Messari Founder Criticizes Top Ten Crypto Teams for Lack of Transparency

News
Wed, 12/18/2019 - 13:23
Yuri Molchan
The founder of Messari accuses Ripple, Ethereum, Binance and other top ten crypto teams of low transparency level and urges them to deal with that issue, CZ responds
Cover image via www.yo

The Messari founder and a former ConsenSys staffer Ryan Selkis has taken to his Twitter page to say that in his view the top ten and the teams of some other popular crypto projects, such as Tezos, Chainlink and Bitfinex should make their work more transparent than it is now.

He calls on the teams of Ethereum, Ripple, Litecoin, EOS, Tron, Binance, Stellar and Tether, saying that he is frustrated with their lack of engagement when it comes to transparency.

Ryan Selkis explains his claims, saying that reaching transparency is a simple thing to do and urges the community to call on those teams together since ‘what the industry needs for transparency isn’t rocket science’.

Related
XRP Is Favored by 85% Traders on Coinbase with 84 Days Hold Time

In particular, he wants to get these teams to share how they manage treasuries and coordinate communications and governance, because it is important for investors and stakeholders.

The chief of Binance, CZ, responded to that:

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

Top 10 Best Cloud Mining Sites in 2020
TOP 20 Best Bitcoin Trading Bots in 2020

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy