Credit Rating System

Rh!noX is encoded with a self-developed on-chain behavioral analysis model. It allows Rh!noX to conduct behavior analysis and generate credit ratings based on data such as the owner's behavior and trading history of the wallet address bound to Rh!noX.

Credit card company's credit calculation system, FICO Scores, is a great reference. With a similar framework, actions performed by the wallet address bound to a Soulbound Token will directly affect the credit rating.

Reference Chart

Here is a breakdown of the factors in your credit rating (For debt related, it’s subjected to the loan service that comes with this entire ecosystem):

Total Asset The total value of liquidity on your account, which means NFT will not be considered in this calculation.

Trading Volume This measures the consistency of your credit profile. It defines the wallet’s degree of risk, and a rollercoaster-like turnover could be a red flag in this case.

Debt Asset Ratio As the name implies, an individual with liabilities higher than available assets will have a relatively lower credit score than individuals with a healthy debt asset ratio.

Used Type Of Smart Contracts Every transaction through smart contracts is immutable and transparent. If an address involves flawed and prodigal smart contracts, it will definitely influence its credibility.

Total Gas Fee Spent The total gas fee spent on-chain reflects user activity logs and spending behavior, which means that merely having a lot of assets in your wallet will not be able to manipulate the credit system.

Length Of Credit History The age of your credit history also matters. The older your credit lines are, the easier it is for lenders to see proof that you’re responsible at managing debt.

By trading Rh!noX to another user, the transition from one owner to another will not affect the credit rating. In actuality, the accumulated credit score is connected to a Rh!noX NFT and could be transferred to another user. The two main reasons for this mechanism:

• Encourage the original holder to be an active member in facilitating the global digitalization

• The option to trade the NFT with a higher price according to the accumulated credit level (Hence, non-owner will be able to join as Soulbound Token is naturally scarce, but with a higher threshold)