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
Wash Trade
Meaningless back and forth trading between a single party with the aim of inflating trade volume.
Daily Active Addresses (DAA)
On a blockchain, users interact with one another through their addresses, and daily active addresses (DAA) refers to the number of addresses which fulfills the defined activity parameter on a given blockchain.
Proof-of-Burn (PoB)
A consensus algorthm that assigns block validation queue based on the coins/token burned by the validator.
Algorithmic Stablecoin
Algorithmic stablecoins are tokens pegged to a fiat currency which is usually the US dollar, purely through software and specific conditions.
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