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CryptoIntelligence 2024-07-03 17:12:10

Polkadot Treasury Reassures Community Amid Concerns Over 2-Year Budget Runway

Polkadot’s treasury holds just under $245 million in assets, but recent reports have caused concerns about its budget sustainability over the next two years. These worries stem from a Polkadot treasury report suggesting the project’s budget would only last two years at the current spending rate. “Polkadot’s Treasury is becoming more complex and harder to grasp,” said Tommi Enenkel, the head ambassador, in a June 28 report for the first half of 2024. He highlighted that Polkadot is spending directly and allocating value in bounties and collectives for future use. “At the current rate of spending, the Treasury has about

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