Web3 Projects Urged to Enhance Transparency Amid Concerns

According to ChainCatcher, Web3 asset data platform RootData has issued a daily transparency alert on Twitter (X), raising concerns about the funding information of projects such as MBD Financials, Geeq, Waterfall Network, Synthesys, and Rubix. RootData is urging these projects to submit or update their information on its platform to improve their transparency scores. Additionally, RootData has committed to continuously monitoring and exposing 'black box' projects that lack essential information. RootData's transparency score is designed to assess the completeness and timeliness of a project's information disclosure. The score ranges from A to F, with lower scores indicating less comprehensive information disclosure and higher risks of misconduct. Investors are advised to exercise caution with projects that have lower transparency scores.