Proof of Usefulness Report

Baanx Group Ltd.

Analysis completed on 1/23/2026

+585

Proof of Usefulness Score

Industry Mainstay

Baanx Group Ltd. is a verified, significant player in the crypto-fintech space, having raised over $35M (Series A led by Tezos/Ledger) and powering the Ledger CL Card. Despite the low-quality submission (which contained hyperbolic claims like 'everyone' and confused token market cap with revenue), external validation confirms high real-world utility, a user base of ~150,000, and solid B2B partnerships. The score reflects the project's strong fundamentals ($7M+ est. revenue, verified tech) penalized by the lack of verifiable data provided in the submission itself.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+191.25

Audience Reach Impact+120.0

Technical Innovation+120.0

Evidence Of Traction+127.5

Market Timing Relevance+90.0

Functional Completeness+2.5

Subtotal+651.25

Usefulness Multiplierx0.9

Final Score+585

Project Details

Project URL

baanx.com

Description

We are a B2B2C Service provider for Digital Asset friendly Financial Services - debit cards (physical + virtual), digital wallets, IBANs/DDA Accounts, Borrowing/Lending, remittance/FX, payment gateways and more. CL (Crypto Life) also launches white label, fully managed applications to user communities - helping the world mass adopt Blockchain Technology, Digital Assets and Cryptocurrencies - and bridging the gap between Web3 technology and the Financial Services sector.

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