Nice, this MODL even though they not reach the hardcap it doesn't bring them down. A big future awaited for their coin once it was fully working. Nowadays eth token or token based are not so good and the real thing is if a company can create their own blockhain they can much more maximize its use unlike having it in erc20 token they are only under the eth blockchain.
Frankly, they actually surprised me with their drive to continue development despite raising what can best be described as a "paltry" sum by this industry's standards, especially when some pos rake in tens of millions and vanish into the night.
Actually we should admire their steadfast commitment to continue to develop the project especially if they are armed with more than $5.8 million of funding generated on the crypto winter period. So I guess its a great motivation for them. Imho.