Proof of Usefulness Report

Bancannabis.org

Analysis completed on 2/3/2026

-1
Proof of Usefulness Score
Lab Mode

The project exhibits multiple red flags indicative of a low-quality or potential scam initiative. The claim 'most people have used my product' is demonstrably false for a niche cannabis blockchain platform. External indicators show the associated token has $0 liquidity and trading volume, suggesting a dead or non-existent economy. Scam detection tools flag the domain with medium-to-high risk. The description relies on buzzwords without detailing a functional mechanism, and the provided email address is malformed.

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+1.25
Audience Reach Impact+0.00
Technical Innovation+0.00
Evidence Of Traction-2.50
Market Timing Relevance+0.50
Functional Completeness+0.25
Subtotal-0.5
Usefulness Multiplierx1
Final Score+0

Project Details

Description
We promote the world's first decentralized digital open community for cannabis ecosystem, a inclusive community in which any person, organization or company interested in research, develop and/or investment in initiatives in the Cannabis sector can find comprehensive solutions that facilitate access to Tokenized economies based on digital governance, decentralization offered by Blockchain technology.

Algorithm Insights

Market Position
Early stage requiring focused development
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