A soft cap is the minimum needed for the project to proceed and a hard cap is the amount that they will accept no more than. For instance a soft cap could be 10 million and a hard cap 30 million meaning if the project does not attain 10 million it will not proceed and also if it reaches 30 million no more can be contributed.
yes you clearly said that one. soft cap is he minimum requirement and hard cap means maximum can collected, as per example bobs repair ico , soft cap is 8000 eth , thats already reached. and 30000 is the hard cap. so it will be on April 4. that the maximum.