A hard cap is the maximum amount of funds a project team plans to raise during an ICO or another token sale. Once this firm threshold is reached, the token sale and the collection of investments stop completely.

A shitcoin is a derogatory name for coins and tokens with no real value, technology, or prospects. Such projects are often backed by dubious teams or amount to outright deception of investors.

A token is a digital unit of account that exists in a distributed ledger on top of someone else's blockchain. Unlike a cryptocurrency, a token has no network of its own and can represent a wide variety of rights and assets.

A soft cap is the minimum amount of funds a project plans to raise during a token sale in order to begin developing the product. If the amount is not reached, the funds are usually returned to contributors.

A token standard is a set of technical rules that a token on a blockchain conforms to. Standards ensure the compatibility of tokens with wallets, exchanges, and smart contracts.