Proof of Usefulness Report

Clutch Wallet

Analysis completed on 1/18/2026

+2
Proof of Usefulness Score
You're In Business

The submission for 'Clutch Wallet' presents critical red flags indicating a lack of genuine activity or validity. The website 'clutchwallet.xyz' is inactive/unreachable. The traction claim ('most people have used my product') is demonstrably false and non-sensical for a startup. Technical tags include irrelevant terms like 'construction', and the 'Audience Reach' claim ('everyone') contradicts the project's stated mission to serve women. The project appears to be an abandoned or low-quality entry with no verifiable real-world utility or footprint.

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Score Breakdown

Real World Utility+0
Audience Reach Impact+0
Technical Innovation+0
Evidence Of Traction+0
Market Timing Relevance+0
Functional Completeness+0
Subtotal+1
Usefulness Multiplierx1.1
Final Score+2

Project Details

Project URL
Description
“It’s been estimated that only 10 to 15 percent of the people currently investing in Bitcoin are female” – Bloomberg.com\n \n18.8 million bitcoins have been released of the total 21 million that will ever be released, and with the price of 1 bitcoin already sitting at approximately USD $40,071.80, we feel that women have missed a huge opportunity to grow their wealth in this new industry.\n \nCompared to men, women have had less exposure to cryptocurrencies, and as a result, they occupy fewer positions in the cryptocurrency industry.\n \nFurthermore, women have been noticeably less influential in the building, marketing, funding and driving of the crypto industry.\nAt Clutch, we believe that the introduction of blockchain technology and cryptocurrencies will continue to transform the global economy and traditional financial market. Influencing culture, digital interactions and identity, this industry and investment class exists on the bleeding edge of finance, propelling us toward a future that is transparent, and accessible.\n \nThe first product experience in crypto is often a wallet, and here at Clutch, we want the inception of women entering crypto to be education, nurtured, simplified, void of fear and centered around community.\n \nClutch is the purse in her hand that represents women’s opportunity.\n \nIt is the clutch engaging women into this industry.\n \nAnd it is “clutch” for women that a wallet is being built specifically for them.
Audience Reach
everyone
Target Users
everyone
Technologies
Blockchain, Construction, Banking
Traction Evidence
most people have used my product

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