What is the meaning of ICO hard cap?

What does ICO hard cap mean? According to official sources, in the ICO hard cap

What is the meaning of ICO hard cap?

What does ICO hard cap mean? According to official sources, in the ICO hard cap event on September 16, 2017, the project team implemented a hard cap to increase the liquidity of the project and control risks.

Based on the rules and regulations of ICO in early 2018, during the period from August 1, 2017 to July, there was a significant price fluctuation in ICO due to the decline in market conditions. So, what does ICO hard cap mean?

ICO refers to the issuance of a new form of currency. Its purpose is to allow investors to purchase ICO tokens at a low price and raise funds from the market. This new currency model can attract more investors to participate.

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