Who Audits the Auditors? Smart Contract Audit Token (SCATDAO) to Hold a Public Sale on KICK․IO

PRESS RELEASE. The world of audit has at all times had an inherent downside, the battle of curiosity that comes from paying for audit providers. Auditors are supposed to be unbiased of their shoppers, however how are you going to be unbiased if you find yourself auditing your employer? With numerous situations of paid auditors issuing fraudulent attestations to maintain their shoppers glad – say, Enron, WorldCom, and Tyco, to call just some – the world is lastly waking as much as the necessity for different decentralized and unbiased options.

That’s why we’re enormously excited to be internet hosting SCATDAO’s public sale on the KICK.IO launchpad. Funded by Project Catalyst, Smart Contract Audit Token Decentralized Autonomous Organization (SCATDAO) is a brand new audit paradigm that performs decentralized, really unbiased good contract audits on Cardano, redefining the best way audits are chosen, carried out, and financed.

It has been clear from the start that to make sure DeFi mass adoption the ecosystem requires unbiased audits utilizing a constant set of requirements for certification of the code, in addition to rigorous evaluation of the challenge’s growth crew and its legitimacy. Nevertheless, the present system leaves the door open for Dev groups to affect their audit outcomes. Not solely does the present payment mannequin solid the independence of many auditors into doubt, it additionally creates a system of inequality, the place solely well-funded dev groups can afford an audit.

That’s why SCATDAO was designed to keep away from this inherent battle of curiosity by creating a singular funding mechanism that self-finances their operations in order that independence is at all times maintained. The token holders would be the ones who select the tasks they take care of and need to be audited by a streamlined, standardized, and automatic course of. This methodology additionally offers crucial infrastructure to Cardano by providing a free useful resource the place dev groups can get hold of a complete audit, obtain suggestions on any bugs or potential exploits they had been unaware of, and reveal to most people that their protocols are protected to make use of.

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Public sale on KICK.IO

SCATDAO’s public sale will kick off on February 21, 13:00 UTC and can run till February 24, 13:00 UTC. Mark the date to keep away from the chance of lacking out.

Ticker: Audit
Price: $0.02 USD
KYC: Yes
IEO Start date: 2021-02-21 13:00 UTC
IEO End date: 2021-02-24 13:00 UTC
Total token provide: 1 Billion
Available on the market: 15,000,000. (1.5%)
Hard cap: 300,000
Payment choice: ADA, USDT, USDC


KICK.IO is a Cardano-based fundraising platform and challenge accelerator, designed to supply clear, environment friendly, and absolutely decentralized crowdfunding providers. KICK.IO is about to mature right into a cornerstone of the brand new Cardano-dominated DeFi panorama, changing into the place the place Cardano’s in depth group can come collectively to fund tasks characterised by the immense potential for future success.

Our next-generation decentralized launchpad might be constructed in accordance with the most effective DeFi trade practices, making certain real-time settlement, top-notch safety, interoperability, true decentralization, zero counterparty threat, whereas additionally being absolutely scalable to fulfill the wants of institutional traders. Unlike our opponents, we provide full assist of Cardano native tokens and a set of superior DeFi instruments that upcoming tasks must thrive and prosper.

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This is a press launch. Readers ought to do their very own due diligence earlier than taking any actions associated to the promoted firm or any of its associates or providers. Bitcoin.com isn’t accountable, instantly or not directly, for any harm or loss precipitated or alleged to be attributable to or in reference to using or reliance on any content material, items or providers talked about within the press launch.

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