What is a Hardcap in ICOs?

I'm considering investing in ICOs and keep seeing the term "hardcap." What does it mean exactly?

In the context of Initial Coin Offerings (ICOs), a hardcap is the maximum amount of funds a new cryptocurrency project aims to raise from investors. Once this limit is reached, the ICO ends, and no further contributions are accepted. Setting a hardcap is crucial for defining the scope and scale of funding the project aims to secure, ensuring that it does not dilute the value by collecting more funds than necessary. The hardcap also helps investors understand the limits of their potential investment and the project’s financial goals. This figure is typically set based on the estimated budget needed to complete the project’s development and operational goals. For a detailed explanation of hardcaps and their role in ICOs, you might find this article helpful: https://paybis.com/blog/glossary/what-is-a-hardcap/ It also helps investors understand the limitations and expectations of funding in crypto projects.

Thanks for info!