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Stakeholders within Polkadot's ecosystem have refuted claims that the network's Treasury will run dry within two years. Recently, a treasury report raised community concerns by suggesting that the project's current spending would only sustain operations for two years.
Despite this extensive spending, Polkadot's visibility on social media platforms, including social media platform X, remained surprisingly low.
The scenario that has emerged is not good for its cryptocurrency DOT, despite the project moving forward.
Polkadot, one of the most promising blockchain ecosystems, finds itself in a rather unique and problematic situation. The entity faces financial mistrust, misappropriation, and bad money math.
The blockchain spent $87 million in the first six months this year, with marketing activities accounting for the majority of expenses.
The Polkadot blockchain ecosystem is currently embroiled in a controversy regarding its treatment of Asian-led projects. Allegations of unfair practices and a hostile environment have emerged, sparking a broader debate about inclusivity in the blockchain world.
This strategic allocation aimed to attract new users, developers, and businesses to its ecosystem. Despite these efforts, Polkadot's visibility remains limited on various platforms, including X.
Polkadot's native token, DOT, has emerged as a standout performer. With a notable 12% increase over the past week, DOT is trading at approximately $6.30.
Polkadot has launched a new Ledger app designed to streamline parachain management and enhance network security, thanks to contributions from Zondax, Alzymologist, and Parity Technologies.
Blockchain project Polkadot is under fire after revealing $37 million in expenses on the marketing budget, triggering criticism and scrutiny from its community.
Learn how Polkadot's innovative technology might drive its future success. This innovative cryptocurrency looks interesting at these modest prices.
Bridging and swapping are crucial components of the DeFi landscape that Polkadot is heading towards and SubWallet is central to this.
Victor Ji labels the Polkadot ecosystem “highly toxic” and lacking in Web3 value, calling it “dead.”
PostFinance, a Swiss government-owned bank, has expanded its cryptocurrency offerings, according to a recent announcement. The bank has launched Ripple (XRP), Solana (SOL), Avalanche (AVAX), Cardano (ADA), and Polkadot (DOT) trading services.
June was a challenging month for the global cryptocurrency market, declining value, and Bitcoin price trading at $60,000. However, Polkadot (DOT) was also affected, with its price dropping by 9.32%.
Are altcoins genuinely doomed, or will Bitcoin and Ethereum steal the limelight, leaving altcoins underperforming? Bitcoin is sitting between $62,500-$63,000 and according to one analyst, this marked a fight from the Bulls in the last 24 hours and also a formation of a “pin bar candle”. This pattern suggests a possible bullish reversal.
The blockchain's revenue declined over the first half of 2024, and its head ambassador has called for its token's inflation rate to be lowered.
Polkadot's latest financial report reveals a shocking expenditure on marketing, totaling $37 million out of the $87 million spent in the first half of this year. Long story short?
Polkadot spend's H1 financial report reveals a hefty $87 million expenditure, including $37 million allocated to marketing efforts.
The recent report released by the Polkadot Treasury for the first half of 2024 has raised concerns over an impending funding crisis. The report indicates that the Treasury's assets, spread across multiple chains, have become increasingly complex and challenging to manage effectively.
The Polkadot Treasury holds assets equivalent to 38 million DOT, worth approximately $245 million. Head Ambassador Tommi Enenkel, popularly known as Alice and Bob, shared a new report providing the latest update on the network's treasury.
Polkadot has surged towards a crucial resistance region, marked by the multi-month wedge's upper boundary and the $6.4 threshold. This area is likely filled with significant supply, potentially halting the upward momentum in the short term and leading to a temporary phase of sideways consolidation.
Despite bearish predictions, Bitcoin (BTC) has crossed $63,000, rebounding after hitting its support level of $60,000 on Friday, with buyers entering the market and pushing the price higher.
"The next run is likely going to bring it towards $17-22," one analyst said about DOT.
