What is a Double Audit System and how does it work? Why is it the Key Feature of SweetPad?
To answer the two questions in the title of the article, we need to deviate a little from the main topic and refer to a few questions directly related to the topic, the clarification of which will make today’s main topic more comprehensible.
The problems in finance management
Suppose you have finance that you have outsourced to the other party to maintain or put into circulation and you have some interest in it. If we look at it very globally, it is possible to lose that whole finance or a part of it in 3 situations. In the first situation, the loss of money occurs as a result of the money owner’s or let’s say your mistake, in the second situation it happens through the fault of the second party managing the money, and in the third situation, it’s the result of third party intervention. Of course, these situations are not independent of each other, that is, they can not happen without the so-called “guilt share” of the other parties or at least one of them. Now let’s look at each of the situations and try to speak more clearly.
The third situation may occur if you have a financial loss as a result of the intentional interference of a third party or if certain actions taken by a third party indirectly result in a loss of money. In other words, roughly speaking, there may be someone or an “institution” who steals that money or has leverage and carries out actions as a result of which your money will depreciate or become zero at all. In this case, the fault of the second party lies in the fact that it did not take appropriate measures to keep your money as safe as possible or not devalue it, and the fault of the first party, that is, of not assessing the risks correctly and unreasonably giving the money to the other party. In the second situation, you may lose the money again as a result of intent or due to circumstances, that is, either the representative of that party may simply steal the money or use it in an illiterate manner, causing you financial losses. Here, not only the second party is to blame, but also the first one, because without analyzing and recognizing, it trusted the second party and its financial policy. And in the first case, you can lose money if you make a miscalculation — give it to scammers or an unreliable second party to save, as a result of which it can easily be stolen, invest in a second party project that is not profitable, invest it in a trusted second party project or give it to that party to save, but under the influence and the situation accused by the third party that may lead to financial loss. The right way out of all these situations already exists today․․․
Trust — as the most expensive thing
The most expensive thing is trust. People understood this very well, so they continued their tries to create tools that would be able to insure people against scammers, to show the potential opportunities that could be used to generate a lot of money with little risk. Audit companies were established, which first were able to prove their effectiveness and reliability through their activities, then they had the legitimacy to audit, analyze and evaluate new projects and their potential. This already solved the problems that arose in the second and first situations, creating a high-quality, trust-based & effective connection between the first and second parties and excluding the existence of scam projects in the field. But the risks were still there!
Safety without third-party control
It took many years for people to figure out how to get rid of third-party control over their financial relationships. As a result, the blockchain system was created, which is now the most secure system for storing and transmitting information due to the implementation of cryptography, decentralized logic, and a consensus system. The existence of a blockchain allows both interested parties to engage in financial activities without control, which was a very effective tool in minimizing the third-party factor. Blockchain security solved the problem of losing money in the third situation. And why was this long introduction so important?
Our approach — Double Audit System
We wanted to explain the main advantage we have — the existence of the Double Audit System. Unlike other projects, we have a well-designed system that allows us to filter the projects we want to launch on our platform not once, but twice, eliminating the existence of scams or unprofitable projects with weak potential here. The first filtration of projects is carried out by our specialized team, which pays attention to some factors: tokenomics, team, reliability, prosperity, etc., and already the second filtration is performed by independent auditors, about whom information is closed to all, thus excluding corruption risks.
Such a thorough study will inevitably lead only to the launch of high-quality projects on our platform, that is, our customers will not be deceived or financially affected. This is the key advantage of ours, cause we consider ourselves a customer-centric platform, meaning that our activity is fully vectored to financial stability, prosperity & education, as well as the well-being and happiness of our beloved community. So as you understand this double filtration mechanism will bring only profitable and reliable projects to our platform, thus avoiding scams and low-quality products. We are a new platform, but we are already listed on CoinMarketCap, which is a great indicator of our reliability. We are working hard to get involved in new platforms, which will indicate that it is worth working with us. Your risks are minimized and will be minimized day by day, let us reach new heights together.
Follow us on the following platforms:
Website / Telegram / Twitter / Facebook / Instagram / Reddit / Discord / Tiktok / YouTube
