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Distinguish strategic vs. promotional partnerships by: ① Depth—strategic deals have technical docs (e.g., "Project X will integrate Company Y’s API") vs. just a press release; ② Resources—look for shared budgets or team collaboration. Partnerships with top firms (e.g., Google Cloud, Coinbase) correlate with 10-30% valuation boosts, but quantify by tracking post-partnership metrics (user growth, TVL). Most partnerships take 3-6 months to launch; monitor the project’s roadmap and quarterly reports for progress updates.