Proof of Usefulness Report

bit4you

Analysis completed on 2/3/2026

+12
Proof of Usefulness Score
You're In Business

The project represents a Belgian cryptocurrency exchange (Bit4You) that historically operated but suspended operations in 2023 following the insolvency of its liquidity provider, CoinLoan. The submission includes demonstrable falsehoods (claiming 'most people have used my product') and lacks current operational metrics. While the platform was once a legitimate regional entity, its current status (defunct/suspended) and the low-quality, exaggerated submission data result in a minimal score.

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Score Breakdown

Real World Utility+5.00
Audience Reach Impact+1.00
Technical Innovation+4.50
Evidence Of Traction+0.63
Market Timing Relevance+2.00
Functional Completeness+0.25
Subtotal+13.38
Usefulness Multiplierx0.92
Final Score+12

Project Details

Project URL
https://www.bit4you.io
Description
bit4you is very proud to be the first crypto exchange operating from Belgium at European level. At bit4you, we work continuously to comply with all existing regulations and strive to be in line with all anti-money laundering and terrorism financing processes. We are convinced that creating a safe environment for our customers is the key to the future of our business. bit4you operates from Brussels (Belgium) in collaboration with law firm eubelius The first activities launched on 29 August are not subject to a licence by the regulators under the current Belgian and European legislation.

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