Hi Paul. When you read about MIDI Velocity, page 6 in the help section (up in the right corner of the app), you’ll find this.
I too was a bit uncertain as to what curve meant, but it would seem it can best be described as MIDI compression, and a hard curve is then “more compressed” And I did some recording in Abelton focusing on the MIDI velocity confirming this. A weak drill on the guitar while turning the Curve knob clockwise makes for a much more compressed spread of velocity (i.e harder soft picks & softer hard picks) Red for uncompressed, and orange for compressed in the picture below.