> For the complete documentation index, see [llms.txt](https://tyz-ecosystem.gitbook.io/tyz-eco/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://tyz-ecosystem.gitbook.io/tyz-eco/ecosystem-architecture/crowdsale/soft-cap-hard-cap-refund.md).

# Soft cap, hard cap, refund

Soft cap will be set only for crowdsale №1, №2. In the event that the soft cap is not reached, investors will be able to return their funds are not planned for further crowdsales, since the success of the first two will already speak of a positive direction in the development of the ecosystem. Hard cap is set for all stages. All unsold tokens will be distributed at the next stage of the crowdsale.

<figure><img src="https://1233510261-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F7pWaS0BD9JFU3LQUZEjy%2Fuploads%2FfjRsyS5lRczXEnzQJDuG%2Fsoft_hard_cap_new.png?alt=media&amp;token=7107283f-2c38-425d-b37c-f17199618b7b" alt=""><figcaption></figcaption></figure>

Notice:

\* – calculated values ​​based on the predicted price of the token.