Key Points:
The community reacted to the revelation with much debate, specifically the $37 million dedicated to marketing efforts. While a good marketing strategy is central to any project, some community members were quite confused about the ROI that Polkadot received from its marketing spend.
Read more: Top Crypto Picks For Post-Bitcoin Halving Profits: Polkadot (DOT), Fetch.ai (FET), ETFSwap (ETFS)
This may stem from the lack of big growth or adoption metrics directly attributed to the marketing spend. The community wants better attribution of how such funds have been used and what tangible deliverables have been achieved.
The silver lining, however, to all this aggressive spending is that Polkadot spending still seems to be holding up pretty well with a very healthy financial runway. Its remaining funds can sustain operations for approximately two years at this burn rate. This gives the project ample time to finesse its marketing strategy and show its value proposition to a wider audience.
The marketing goals and achievements could be brought to the front. Clearly showing which metrics set a target for success and how marketing efforts would prevail toward Polkadot’s long-term vision will go a long way in allaying community concerns.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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