What is the purpose of a “soft 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 “soft cap” in the context of an initial coin offering (ICO)?” in Marina Protocol.

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

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

Answer: To determine the minimum investment required to participate in the ICO.

Further reading

What is the purpose of a “zero-knowledge rollup” in the context of Ethereum scalability solutions?

What is the purpose of a “gas fee” in the context of Ethereum transactions?

Which term describes the process of converting a cryptocurrency back into fiat currency or another cryptocurrency?

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