Lately I've been a bit scared... I almost got fooled by a project that was "very inspiring in its milestone writing" before. Later, after checking the treasury expenses, I realized that the money was spent very smoothly: a fixed monthly payment to a bunch of "consultants/operations," but there was very little output to match, and code submissions were sparse. To put it simply, now I judge whether a project is serious about doing things based on two things: whether the treasury money is tied to milestones (for example, completing a module/auditing/launching before disbursing), and whether the expenditure structure is increasingly leaning towards "human resources + marketing" rather than "R&D + security." On top of that, recent tax hikes and tightening compliance policies in certain regions have caused deposit and withdrawal expectations to fluctuate. If the team is still burning money and telling stories, I’ll step back for now... Anyway, cash flow is more honest than PowerPoint.