn the answer to “What is the purpose of a “hard cap” in the context of an initial coin offering (ICO)?” in Marina Protocol.

What is the purpose of a “hard cap” in the context of an initial coin offering (ICO)?

Question: What is the purpose of a “hard cap” in the context of an initial coin offering (ICO)?

Answer: To limit the maximum amount of cryptocurrency that can be raised during the ICO.

Further reading

Which blockchain platform uses the term “Crossfire” to describe its consensus algorithm?

What is the purpose of a “liquidity pool” in a decentralized finance (DeFi)?

Which blockchain consensus algorithm aims to achieve agreement through a combination of resource ownership and identity verification?

The post What is the purpose of a “hard cap” in the context of an initial coin offering (ICO)? appeared first on Followchain.

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