Polkadot

Coin

<ul>
 <li>Polkadot treasury spent 3.9 million DOTs, equivalent to $21 million, as of October 18, 2023.</li>
 <li>The project spent only 1.7 million DOTs, worth $13 million last year.</li>
 <li>Development spending accounted for half of the total amount spent by the Polkadot treasury this year.</li>
</ul>
According to reports, the <a href="https://coinedition.com/polkadot-treasury-report-reveals-over-60-surge-in-spending-for-2023-q3/" rel="noopener noreferrer nofollow">Polkadot treasury</a> had spent 3.9 million DOTs, equivalent to $21 million, as of October 18, 2023. That is a significant increase from the 1.7 million DOTs, worth $13 million it spent last year.
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 As of October 18, the Polkadot treasury has spent a total of US$21 million (3.9 million DOTs) in 2023, compared with US$13 million (1.7 million DOTs) last year. Development spending accounts for half, outreach spending 38%, operating expenses 9%, and research and other 2%.…— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1715303262709272657?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 20, 2023</a>
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Referencing a <a href="https://forum.polkadot.network/t/polkadot-treasury-report-2023-q3/4333" target="_blank" rel="noopener noreferrer nofollow">report</a> posted on the Polkadot network’s forum, Colin Wu, a Chinese crypto-focused reporter, noted that development spending accounted for half of the total amount spent by the Polkadot treasury this year. Wu also observed that outreach spending gulped 38% of the budget while operating expenses consumed 9% of the total budget.
Although Polkadot-rela…
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/polkadots-treasury-spending-doubles-in-less-than-one-year/">Polkadot’s Treasury Spending Doubles in Less Than One Year</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Polkadot’s Treasury Spending Doubles in Less Than One Year

Coin Edition

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