

Polkadot has come under scrutiny for its significant marketing expenditures, which include spending $37 million on influencers and private jet logos. Despite criticism, the Polkadot team dismisses fears of an empty treasury, touting a self-sustaining model. The marketing efforts, which include $250,000 monthly expenses for key opinion leader (KOL) amplification, $130,576 per follower, and a $500,000 payment to CoinGecko for an animated icon, have sparked debate within the crypto community. Some argue that the spending is excessive, with $3 million a year allocated to KOLs, and has not significantly impacted the $DOT price, while others believe it has brought attention to the project. The Web3 Foundation, which supports Polkadot, maintains that the on-chain treasury spending is voted on by the community and is in line with industry standards. Additionally, Polkadot secured a $460,000 sponsorship from Unchained.
#ICYMI: Web3 Foundation, Parity Technologies dismiss Polkadot treasury depletion fears Read the full article 👇 https://t.co/7nsKdPhePy https://t.co/XXA7YYs8zA
'Private jet brandization?' In this week's The Protocol newsletter, @liqquidity examines line items buried in Polkadot's report on $87M of 1H 2024 spending, and handicaps Solana's ETF chances. PLUS $80M of project fundraisings. $DOT $BTC $SOL $ETH https://t.co/1yiBAcXhJP
Fun fact 6, Polkadot treasury paid @DotLeap $155k for a year to run a newsletter, which so far consists of 9 posts mostly summarizing github release notes. Which is not even one a month.