Hard cap

A hard cap is the maximum amount of funding that a company or project can raise through an initial coin offering (ICO) or crowd sale. This cap is usually set before the sale begins and is designed to limit the total amount of investment that the company or project can receive. The hard cap is important because it helps to manage the overall risk of the project and ensures that investors are not putting too much money into one place. It can also be seen as a measure to protect investors from scams and overvalued projects.