1.22M has been raised so far (so 5% already). There is no soft cap, we will do the project in any case scenario, we have already done a good 60%; the hard cap is 21M. This money will mainly be used for liquidity and licenses. The project is viable if 500M are raised, but in that case we will not have enough cash to setup our own liquidity pool and will have to rely on partners liquidity; so this could reduce the profit on the short term.
1.22m $ is a good number actually. Even you don't have a soft cap, it is giving good capital to build on.
Yes of course 5m or 21m would be better mostly about liquidity but still, it is great that the project will go on and also raised a significant amount so far. If you think about the market, it is more significant.