As far as I know hardcap was previously at the level of 50 or 100 million dollars - it was very much, but even the one is now also quite high
the rate of collection says that the project will have to start with a smaller amount.
i think that what hardcap doesn't matter, it will be 50 or 100 or even 35. it's really important to collect softcap because that a minimum cap will be enough to implement all the plans conceived