Proof of Usefulness Report

Bifrost Wallet

Analysis completed on 1/15/2026

+88
Proof of Usefulness Score
You're In Business

Bifrost Wallet is a legitimate, well-established non-custodial wallet, serving as the primary wallet for the Flare and Songbird networks with verified installs in the 50k-250k range. However, the submission quality was extremely poor, containing hyperbolic and demonstrably false claims (e.g., 'most people have used my product', audience is 'everyone') and missing critical data points like team size and active users. While the project's real-world utility and traction are respectable, the score is heavily penalized by the lack of credible evidence provided in the application.

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Score Breakdown

Real World Utility+23
Audience Reach Impact+4
Technical Innovation+9
Evidence Of Traction+35
Market Timing Relevance+7
Functional Completeness+0
Subtotal+79
Usefulness Multiplierx1.10
Final Score+88

Project Details

Project URL
bifrostwallet.com
Description
Bifrost Wallet is a company that specializes in providing secure and user-friendly cryptocurrency wallet solutions. With a focus on enhancing the digital asset management experience, Bifrost Wallet offers a platform that allows users to store, manage, and transact with various cryptocurrencies efficiently. The company is dedicated to ensuring high levels of security and privacy for its users, leveraging advanced technologies to protect digital assets. Through its website, bifrostwallet.com, Bifrost Wallet aims to cater to both novice and experienced cryptocurrency users, offering tools and features that simplify the complexities of managing digital currencies.
Audience Reach
everyone
Target Users
everyone
Technologies
Blockchain, Defi, Decentralization
Traction Evidence
most people have used my product

Algorithm Insights

Market Position
Growing utility with room for optimization
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