@saulgoodmanbrba

📰 A minor scandal erupted around Polkadot over its 2024 expense report, revealing $86 million in spending, including $37 million on marketing, conferences, and events. Criticism focused on: • $10 million on partnerships with a football team, eSports team, and Formula 1. • $4.9 million on influencer marketing. • $8 million on events, meetings, and conferences. • Hundreds of thousands on animated logos. A Manta Network co-founder accused Polkadot of having no value and engaging in money laundering. The Polkadot team responded by emphasizing their transparency and turning criticism into a meme. Despite the controversy, the price of $DOT remained unaffected. Polkadot’s treasury manages $245 million (38 million DOT).

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