Credit SBT

Credit SBT, short for Soul Bound Token, is a non-fungible token (ERC-721) that cannot be transferred to others, making it a unique form of NFT. Anyone in the Coinmeca ecosystem can obtain their own Credit SBT, which serves as their identity and identification within the ecosystem. Within the ecosystem, individuals' creditworthiness is evaluated based on specific activities associated with different services. This evaluation is measured in two units: credit points and scores. Each point and score have their own utility that can be used for various purposes in the future. Therefore, obtaining SBT issuance is necessary to access and utilize the utility of these points and scores.

Rating

Users can accumulate credit points and scores by actively participating and contributing to activities within the ecosystem. The more beneficial the activity to the ecosystem, the higher the points and scores increase, while detrimental activities may lead to a decrease, potentially resulting in negative points and scores. Each unit accrues at varying rates based on its purpose, and their utility varies accordingly for future usage.

Score

Scores are units acquired through specific activities and can increase or decrease based on those activities. Scores can also serve as auxiliary indicators for governance-related aspects in the future. This system aims to empower users who have consistently contributed to beneficial activities within the ecosystem with more benefits and a stronger voice, thereby fostering the growth of the ecosystem together.

Increased activity

Activities	Scores
Vault Deposit	2
Market spot order	1
Claim spot limit order	1
Close position	1
Liquidate position	2

Reduced activity

Activities	Scores
Vault Withdrawal	-2

Point

Points are units awarded based on specific activities, with a value of 1 point = 1 MECA. Therefore, users can obtain unsecured loans using credit points accumulated through activities.

As users accrue credit points through activities and utilize them for loans, their points will be deducted. Therefore, until the points are repaid and the score is restored, obtaining additional credit loans becomes difficult.

노트

The use of credit points for loans is planned for future support due to the current unavailability of the loan feature.

Points are primarily awarded as a portion of the total target amount in activities involving payment or receipt of other tokens, based on the MECA exchange rate at that time. Therefore, the exchange rate at the time may be more important than the percentage.

Increased activity

Activities	Points
Vault Deposit	0.5% of amount
market order	0.33% of amount

Reduced activity

Activities	Points
Vault Withdrawal	0.5% of amount

Title

Titles can be obtained through specific events. Users can collect multiple titles, and one of the acquired titles can be displayed on SBT.

노트

The title feature has been fully implemented, but its system has not been fully defined yet. Therefore, we plan to provide more detailed information on this feature in the future and update the content accordingly.

Details

Credit SBT

1. The user address is displayed.
2. The registry number is displayed.
3. The nickname is displayed.
4. The title is displayed.
5. The credit scores is displayed.
6. The credit points is displayed.