Web3 asset data platform RootData issued a daily transparency alert on X (formerly Twitter), raising concerns about the questionable funding information of projects including MBD Financials, Geeq, Waterfall Network, Synthesys, and Rubix. RootData called on these project teams to submit or update their information on RootData to improve their transparency scores. Additionally, RootData stated it will continue monitoring and exposing "black box" projects lacking core disclosures.
According to RootData, the Transparency Score measures the completeness and timeliness of a project's disclosed information, aiming to reflect its overall disclosure status. The score ranges from A to F—five levels in total—with lower scores indicating less complete information disclosure, higher risks of malicious behavior, and greater caution required by investors.[ChainCatcher]