2.3.2.1 Introduction

The CreDA Credit Oracle for the Elastos Smart Chain is structured as follows:

Transaction Volume

• Based on the USD value of ELA token transactions before and up till December 31, 2023. If the transaction volume is greater than 1000 USDT, a weight of 1 to 5 points can be obtained depending on the different levels of the transaction volume.

Interaction Count

• Before and up till December 31, 2023, if the address has more than 10 historical transactions, it will receive a weight of 1 to 4 points depending on the number of transactions.

User Activity

• Before and up till December 31, 2023, if an address has transaction records in more than one month (including non-consecutive months), it can receive a weight of 1 to 8 points depending on the number of months in which transactions have been active.

Wallet Balance

• Before and up till December 31, 2023, if the address balance at the time of the ELA snapshot is greater than 10 ELA, it can receive a weight of 1 to 5 points depending on the balance.