The popular projects in the TAO ecosystem recently completed their second season activities, and the community generally suspects that the next step will be the TGE. Interestingly, after reviewing the historical background, it was found that they attempted to raise funds through Legion ICO in April of last year, but it ultimately did not materialize due to various reasons. However, financing data from the same period shows that the project successfully completed a $6.3M funding round last year. Based on the activity pace and funding progress, the project team is steadily advancing ecosystem development, and the TGE may be the next key milestone.