According to a ChainCatcher report, RootData, a Web3 asset data platform, has issued a daily transparency alert on Twitter (X), highlighting that key information is missing for several projects, including Only Layer, LITAS.IO, Reltime, Lithosphere, and APX Lending. RootData urged these project teams to submit or update their information on the platform to improve their transparency scores. Additionally, RootData stated that it will continue to monitor and expose "black box" projects that lack essential information. It is reported that RootData's transparency score measures the completeness and timeliness of a project's information, aiming to reflect the extent of its information disclosure. The transparency score is divided into five levels, from A to F, with A being the highest. A lower score indicates incomplete information disclosure and a higher risk of malicious activity, and investors are advised to exercise caution.
RootData Transparency Alert: Only Layer, Reltime, and APX Lending Lack Core Information
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Summary
Crypto scam alert: Web3 data platform RootData has highlighted Only Layer, LITAS.IO, Reltime, Lithosphere, and APX Lending for missing core project data. The platform urged project teams to update their disclosures to improve their transparency scores. RootData will continue to expose projects with incomplete on-chain news. Its scoring system grades projects from A to F, with lower scores indicating higher risk and inadequate disclosure.
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