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What does Soft Cap and Hard Cap mean in Crowdfunding?

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In the crowdfunding campaign, what does Soft Cap and Hard Cap mean? According to

What does Soft Cap and Hard Cap mean in Crowdfunding?

In the crowdfunding campaign, what does Soft Cap and Hard Cap mean? According to official sources, the crowdfunding began around 8 PM Beijing time on June 17, 2018. The plan was halted after reaching an initial investment of $1 million and a conversion of Soft Cap to Hard Cap took place.

Specifically, what does Soft Cap and Hard Cap mean in the crowdfunding campaign? It refers to providing investors with a very small fund pool that does not affect the circulation of tokens in order to achieve “unsecured” loans. If users want to earn high returns through this method, they can borrow money from this platform or purchase these tokens through other means.

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