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

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Marina Protocol is a global Web 3.0 tutorial platform with learning materials.

It provides beginners with easy-to-use content and advanced interfaces for activities.

Users can take part in Web 3.0 projects and get rewarded for their experiences.

You can download the app from the Google Play Store and create a new account.

To begin a quiz, open the Marina Protocol app, tap on “Learn & Earn”, and choose the correct answer.

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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