Proof of Usefulness Report

Byte Tree

Analysis completed on 1/16/2026

+376
Proof of Usefulness Score
Certified Problem Solver

ByteTree is a legitimate, established provider of crypto-asset data and investment research (founded by Charlie Morris, ex-HSBC). While the submission itself was of extremely poor quality (containing false claims like 'most people have used my product' and 'everyone'), external verification confirms the project exists, has verifiably launched financial products (BOLD ETF), and holds a respectable reputation in the niche institutional investment sector. The score reflects the solid real-world utility and verified traction, significantly penalized by the lack of effort and accuracy in the submission.

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Score Breakdown

Real World Utility+187
Audience Reach Impact+30
Technical Innovation+90
Evidence Of Traction+37
Market Timing Relevance+70
Functional Completeness+2
Subtotal+417
Usefulness Multiplierx0.90
Final Score+375

Project Details

Project URL
Description
ByteTree has built a first-of-its-kind live data terminal for tracking digital asset networks in real time. The ByteTree terminal enables professional investors and funds to conduct due diligence on crypto-asset networks, fulfilling their fiduciary responsibly as well as managing their position size in keeping with the state of the market. Our network data is available to researchers, investors and traders through our API, on a freemium model.
Audience Reach
everyone
Target Users
everyone
Technologies
Blockchain, Developer Tools, Research
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