Proof of Usefulness Report

ChainSafe Systems

Analysis completed on 2/14/2026

+572
Proof of Usefulness Score
Industry Mainstay

ChainSafe Systems is a verifiable, high-impact blockchain R&D firm with significant funding ($18.75M Series A) and critical infrastructure products (Lodestar, Web3.js). However, the project submission is of extremely poor quality, containing false claims about audience reach ('everyone'), confusing financial metrics ('all time marketcap: 2500000'), and zero verifiable evidence of traction ('most people have used my product'). The final score reflects the high intrinsic value and verified reality of the company (Team ~120, not 350; strong dev adoption), significantly penalized for the lack of effort and reliability in the submission data.

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+225.0
Audience Reach Impact+60.0
Technical Innovation+142.5
Evidence Of Traction+106.3
Market Timing Relevance+85.0
Functional Completeness+2.5
Subtotal+621.3
Usefulness Multiplierx0.92
Final Score+572

Project Details

Project URL
Description
ChainSafe Systems is an R&D firm specializing in blockchain and web3 infrastructure. We believe that empowering developers with blockchain-agnostic tools is essential for the future of decentralized systems.

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