Does this project still go ahead if it doesn't reach hardcap?
Of course it should, the basic thing is the softcap which have been reached, it means whatever they need for the development of the project has beh attained, hardcap is giving it more power to achieve much more... You get it?
Oh yes, I get that! It's just I've seen some really promising projects not go ahead before when they haven't hit hard cap!
That is weird. Usually, like Nathan01 said, only the softcap matters. The amount of the softcap is calculated that as soon as the project reaches it, the ICO is considered successful and they have enough funds to develop their product. A hardcap is often just in place to limit the funding process.
Thinking about it, the couple of times I have seen it, those projects were relatively low key start ups to be fair who had solid concepts etc but maybe too ambitious for their size and capital. It may well be that they moved the goalposts so to speak. As mentioned, a softcap is the key and i'm probably being paranoid with the hardcap haha.
They still have phase 4 of the ICO now so hopefully they reach the hardcap as well.
They've hit their softcap which is the minimum funds needs for the project to launch, so yeah they'll be going ahead, the hardcap was only a little more ($5mill?) than their softcap.