RootData Transparency Alert: Missing core information for projects like Beatcoin, Ink Finance, NXT, etc.

ChainCatcher message, the Web3 asset data platform RootData posted daily transparency alerts on Twitter (X). Concerns have been raised about the funding information of projects such as Beatcoin, Ink Finance, NXT, XDC Network, Eventflo, and others. Projects are urged to submit/update their information on RootData to improve their transparency scores. Additionally, RootData stated that it will continue to monitor and expose “black box” projects that lack core information.

It is reported that the RootData transparency score is used to measure the integrity and timeliness of projects, aiming to reflect the project’s information disclosure status. The transparency scores are graded from A to F in five levels, with lower scores indicating less complete information disclosure and higher risk of malicious activity. Investors should remain highly vigilant.