Proof of Usefulness Report

Coinhako

Analysis completed on 1/18/2026

+647
Proof of Usefulness Score
Category Standard

The project URL points to Coinhako, a prominent, MAS-licensed cryptocurrency exchange in Singapore founded in 2014. External verification confirms significant scale (~$23M USD revenue in 2024, 400k+ users, 112+ employees), placing it well above the calibration reference. However, the submission itself is of extremely poor quality (incorrect project name 'ThunderStorm', hyperbolic claims like 'everyone', and zero provided evidence). The high score reflects the verifiable reality of the business, while the low Quality Factors and Response Quality score heavily penalize the lazy submission.

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Score Breakdown

Real World Utility+2
Audience Reach Impact+2
Technical Innovation+1
Evidence Of Traction+2
Market Timing Relevance+1
Functional Completeness+0
Subtotal+703
Usefulness Multiplierx0.92
Final Score+647

Project Details

Project URL
Description
Founded in 2014 by Singapore entrepreneurs, Coinhako was created with a simple value proposition – to create a simple and hassle-free way to access Bitcoin. Over the years, we have expanded on this to provide access to a wide variety of digital assets, as we work towards our vision of enabling access to the crypto-economy across Asia.\n\nWe are widely recognized as one of the easiest platforms for retail buyers, boasting robust features, user-centric design, and uncomplicated trading processes, to provide secure and seamless access to a wide variety of cryptocurrencies.\n\nCoinhako is available on web browsers, the App Store, and Google Play store.
Audience Reach
everyone
Target Users
everyone
Technologies
Blockchain, Investing, Web Development
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