Is it necessary for an ICO to have soft-cap or does it show a sign of weakness and missing confidence?
Normally if a project have declared soft cap it is stipulated that the amount raised reaching tis state can support and continue with the development of the project. Hard cap is just a bonus for additional expenses from the development of the project. Soft cap is the indicator how much money at least they need to move on with it. Without reaching it, compromise stuff will rise from it.