I just found out that MPCX has reached it's PRE- ICO hardcap. I sincerely dont know what this could mean. I have only heard of hard cap and soft cap with several projects. This pre - ico hardcap is something else. Please I would appreciate some level of enlightenment about this concept.
In my opinion, the pre-ico hardcap is the highest amount that can be raised from the pre-ico. MPCX like traditional public companies have various stage of fund raising. In the traditional companies we have the first call, second call etc. I guess they deployed the method of tokensale to give more persons the opportunity to participate in the fund raising.