Press release
PRESS RELEASE.Audit has had a problem since its inception, the conflict-of-interest that can arise from audit fees. Auditors are supposed to be impartial and free from the influence of clients. But how do you remain independent when auditing an employer? With countless instances of paid auditors issuing fraudulent attestations to keep their clients happy – say, Enron, WorldCom, and Tyco, to name just a few – the world is finally waking up to the need for alternative decentralized and independent solutions.
That’s why we’re enormously excited to be hosting SCATDAO’s public sale on the KICK.IO launchpad. Project Catalyst funds the research. Smart Contract Audit Token Decentralized Autonomous Organization (SCATDAO)This new paradigm in auditing performs smart contract, decentralized audits on Cardano. It reshapes the process of selecting, performing, and financing audits.
It has been clear from the beginning that to ensure DeFi mass adoption the ecosystem requires independent audits using a consistent set of standards for certification of the code, as well as rigorous assessment of the project’s development team and its legitimacy. However, Dev teams have the ability to influence audit results under the current system. The current fee structure not only makes it difficult for auditors to be independent, but also causes inequality in the audit market, which means that only those with sufficient resources can afford the audit.
That’s why SCATDAOThis funding system was developed to eliminate conflict of interest. It allows them to self-finance their operations, ensuring that they are always independent. They will decide which projects they want to audit through an automated, standardized, and simplified process. Cardano’s critical infrastructure is also provided by this free service. Developer teams will receive a thorough audit, get feedback, and be able to show the public their protocols are safe.
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KICK.IO – Public Sale
SCATDAO’s public sale will kick off on February 21, 13:00 UTC and will run until February 24, 13:00 UTC. Mark this date so you don’t miss out.
Ticker: Audit
Prices: 0.02 USD
KYC:
IEO Start date: 2021-02-21 13:00 UTC
IEO Deadline: February 24, 2021, 13:00 UTC
Total token supply: 1 Billion
There are many options available: 15,000,000. (1.5%)
It is hard to find: 300,000
Payment option: ADA, USDT, USDC
KICK.IO
KICK.IOCardano-based platform for fundraising and project acceleration, which is intended to deliver transparent, efficient, decentralized and completely decentralized crowdfunding services. KICK.IO is set to mature into a cornerstone of the new Cardano-dominated DeFi landscape, becoming the place where Cardano’s extensive community can come together to fund projects characterized by the immense potential for future success.
The next generation decentralized launchpad is built using the most current DeFi industry best practices. It will ensure real-time settlement and interoperability. We offer complete support for Cardano native tokens as well as a range of DeFi tools to help future projects thrive.
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