> For the complete documentation index, see [llms.txt](https://docs.grofidex.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.grofidex.io/features/launchpad/soft-cap-hard-cap-intro.md).

# Soft Cap/Hard Cap intro

**Softcap**: The minimum value that the launchpad can operate with. If the IDO sale does not reach this minimum value, the project will be canceled, and investors will be refunded.

**Hardcap**: The maximum value that the launchpad fund aims to raise. Once this maximum value is reached, the fund will stop raising capital. The project can be canceled if it does not meet the hardcap.