Proof of Usefulness Report

Coinbase

Analysis completed on 1/18/2026

+779
Proof of Usefulness Score
Unicorn Utility

Coinbase is a Tier-1 cryptocurrency exchange with massive verifiable utility, market reach, and traction ($82B market cap, 100M+ users). However, the submission itself was low-quality, listing incorrect technologies ('space-technology') and providing vague anecdotal evidence ('most people have used my product') instead of concrete data. While the entity's dominance warrants a high baseline score, the poor submission quality and inaccuracy penalized the Technical Innovation and Response Quality metrics.

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Score Breakdown

Real World Utility+250
Audience Reach Impact+200
Technical Innovation+68
Evidence Of Traction+250
Market Timing Relevance+90
Functional Completeness+8
Subtotal+866
Usefulness Multiplierx0.9
Final Score+779

Project Details

Project URL
coinbase.com
Description
Coinbase, accessible via coinbase.com, is a leading cryptocurrency exchange platform that allows users to buy, sell, and manage a variety of cryptocurrencies, including Bitcoin, Ethereum, and many others. Founded in 2012, Coinbase has grown to become one of the most popular and user-friendly platforms for both beginners and experienced traders in the digital currency space. The company offers a secure and regulated environment for trading, with features such as a digital wallet, advanced trading options, and educational resources to help users understand the cryptocurrency market. Coinbase is headquartered in San Francisco, California, and is publicly traded on the NASDAQ under the ticker symbol COIN.
Audience Reach
everyone
Target Users
everyone
Technologies
Space Technology, Investing
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