Hard Cap
The maximum amount of money a token sale or fundraising round intends to raise. Once the hard cap is reached, the sale closes. It is distinct from a token's max supply, which refers to the total number of tokens that will ever exist.
Mike Starr
Founder, CryptoWizardTools ยท M.S. Organizational Management
Last reviewed: August 2026
Related Terms
Escrow
A third-party service or smart contract that holds funds until certain conditions are met, then releases them to the appropriate party. In crypto, smart-contract escrow removes the need to trust a human intermediary.
Volatility
The degree of price fluctuation of an asset over time. Cryptocurrencies are generally considered more volatile than traditional assets.
AMM
Automated Market Maker. A decentralized exchange protocol that uses mathematical formulas to price assets, allowing users to trade without traditional order books.
DeFi
Decentralized Finance. Financial services and products built on blockchain technology that operate without traditional intermediaries like banks or brokerages.
HODL
A term originating from a misspelling of "hold," meaning to hold onto cryptocurrency long-term rather than selling. It has become a popular investment philosophy in the crypto community.