WISE Score

In the decentralized Web3 realm, there lacks a standardized method to quantify and evaluate a user's overall community impact, creditworthiness, and comprehensive reputation. Furthermore, projects face significant challenges in understanding their community dynamics and accurately assessing individual user contributions and value.

WISE Credit Score solves these issues by providing an on-chain cross-chain and cross-platform assessment of users' Web3 presence and impact, enabling more informed decision-making, better resource allocation across the web3 ecosystem.

What is WISE Credit Score

WISE Score is a comprehensive index which measures users’ impact. It is the on-chain credit score of users, shaped by their achievements, network and assets. WISE Score empowers users to showcase their web3 impact.

WISE means Wealth, Identity, Social and Engagement. With tailored metrics for each dimension, WISE Score offers users a way to showcase their impact in both on-chain and off-chain activities within the Web3 ecosystem.

WISE Credit Score:

1. Showcases a user’s impact in web3 communities.

2. Empowers projects to understand their communities, and find the core contributors.

3. Makes it easier for projects and public blockchains to determine whether a user is trustworthy and eligible for more incentives.

WISE Credit Score Algorithm

The WISE Credit Score combines four key components to create a holistic assessment:

1. Wealth (W)

2. Identity (I)

3. Social Impact (S)

4. Engagement (E)

The WISE Credit Score is calculated using the simple formula:

$$\text{WISE} = W + I + S + E$$

WISE Credit Score = W + I + S + E

Wealth (W)

Wealth assessment is based on the user's attested assets over the previous week, including:

• Cryptocurrency holdings, stakings and liquidity pairs

• Assets on trading platforms

The wealth score uses a logarithmic scaling system that considers total asset value in USD, with additional points for users who have holdings on multiple blockchains.

Identity (I)

The identity score is decided by the following factors:

• Number of crypto addresses linked to the user's Incentive Passport

• Number of social networks connected

• Completion of KYC attestation through verified third parties

Social Impact (S)

Social impact is measured daily, considering a user's social network impact, for example: followers on X, subscribers in Telegram groups/channels where the user is an admin, members in discord servers where the user is an admin.

The score uses a logarithmic scaling system that accounts for the total reach across these platforms.

Engagement (E)

Engagement score reflects the user's activity in the Web3 space, including:

• Number of verified credentials on TBook

• On-chain footprints, for example, staking, minting, liquidity providing etc.

The WISE Credit Score is regularly updated to reflect changes in the user's financial status, digital presence, social influence, and blockchain activity. This approach provides a nuanced view of an individual's creditworthiness and influence in the decentralized finance ecosystem.

By considering multiple facets of a user's Web3 presence, the WISE Credit Score offers a more comprehensive evaluation than traditional credit scoring systems, making it particularly relevant for decentralized finance applications and Web3 platforms.