6.1.0. Practical Session: How to Use SOC Safety Checks
Step 1: Provide an answer to each of these seven safety check questions.
The answer to each of these seven safety check questions is either “YES” or “NO.”
Step 2: Score your answers.
A “YES” answer receives a score of one (1) while a “NO” answer receives a score of zero (0).
Step 3: Give the Total Score.
Add the scores from all the safety check questions and obtain a total score.
Step 4: Check the interpretation of your total score.
Here is the interpretation:
Total Scores 0 to 3: Not Safe (that is, do not use the Lending Platform)
Total Score 4 to 5: Cautiously Safe (that is, Lending Platform Safe to use but with caution)
Total Score of 6 to 7: Very Safe (that is, Lending Platform is very safe to use).
See Table 4.
Indeed, using the SOC Safety Checks will guide you from becoming a victim of the scams that fill the Crypto Market.
