A good WLC score is very important for a project. The highest possible WLC score is 10, but it can also go into negative numbers.
The WLC score is based on the project's overall Reputation Score and Privacy Score. The highest possible score for both Reputation and Privacy is 10, and both scores can also become negative.
Factors That Affect the Reputation Score
Project Age: A project that has been operating for five years has a massive advantage over a project that launched recently.
Community Presence: Being active in crypto communities can improve the overall reputation score. Projects with multiple active communities have an advantage over projects with only one or no active community.
Guarantee Fund: A project that offers security for its users, such as escrow with a trusted member or community, can achieve a better reputation score than a project with no protection funds for customers. For newly launched projects, a guarantee fund can help to build a positive reputation more quickly, even compared to older projects.
Own Liquidity/Bankroll: A service with its own liquidity or bankroll has a higher reputation score than a service without its own reserve funds. Having a reserve helps customers trust the business and its services more.
Code Audited by Third Party: Having the application code audited by a trusted third party can slightly improve a project's reputation. Open and audited code helps show that nothing suspicious is happening without the customers' knowledge.
List Status Scoring: If a project is identified as a "Scam," its reputation score will become negative. We strongly advise avoiding any "Scam" project. On the other hand, "Approved" and "Verified" status can add reputation points, which helps improve the overall WLC score.
Potential Risk A project marked as "Potential Risk" may also receive negative reputation points. In some cases, if the risk is very low or almost negligible, the system may not reduce the overall reputation score.
Feedback: Positive feedback can quickly increase your reputation score. Neutral feedback also increases it, but at a slower rate. Negative feedback, however, can significantly lower your overall reputation score. We advise all project teams to treat customers fairly.
Good Customer Support Average Rating A service that has recovered and maintains a 5-star customer support rating has a higher reputation score than a service with no customer support rating.
Ownership verified We encourage project owners to complete "Ownership Verification" to earn additional reputation points from the system.