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NFA E50: Solana, ETH Upgrade, US Jobs, Important Crypto Dates \u0026 More!!For an Initial Coin Offering (ICO), the term hard cap refers to the upper limit on the number of tokens that can be sold. It relates to the maximum amount. Hard cap Definition - A hard cap is a limit placed by a blockchain's code on the absolute maximum supply of a particular cryptocurrency. To fully understand. A hard cap is the maximum amount of money a company hopes to raise in an ICO. On the other hand, a soft cap is the least amount of funds.