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🚨 Trust Score Update!
1/ We're excited to announce the our Trust Score 3.0 update, which incorporates #ProofofReserves (PoR) data for centralized #crypto exchanges to improve industry accountability.
A thread on what's new and what's to come 🧵
1/ We're excited to announce the our Trust Score 3.0 update, which incorporates #ProofofReserves (PoR) data for centralized #crypto exchanges to improve industry accountability.
A thread on what's new and what's to come 🧵
2/ With recent events highlighting the importance of accountability from CEXs, we've incorporated PoR data into our Trust Score, for centralized crypto exchanges.
3/ Trust Score 3.0 is being implemented in 2 phases.
Phase 1, which is already completed, assigns scores to exchanges based on the availability of PoR data:
Unavailable = 0 points
Audited, but no assets = 0.5 points
Available = 1 points
Available and Audited = 1 points
Phase 1, which is already completed, assigns scores to exchanges based on the availability of PoR data:
Unavailable = 0 points
Audited, but no assets = 0.5 points
Available = 1 points
Available and Audited = 1 points
