Honestly, I’m now looking at whether the project team is seriously working, without looking at the PPT first, just checking if the treasury expenditures and milestones match up. The money is being spent quite “smoothly”: for example, consistently paying for development/security audits/infrastructure every month, which makes me feel a bit more at ease; if a large sum suddenly goes to “market partnerships” or “ecosystem incentives,” and the milestones are still stuck at a demo from half a year ago, I’d frown... I’m not sure if I’m being too stingy, but I always consider gas costs when I do interactions, and seeing the treasury, I want to first calculate the “money-burning path.” Recently, social mining and fan token attention mining are quite popular, but if the treasury mainly spends on buying attention, and the on-chain delivery doesn’t change, isn’t that just riding a wave of hype? I’d rather they save the money and refine their execution plan, so I don’t have to feel pain every time I pay transaction fees.

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