Web3 Projects Urged to Improve Transparency on RootData

According to ChainCatcher, Web3 asset data platform RootData has issued a daily transparency alert on Twitter (X), highlighting several projects, including Only Layer, LITAS.IO, Reltime, Lithosphere, and APX Lending, for missing core information. RootData is urging these projects to submit or update their details on the platform to enhance 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.