May EllisonDec 17, 2021 · 3 years ago1 answers How does soft cap affect the success of a cryptocurrency project?
In the world of cryptocurrencies, the concept of a soft cap is often mentioned. What exactly is a soft cap and how does it impact the success of a cryptocurrency project? Can a project still succeed if it doesn't reach its soft cap? How does the soft cap affect investor confidence and the project's ability to attract funding? What are some examples of successful projects that achieved their soft cap and how did it contribute to their success?