Proof of Usefulness Report

Binomo

Analysis completed on 1/15/2026

+519
Proof of Usefulness Score
Industry Mainstay

Binomo is a widely recognized, high-volume trading platform established in 2014 with millions of active users, placing it in the 'Much Larger Scale' calibration tier. However, the evaluation is tempered by significant regulatory red flags (lack of top-tier licensing, warnings in multiple jurisdictions) and an extremely low-quality submission that relied on hyperbole ('most people have used my product') rather than verifiable data. While the platform's reach and traction are undeniably high, the Proof of Usefulness is impacted by the speculative/high-risk nature of the utility and the lack of effort in the project submission.

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Score Breakdown

Real World Utility+150
Audience Reach Impact+144
Technical Innovation+37
Evidence Of Traction+180
Market Timing Relevance+50
Functional Completeness+2
Subtotal+564
Usefulness Multiplierx0.92
Final Score+519

Project Details

Project URL
Description
Binomo is an online trading platform that offers users the ability to trade a variety of financial instruments, including binary options, on a user-friendly interface. The platform is designed to cater to both novice and experienced traders, providing educational resources, analytical tools, and a demo account to practice trading strategies. Binomo is known for its competitive trading conditions, including low minimum deposits and a wide range of assets to trade. The company emphasizes customer support and security, ensuring a reliable trading environment for its users.
Audience Reach
everyone
Target Users
everyone
Technologies
Investing, It Services
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