Proof of Usefulness Report

Coinmiles

Analysis completed on 1/18/2026

+202
Proof of Usefulness Score
Gaining Momentum

Coinmiles is a legitimate, functioning rewards platform founded around 2018 with approximately 100,000 users and ~$1M in funding. However, the submission itself is of extremely poor quality, containing false hyperbolic claims ('most people have used my product') and irrelevant technical tags ('construction'). While the real-world utility of Bitcoin cashback is valid, the project's growth has been relatively slow (Seed stage after 6+ years) compared to category leaders. The score reflects a 'Small but Promising' project, heavily penalized for a low-effort submission.

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Score Breakdown

Real World Utility+50
Audience Reach Impact+7
Technical Innovation+10
Evidence Of Traction+20
Market Timing Relevance+60
Functional Completeness+5
Subtotal+152
Usefulness Multiplierx1.32
Final Score+202

Project Details

Project URL
Description
Coinmiles gives you free Bitcoin when you shop online or in-store. Our vision goes well above Bitcoin, we're building the reward app that the new generation has always been waiting for.\n\nCurrently partnering with over 500 top brands (Nike, Microsoft, Walmart, Sephora, Home Depot) and Visa / MasterCard.\n\nCheck us out: https://www.coinmiles.io \nEarn when you shop online: https://app.coinmiles.io\nDownload the App (Canada/USA/France): https://go.onelink.me/WidW/5c3f7ea8
Audience Reach
everyone
Target Users
everyone
Technologies
Construction, Developer Tools
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