Softcap Reached ICOs
|Coin Price:||0.5 USD|
|Coins for Sale:||50,000,000|
What is an ICO Softcap?
The softcap of an ICO is the first goal to achieve during the token or coin sale. It is the minimum amount of money that the project need to be able to move forward after the ICO ends.
Reaching softcap but not hardcap usually means that the project will continue but at a slower pace than what is written in the whitepaper or on their timeline.
Why you should be looking at Softcap reached ICO?
An ICO that have reached his softcap guarantee to the investors that they will be able to continue the project no matter what happen next.
An ICO with a softcap reached also mean that their is interest in the project and that investors are already buying the idea behind the ICO.
Downside of a Softcap Reached
ICO with softcap reached have investors already. Usually reaching softcap happens after the private sales and after the pre-sale. The private and pre-ico usually bring in some great discount to those early investors which mean that there could be a risk by buying at a later stage that you are paying more than most and suffer from a dump of the coin or token once the ICO hit an exchange.
The risk is lower so the reward will follow. The later you buy in an ICO usually equal the higher you pay for the token or coin.
Softcap reached ICO Checklist
- Does the project look viable?
- What happen if the ICO doesn't reach the hardcap?
- Have you read the whitepaper?
- Is their Social Media active?
- What are other crypto investors saying about this ICO?
- Is the team legit?
- Sleep on it, Think about it, Never FOMO