I tried once, bought a so-called "Membership Pass" PFP, and during the days I was in the group, it was really lively, like suddenly being thrown into a brand launch event.

As a result, after two weeks, the benefits turned into "next time," and no one claimed or executed the voting proposals.
Honestly, it’s just that the budget was spent quickly, and no one was doing the work.
Recently, the funding rate has been extreme again, and the group is also arguing whether it’s a reversal or just more bubble squeezing.
I see it more as attention being focused on leverage: once the hype fades, it all comes down to cash flow and who’s willing to do the work.
Anyway, now when I see "Membership = Value," I first ask: where is the money going, who signs off, who is responsible for KPIs.
That’s how it is for now.