Post
Topic
Board Announcements (Altcoins)
Re: 💰💰💰 [ICO] [SOUK] CRYPTOSOUK - CRYPTO EXCHANGE FOR MIDDLE EAST 💰💰��
by
crownjewel
on 10/08/2018, 09:37:49 UTC
If SOUK can not reach the floppy or hard hat, what will happen to the excess SOUK token?

Sorry,but can you explain what is floppy or hard hat?Maybe softcap and hardcap?

I guess you are asking about the difference between a softcap and a hardcap. Soft cap is the minimum amount of money a cryptocurrency can receive from investors in its Initial Coin Offering (ICO). An ICO is a limited-time process by which new cryptocurrencies make their coins publicly known and begin selling them directly to people while hardcap is the maximum amount a crowdsale will receive. For Cryptosouk excess tokens will be burned.

Burning the unsold tokens is something everyone does, it's standard practice.