Proof of Usefulness Report

BinaryLoop

Analysis completed on 2/11/2026

+53
Proof of Usefulness Score
You're In Business

BinaryLoop is a verified Australian IoT company (Wollongong, NSW) offering legitimate hardware (Cicada, Turtl) for waste management. However, the submission quality is critically low, containing false claims ('most people have used my product', 'audience: everyone') and confusing data ('marketcap' in revenue field). While the technology has high real-world utility and B2B potential, the lack of professional evidence and the dubious claims in the application heavily penalize the score.

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Score Breakdown

Real World Utility+21.25
Audience Reach Impact+3.0
Technical Innovation+10.5
Evidence Of Traction+5.0
Market Timing Relevance+7.0
Functional Completeness+0.25
Subtotal+47
Usefulness Multiplierx1.12
Final Score+53

Project Details

Project URL
binaryloop.io
Description
At BinaryLoop, we're reshaping the landscape of waste container tracking with our cutting-edge IoT sensor, Cicada, and our web platform, the Binary Cloud. We specialise in tracking and monitoring a range of waste containers, from stillages and skip bins to ROROs and more. Unlike traditional GPS tracking, we leverage advanced 5G connectivity and a hybrid geolocation engine to provide unmatched accuracy in tracking and monitoring your valuable assets. We provide a simple yet effective solution to prevent loss and optimise the usage of your valuable assets. Our turnkey system is designed to instantly boost bin revenue through increased rent and utilisation, reduce capital expenditure, and dramatically enhance customer service.

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