A friend to help manage reputations
Everyone knows cats are good judges of character. Kontrak is built around trust – and Tally is here to help you manage your reputation.
Meet our friend and helper, Tallycat.
Tally's job is to keep an eye on who's been fulfilling their obligations and who hasn't, and give them a rating so you can make quick decisions about who you transact with. Tally has a couple of friends who pop up from time to time too – keep an eye out for them.
About trust, and why it matters
Trust is the glue that holds us together. It's hard to win and easy to lose. People generally lend based on how much they trust each other – and the more you trust someone, the more likely you are to lend to them.
Your Tally rating starts neutral
Complete a Kontrak within terms – up a level
Miss the terms – down a level
Trust, with the emotion taken out
Trust can be abused easily – through forgetfulness, or something worse. Tallycat takes the emotion out of the decision with a clear visual system, so you can make informed choices upfront.
For our initial build we've kept things simple. Complete a Kontrak within terms and your rating goes up a level. Fail to, and it goes down. Simple.
Unrated Kontraks
A lender can set a Kontrak so it isn't rated – for example, a parent who doesn't want to affect their kid's rating if terms aren't met, but still wants to lend. This is a lender-only control.
Trusted contacts
Borrow requests are off by default (sorry, cousin Vinnie). To let someone request money from you, add them as a trusted contact. It also cuts down scams – a request through the app from a trusted contact is legit, backed by the selfie attached to the Kontrak.
No gaming the system
You can only receive a positive bump from another user once every three months, so nobody can rocket to the top. Negative bumps aren't limited though – so try to keep your end of the deal, okay?
everyone’s favourite f-word ↓
Start building your Tally rating
Download the app and complete your first Kontrak to get your rating moving.