As i went through the BCNEX website i found they mentioned Hardcap is reached stating 38.78% i think it should be soft cap instead of hardcap.
They meant that 38.78% of the hardcap has been achieved. Which is correct. The soft cap is $2m while the hardcap is $30m.
The information on the website meant that 38.78% of $30m has been received which is about $11.634m.
From the computation the softcap has been long achieved with an excess of over $9m.