Proof of Usefulness Report

carching

Analysis completed on 2/3/2026

+216
Proof of Usefulness Score
Gaining Momentum

Carching is a legitimate Malaysian mobility startup (founded 2022) offering rewards for driving and vehicle advertising ('KM to RM'). External verification confirms they have generated revenue (~$170k USD in 2023) and raised seed funding (~$500k). However, the project submission itself was of very low quality, containing demonstrably false claims ('most people have used my product') and missing key data ('marketcap: null'). The score reflects a 'Small but Promising' verifiable business, heavily penalized for exaggeration and a lack of professional detail in the Proof of Usefulness application.

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Score Breakdown

Real World Utility+12.5
Audience Reach Impact+1.0
Technical Innovation+3.0
Evidence Of Traction+2.5
Market Timing Relevance+4.0
Functional Completeness+0.5
Subtotal+23.5
Usefulness Multiplierx0.92
Final Score+216

Project Details

Description
We're a mobility startup that aims to improve inefficiencies that arise from status quos, starting with Asia's favourite depreciate asset, the car. We like to question global conventional practices that people usually put up with and build solutions to improve these practices that would unlock value for our users. We want to help you turn you KM into RM! We've narrowed down to a depreciating asset that has been widely accepted as one of a necessities in the modern connected world - the car. A consumer asset patented in 1886, it has made the world a smaller place, bringing people together (and in some situations, apart), fostering economic growth, improving knowledge and catalysing technology spillover. There is no denying that it has a significant positive impact on society. However, we generally discount the cost required to get to our destinations, especially to an individual owner e.g. financial cost (such as interest payments, insurance, taxes, petrol consumption, maintenance, repair and depreciation) and productivity cost (such as getting stuck in traffic jams). We at carching want to change that. Join us in making every KM count! Join us as we turn your KM into RM!

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