That was a bit of a near-miss just now. I copied the treasury address to check the expenses, but my thumb slipped and I clicked the transfer page… Luckily, I didn’t enter an amount, and I backed out right away—my heart was pounding. It also made me even more certain: look at whether the project is genuinely doing the work, not just listening to them spin big promises—first, keep an eye on where the treasury money is flowing. In plain terms, whether the spending has a rhythm and whether there are milestone-matched actions is what most easily gives things away.

I usually watch for three things: first, whether expenses are “released in stages”—that is, once one segment is done, the next segment gets funded, rather than throwing all the money at a few connected parties in one go; second, whether after the spending there are synchronized changes on-chain / in the repository / in the documentation—no matter how trivial the updates are, they should line up; third, whether the team itself is also bearing costs, such as locking tokens or having more transparent salaries—at the very least, they shouldn’t be shouting that there’s no money while their wallets are churning out funds.

Lately, the testnet incentives and point expectations have been discussed non-stop, and everyone’s speculating whether the mainnet will issue tokens… I’ll put my emotions aside for now. If the treasury is only handing out points and KOL promotions, with empty milestones, then I’ll just treat it as entertainment. The limit orders are still the same as before—placed where panic is likely to come from. For now, that’s how it is.