I'm just a retail investor who grew up watching candlestick charts, but now choosing projects feels more like analyzing company financial statements… How the treasury funds are spent, how milestones are delivered—these are much more reliable than just "narratives." To put it simply, I prefer projects that are willing to clearly break down expenses (how much goes to development/auditing/ecosystem/marketing), and that can match progress each month—at least they're not just empty promises; those that always say "launch next week" and spend most of the treasury on "partnership promotion" but never deliver anything, make me a bit anxious.

Recently, the airdrop season is heating up again, and task platforms are making points like clocking in at work, with anti-witch hunt measures… Now I tend to look at whether projects treat these activities as short-term data boosts or if they continue iterating after the event ends. Anyway, I’d rather earn a little less and choose those that are genuinely working, slow but steady, and then occasionally let loose on weekends.