Proof of Usefulness Report

Cofinex Exchange

Analysis completed on 2/5/2026

+19
Proof of Usefulness Score
You're In Business

Cofinex Exchange is an active but low-traction cryptocurrency platform. While it holds valid registrations with the Czech National Bank (CNB) and India's FIU, its real-world usage is negligible compared to its ambitious claims. Independent data shows extremely low website traffic (~100 monthly visitors) and a daily trading volume of ~$90k, contradicting the submission's implication that 'most people have used' it. The submission quality was poor, citing 'Internet' as the technology stack and providing verifiable falsehoods regarding audience reach.

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Score Breakdown

Real World Utility+10.0
Audience Reach Impact+1.0
Technical Innovation+0.75
Evidence Of Traction+3.75
Market Timing Relevance+2.0
Functional Completeness+0.25
Subtotal+17.75
Usefulness Multiplierx1.08
Final Score+19

Project Details

Project URL
cofinex.io
Description
Cofinex: Pioneering the Future of Digital Finance Welcome to Cofinex, an avant-garde blockchain ecosystem sculpted to redefine the landscape of digital finance. Our multifaceted platform encompasses an Exchange, Forex, Launchpad, Info, Copay Card, Cofinex Wallet, and Lend, each designed to cater to the evolving needs of the digital age. At the heart of our ecosystem lies the Cofinex Exchange, renowned for its unparalleled speed and efficiency. As one of the world’s fastest cryptocurrency exchange platforms, we boast a remarkable capacity to process over 0.4 million orders per second. Our commitment to security, robustness, and execution speed has made us a beacon for both enthusiasts and professional traders globally. The Cofinex Exchange is a gateway to a diverse range of digital currency pairs, ensuring top-notch security, liquidity, and high-speed transactions. With some of the industry's lowest trading fees pegged at 0.15% or even less via CNX Coin, we are dedicated to providing our users with affordable access to the latest blockchain and DLT technologies. Our dynamic platform continuously enriches its offering by listing new cryptocurrencies, keeping our users at the forefront of digital finance innovation. Our team is the backbone of Cofinex, comprising digital currency aficionados with over a decade of collective expertise in finance, security, and technology, honed at leading exchange platforms and corporations. In our quest for excellence, Cofinex proudly announces its regulation by The CNB (Czech National Bank) and FIU (Financial Intelligence Unit) India, underscoring our commitment to providing a secure and regulated trading environment. Our vision is bold – to ascend as the world's largest regulated exchange, setting new benchmarks in the digital finance domain. Discover the future of finance with Cofinex. For career opportunities and to learn more about our cutting-edge platform, visit us at www.cofinex.io. www.cofinex.in

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