Proof of Usefulness Report

BTCWire

Analysis completed on 2/4/2026

+9
Proof of Usefulness Score
You're In Business

The project submission for 'BTCWire' lacks verifiable data and contains significant red flags. The claim that 'most people have used my product' is hyperbolic and factually incorrect for a niche news site launched in 2023. The listed technology 'space-technology' appears irrelevant to the business model. Search analysis reveals no significant digital footprint for 'btcwire.io', suggesting the project is either inactive, extremely early-stage, or the domain is incorrect. Consequently, the project scores in the lowest tier due to lack of traction and low response quality.

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+3.75
Audience Reach Impact+1.0
Technical Innovation+0.75
Evidence Of Traction+0.0
Market Timing Relevance+2.5
Functional Completeness+0.25
Subtotal+8.25
Usefulness Multiplierx1.12
Final Score+9

Project Details

Project URL
btcwire.io
Description
BTCWire is a company that operates in the cryptocurrency and blockchain industry, providing news, analysis, and insights on Bitcoin and other digital currencies. Through its platform, btcwire.io, the company offers up-to-date information on market trends, technological advancements, and regulatory developments affecting the cryptocurrency space. BTCWire aims to be a reliable source for investors, enthusiasts, and professionals seeking to stay informed about the rapidly evolving world of digital assets.

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