Soft Cap
By CoinGecko | Updated on Aug 12, 2021
A soft cap refers to the targeted amount that an initial coin offering (ICO) looks to raise. If the ICO is unable to raise that amount, it may be cancelled and the collected funds returned to participants. See also: hard cap.
Related Terms
Off-chain
It refers to transactions occuring outside the blockchain and executed instantly.
Nonce
Abbreviation for ‘number only used once’ It is of vital importance next to the hash in the verification of data from the Bitcoin blockchain network.
Proof of Work (PoW)
A consensus algorithm in which a block is validated via mathematical hashing
REKT
A shorthand slang for “wrecked”, typically describes bad trades that results in losses.
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