When I evaluate whether the project team is serious or not, my first look isn't at the PPT, but at how the treasury is spent and whether the milestones are being met as promised. Honestly, where the money goes is very telling: a high proportion of "boring expenses" like development, audits, and infrastructure makes me feel more at ease; if the treasury spending is full of consulting, marketing, and partnership titles, and the wallet addresses keep changing, I start to get suspicious. Recently, with AI Agents and automated trading, this has become even more obvious—people talk a big game, but the signing process is still a mess, and the authorization pages are full of "full authorization" options. I just see that as gambling on my own clumsy fingers... Be cautious. As long as the treasury is transparent and the milestones match up, at least it's not just talk.