Source: RootData

From January 30 to February 8, 2026, the Web3 asset data platform RootData officially launched the 3rd and 4th rounds of the transparency bounty program. This event continues the previous mechanism, focusing on popular projects recently listed on mainstream exchanges, inviting the community to participate in information verification and supplementation regarding core financial data such as financing structure, team information, token unlocks, and key timelines.

This event has set up two main thematic directions: “In-depth Analysis of Binance's Listing Project Transparency in the Past Year,” “Review of 2026 Mainstream Exchange Listing Project Transparency.”

Prior to this, RootData had consecutively held 2 rounds of transparency bounty programs, continuing information verification focused on the trading assets with the highest market attention. This round of activity not only continues the previous data co-construction mechanism but also further expands the review scope, placing the discussion focus on the “completeness of information for projects listed on exchanges,” a core industry issue.

Approval Rate Below 30%, Revealing Structural Issues

During the 10-day event, a total of over 160 users participated in submissions. After multiple rounds of review and cross-verification, this event resulted in 190 label optimizations,364 token unlock data additions and corrections,235 key calendar information supplements,396 basic information improvements.

The overall average approval rate of this event was below 30%. This is not due to lack of enthusiasm among participants but reflects the significant objective barriers in the current Web3 project's disclosure structure. During the review process, RootData identified the following typical issues:

1. Incomplete Disclosure of Unlock Data

Some project official documents only disclose a portion of token allocation groups, for example, only publicly announcing the unlock schedules for 3 out of 5 allocation categories, leading to an inability to accurately record the overall release structure.

2. Official Information Denies or Avoids Historical Documents

After community members submitted original documents, some project parties denied their validity or failed to provide clear clarification on historical version information, leaving the data sources in a gray area.

3. Complex Structure of Inflationary Token Models

Projects using a continuous inflation mechanism have non-linear, non-fixed cycles for their release methods, making traditional unlock structures difficult to standardize and increasing data processing difficulty.

4. AI-Generated Data Lacks Factual Support

In key calendar-related data, the review team found several pieces of potentially AI-generated content that lacked clear source links or verifiable evidence. In response, RootData clearly advocates: Make good use of AI tools to enhance efficiency, but the approach must adhere to a rigorous, verifiable data attitude.“Reasonable inferences” without factual links do not equate to valid information.

Observations from the Bounty Program: Transparency is a Process, Not a Conclusion

As of now, RootData has held 4 rounds of transparency bounty activities, primarily focusing on popular assets from exchanges, continuously reviewing the financing structure, team background, and token release mechanisms of the underlying projects.

The total recorded number has reached 719 entries, involving 526 unique projects. Among them, 361 projects appeared once, 165 projects appeared repeatedly, with a duplication rate of approximately 31.4%.

This data indicates that some projects have been repeatedly submitted and verified at different stages and activities, showing the community's ongoing concern for the completeness of their information.

It is noteworthy that ,River and Audiera have been submitted and repeatedly verified in each event, their data transparency having significantly improved after multiple supplements, becoming a typical case of transparency improvement under the community co-construction mechanism.

Even after multiple rounds of verification, the transparency improvement of some projects remains limited, further confirming that: transparency cannot be achieved through a single supplement, but requires continuous verification and dynamic updating processes.

A Sustainable Data Transparency Co-construction Mechanism

In promoting transparency, RootData adheres to the following principles:

1. Transparency only does “fact disclosure,” not “value judgment”

RootData does not make subjective evaluations of projects’ strengths, weaknesses, or risks. The platform only presents whether the information is complete, verifiable, and continuously updated.

2. Transparency has a “layered” phenomenon and cannot be treated with a “one-size-fits-all” approach

Information disclosure has variations. RootData uses data status labeling and structured entry to help users understand the completeness of information in different projects, rather than simply labeling them as “good” or “bad.”

3. The entity executing transparency must be a third party

Exchanges and project parties find it difficult to assume disclosure and assessment roles simultaneously. As an independent data platform, RootData’s responsibilities are to record, verify, and publicly disclose information status, rather than to participate in investment decisions.

In conclusion, Web3, as a highly market-oriented financial environment, does not have a unified compulsory disclosure system. Against this backdrop, the improvement of transparency heavily relies on community participation and third-party continuous recording. RootData will continue to promote the transparent infrastructure of the Web3 data ecosystem through open bounties, data disclosures, and community co-construction mechanisms, providing the market with verifiable and traceable information records.

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