If I’m looking at whether a project is really doing things seriously, I’d actually check the treasury expenditure flow first… To put it bluntly, where the money is spent is more reliable than the PPT milestone. I can understand spending on R&D and audits, infrastructure, and developer subsidies; but if the biggest chunk goes to “market collaborations” and “community events,” and they keep changing the names, then it starts to feel a bit hollow. Milestones shouldn’t just say “Q3 launch”—they should ideally match the pace of code updates, testing feedback, and bug fixes. Right now, a lot of hype is building around testnet incentives and points expectations; everyone’s guessing whether the mainnet will issue tokens. I’m more concerned, though, about whether their points rules could be changed on the fly, and whether the treasury is transparent enough that you can actually track it. Anyway, I’ll take it slow with my position—I’d rather miss the excitement than be the one to take the last leap.

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