RootData, a Web3 asset data platform, has issued a transparency alert highlighting concerns over the funding information of several projects, including Netswap, Hydranet, and Ubeswap. The alert, shared on Twitter, calls for these projects to update their information to improve transparency scores.
RootData's transparency score evaluates the completeness and timeliness of a project's information disclosure, with scores ranging from A to F. Projects with lower scores are considered higher risk due to incomplete disclosures. RootData plans to continue monitoring and exposing projects that lack essential information, urging investors to exercise caution.
RootData Flags Transparency Issues in Netswap, Hydranet, Ubeswap
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