Proof of Usefulness Report

Amun / 21Shares

Analysis completed on 1/10/2026

+701
Proof of Usefulness Score
Category Standard

21Shares is a market-leading issuer of crypto Exchange Traded Products (ETPs) with over $4 billion in Assets Under Management (AUM), significantly exceeding the user's claimed $2 billion. The project demonstrates exceptional real-world utility by bridging traditional finance and cryptocurrency for institutional investors. However, the submission quality is critically low, characterized by a non-professional user handle ('ShadowFang'), incorrect tags ('space-technology'), and hyperbolic claims ('most people have used my product'). Despite the poor submission effort, the verifiable independent data confirms 'Unicorn' status, resulting in a high score driven by verified traction and market timing.

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Score Breakdown

Real World Utility+202
Audience Reach Impact+119
Technical Innovation+78
Evidence Of Traction+237
Market Timing Relevance+95
Functional Completeness+5
Subtotal+737
Usefulness Multiplierx0.95
Final Score+701

Project Details

Project URL
Description
Amun is a leading cryptocurrency issuer which aims to make purchasing crypto more\naccessible, and efficient.\n\n\nUnder its 21Shares brand, Amun is the world's largest issuer of crypto exchange-traded\nproducts (ETPs). The 21Shares suite of ETPs has simplified access to crypto for both\ninstitutional and retail investors in the traditional finance community. In a similar fashion,\nAmun aims to provide tokens that will make it easy for the crypto community to access\nsophisticated strategies that are not otherwise readily available in this space. Amun 21Shares is a\nteam of entrepreneurs, engineers, and financial product developers who are uniquely\nplaced to revolutionize cryptocurrency investing through the issuance of our broad range\nof tokens. Our goal is to make these tokens present a new paradigm in cryptocurrency\ninvesting and to facilitate their use.\n\n\nOur investment in superior technology and automation has enabled us to both release\nproducts, as well as work directly with top organizations including the Bitcoin Cash Foundation,\nBitcoin Suisse, Binance, Bitwise, Coinbase, FlowTraders, Sygnum, and the Tezos Foundation\nas launch partners or customers of Onyx, our full stack issuance platform.
Audience Reach
everyone
Target Users
everyone
Technologies
Space Technology, Consumer Goods, Automation
Traction Evidence
most people have used my product

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline