Back to glossary

Hard Cap

The expression “hard cap” refers to the maximum amount of tokens that may be sold on an Initial Coin Offering (ICO). It has to do with the highest sum of money the development team will accept in return for tokens at that initial funding stage.

Therefore, the tokens are considered sold out for that round of an ICO fundraising campaign if the hard cap is achieved. In other words, it indicates that the ICO event’s maximum target has been met and that the project’s developers are no longer accepting payments from investors in return for project tokens.