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链上达人|Feb 21, 2025 13:27
Recently, a trend has been observed: exchanges are increasingly demanding transparency in their projects.
A typical case is @ Bybit_official launching a new coin bulletin board section, requiring projects to disclose financial and operational data. After reviewing the data released for the first phase of the SoSoValue project, it is quite comprehensive, including both on chain and off chain data.
To be honest, these data are commonplace for VCs and exchanges, but they are different for traders. When the project party voluntarily reveals their assets, everyone will have more reference basis when making transaction decisions.
For example, many projects collapsed after TGE, and when they were unlocked, they released positive news to pull in and sell, causing a lot of secondary investors to suffer. The main focus was on information asymmetry.
Now, under pressure from the exchange, the project party still needs to continue operating after TGE, striving to showcase a bright performance report, otherwise it may face the risk of delisting and being abandoned by the market, which directly benefits secondary investors.
In fact, in traditional financial markets, disclosing financial reports by listed companies is a basic operation, but it seems to have never happened in the cryptocurrency industry. Now, Bybit has taken the lead and become the first cryptocurrency exchange to require project disclosure of financial reports, which is not only responsible to platform users, but also expected to be referenced by the industry and promote transparency in the cryptocurrency market.
It is worth noting that after Bybit released its SoSoValue financial report, The SOSO token has risen by 80% in line with the trend, which shows the market's recognition of this measure. We look forward to more and more exchanges and project parties responding to @ KaitoAI
Click here to view: https://announcements. ((bybit.com))/zh-MY/article/listing-billboard---soso-blt33cffbe79993cea1/
Click here to register: https://www. ((bybit.com))/invite? ref=POM7JV
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