Proof of Income
This section explains about the proof of income included in the credit scoring model.
Proof of Income of the users can be in any forms. It may be monthly salaries, token whitelist, invoices, etc. If a user starts receiving their income in form of USDC or a part of income in form of USDC and associate with their income, it would be taken under the income scoring.
There are three forms of income followed by Kinn:
Monthly Salaries: In case of monthly salary would have to undergo employment verification and post verification, they can set their DCA accounts for receiving payments from their employers in form of USDC.
Invoices: Users can raise on-chain invoices and receive payments from their clients against their services in form of USDC on-chain in their DCA Account.
Token Whitelist: If a user works for a crypto firm and has token issuance in form of salaries in form of whitelist or airdrop, they can receive it in their DCA wallets.
If a user proves any form of income from the above they are distributed scores as follows:
Monthly Salaries: 100% (In this case, if a user proves monthly salary they receive 100% score allocation of proof of income segment.
Invoices: 1<5: 50% 6<20: 80% 21<x: 100%
Token Whitelist: 25%
Last updated