The rating system, dubbed ‘TOS;DR’ or ‘Terms of Service; Didn’t Read’, started off back in June this year and has been functional since then. But, the official launch is going to happen in Berlin at the Telefonica’s Campus Party 2012 tech festival. The rating system is aiming to classify popular websites on the basis of transparency of their terms of service.

“‘I have read and agree to the Terms’ is the biggest lie on the web. We aim to fix that,” reads the site. The group is going to work towards building “a transparent and peer-reviewed process to rate and analyse Terms of Service and Privacy Policies”.

The system is going to have 5 different ratings with Class A deemed to be very good and Class E deemed very bad. These ratings are based on the German energy efficiency ratings system — for services from SoundCloud to GitHub notes TechCrunch.

There are quite a few sites listed on the ‘Rated Services’ section, but most of them do not carry any rating as yet. GitHub, SoundCloud have been rated Class B; DuckDuckGo along with SeenThis has been rated as Class A; while Delicious has a rating as Class D. The sites that don’t carry a rating include the likes of Twitter, Facebook, Google, Apple Amazon, etc.