Polkadot's treasury spent $37 million

[NikeFit_7777]

Cryptoinfluencer Ignas pointed out that Polkadot Treasury has spent $37 million on outreach in the first half of 2024. This category includes ad integrations, partnerships, shilling at opinion leaders and other marketing campaigns. However, Polkadot still seems invisible on X and other platforms, he noted.

Ignas also estimated that given other expenses (totaling $86 million in six months) and the pace of spending, the liquid portion of the project's coffers would be depleted in two years.

[MrSpasybo]

Cryptoinfluencer Ignas pointed out that Polkadot Treasury has spent $37 million on outreach in the first half of 2024. This category includes ad integrations, partnerships, shilling at opinion leaders and other marketing campaigns. However, Polkadot still seems invisible on X and other platforms, he noted.

Ignas also estimated that given other expenses (totaling $86 million in six months) and the pace of spending, the liquid portion of the project's coffers would be depleted in two years.

Now I understand why Polkadot has been featured on many crypto sites in the past few months. This could be the result of Polkadot's marketing campaign to promote its technological advancements and ecosystem, which has helped Polkadot gain investor attention and make it easier to re-enter this cycle. I hope this will be an effective investment and help Polkadot stay relevant in the upcoming bull run, especially as Web3 comes back stronger than in the bull run 2021.

DOT has been on my watchlist since 2021 and Polkadot is one of the platforms that I believe can continue to exist due to its effective solution to a real need in the blockchain world. If Polkadot can operate at its full potential, I believe DOT will reach a new ATH in the $200 range or higher in the next year.

[KryptoBull]

Now I understand why Polkadot has been featured on many crypto sites in the past few months. This could be the result of Polkadot's marketing campaign to promote its technological advancements and ecosystem, which has helped Polkadot gain investor attention and make it easier to re-enter this cycle. I hope this will be an effective investment and help Polkadot stay relevant in the upcoming bull run, especially as Web3 comes back stronger than in the bull run 2021.

DOT has been on my watchlist since 2021 and Polkadot is one of the platforms that I believe can continue to exist due to its effective solution to a real need in the blockchain world. If Polkadot can operate at its full potential, I believe DOT will reach a new ATH in the $200 range or higher in the next year.

Unfortunately, we haven't seen an impressive price increase for DOT after its promotion on Media. In fact, DOT price has unexpectedly retested the crypto winter's dip, surprising investors. I know Polkadot has a lot of potential, but the DOT price might make investors give up and seek opportunities in other ecosystems.

Polkadot really has a problem with communication and partnerships. We don't often have interesting updates about the ecosystem to know that Polkadot is still being developed and ready to return in an uptrend. I'm worried that DOT might be forgotten this season!

[NotATether]

Well I appreciate the fact that the treasury is transparent, but doesn't it seem a bit weird for a cryptocurrency foundation to be spending all that money on marketing? Other foundations for other coins are spending that amount on open-source developers to make sure they keep contributing. So what exactly do they expect paying news outlets and fast talkers to do for them?

[MrSpasybo]

Well I appreciate the fact that the treasury is transparent, but doesn't it seem a bit weird for a cryptocurrency foundation to be spending all that money on marketing? Other foundations for other coins are spending that amount on open-source developers to make sure they keep contributing. So what exactly do they expect paying news outlets and fast talkers to do for them?

I believe this expenditure is justified for Polkadot. Technologically, Polkadot has had a solid foundation since 2021, building upon its development from 2017. What Polkadot lacks is effective marketing to reach potential users and investors. DOT price has significantly disappointed investors due to its weak price chart performance.

The Layer-0 and Web3 trends may rebound with an overall market recovery, but to attract investors, Polkadot needs to invest heavily in marketing to achieve widespread visibility. I admire Polkadot technology and truly hope it will succeed in the bullrun 2025, fulfilling the long-standing expectations of its users.

[Stompix]

So what exactly do they expect paying news outlets and fast talkers to do for them?

Hype? Attract buyers? Do something!
When 10 cents on top of what the price is gets you more in your tokens value than you spend on advertising it's worth doing so.
Unfortunatly for Polkadot is not working!
They spent those in Q2, price went from $9 at the start of April to $4.5 now, less than 10% from the ATH!

[MrSpasybo]

Hype? Attract buyers? Do something!
When 10 cents on top of what the price is gets you more in your tokens value than you spend on advertising it's worth doing so.
Unfortunatly for Polkadot is not working!
They spent those in Q2, price went from $9 at the start of April to $4.5 now, less than 10% from the ATH!

Well, it's unfortunate that despite being very well-known for Web3, Layer-0, and Parachain auctions during the bullrun 2021, Polkadot hasn't had an effective marketing campaign to regain its popularity in the market. Perhaps it's precisely the failure in marketing that has caused DOT price to decline, or maybe whales are dumping DOT to accumulate a large amount of tokens before the DOT price grows.

As a Layer-0 enthusiast, I will continue to support Polkadot and look forward to the impressive comeback of this ecosystem, along with a DOT price increase sufficient to compensate for investors patience and bring a worthy return to those who have always placed their faith in DOT.

[Stompix]

Hype? Attract buyers? Do something!
When 10 cents on top of what the price is gets you more in your tokens value than you spend on advertising it's worth doing so.
Unfortunatly for Polkadot is not working!
They spent those in Q2, price went from $9 at the start of April to $4.5 now, less than 10% from the ATH!

Well, it's unfortunate that despite being very well-known for Web3, Layer-0, and Parachain auctions during the bullrun 2021, Polkadot hasn't had an effective marketing campaign to regain its popularity in the market. Perhaps it's precisely the failure in marketing that has caused DOT price to decline, or maybe whales are dumping DOT to accumulate a large amount of tokens before the DOT price grows.

I told you, just like those empty cities in China and 1 sqm Malls, you can build whatever you want and make it as shiny and attractive as it might if people don't actually need them it's no longer innovation it's a buzzword. When you step one foot away from the crypto space you will realize how little the world cares about all these, while initially crypto was becoming accepted and adopted those solutions offer little no nothing to the average Joe.

Poepls are more interested in making $5 from tapping a phone than all the vapourware web3 comes packed with. 

[Rami]

Wow, $37 million on outreach and still flying under the radar? That’s some serious marketing magic—or maybe just a case of "money can't buy visibility"! If they keep spending at this rate, they might need to start a GoFundMe just to keep the lights on!

[MrSpasybo]

I told you, just like those empty cities in China and 1 sqm Malls, you can build whatever you want and make it as shiny and attractive as it might if people don't actually need them it's no longer innovation it's a buzzword. When you step one foot away from the crypto space you will realize how little the world cares about all these, while initially crypto was becoming accepted and adopted those solutions offer little no nothing to the average Joe.

Poepls are more interested in making $5 from tapping a phone than all the vapourware web3 comes packed with. 

I believe we can still have high hopes for Web3 given its numerous advantages over the current Web2. Blockchains are maturing, and DePIN is becoming more robust than ever. Polkadot still has the potential to rebound and lead the Web3 trend if the demand for Web3 services like trading, information search, and gaming grows.

Millions of $ have been invested, we need to monitor their impact on the development of the Polkadot ecosystem in this cycle. Since I own some DOT, my expectations might be a bit more optimistic than the current market sentiment ^^

[Report]

Damn, $37 million is not a small amount, that's a lot of money spent by Polkadot for promotion and marketing. My thoughts don't go there because I'm sure all of that has been allocated for the Polkadot coin for the promotion section but it's very large in my opinion because it costs around $37 million.
I'm sure this promotion fee is only a part because I see the screenshot that the OP gave has not written about coin development, system updates or anything related to the Polkadot blockchain technology. I didn't expect this cryptocurrency to have such a large turnover and I'm proud to be here to continue discussing Polkadot coins with other cryptocurrencies.

[Stompix]

Millions of $ have been invested, we need to monitor their impact on the development of the Polkadot ecosystem in this cycle. Since I own some DOT, my expectations might be a bit more optimistic than the current market sentiment ^^

Well, if we look now at the market sentiment, I'm not sure what optimistic means in this situation.
Polka is one of the only 3 top coins who have all 7/30/365 indicators in red right now, if we take one of the worse performers like ETH for comparisons there is a 50% loss in polka against it, I simply can't find anything in these to think in a long term strategy for it and the only hope I see is timing your right buy in and buy out.

My picks are easy, when a coin is in red while the market is in green then it's a sign to stay away from it.