"In the context of a security token offering (STO), the term 'Hard Cap' is a predetermined monetary threshold stated in the smart contract governing the STO. Once the Hard Cap is reached, no further tokens will be issued to investors. Should the total investment surpass the specified Hard Cap, the excess funds will be\ refunded to the investors in the currency corresponding to their initial investment. This ensures that the STO remains within the predefined financial scope and adheres to the set investment parameters. It's important to note that the Hard Cap can be denominated in both currencies, EUR and USD.
What happens if the venture is oversubscribed?
Arnab Naskar
- Updated
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