Proof of Usefulness Report

Colu Technologies LTD.

Analysis completed on 1/18/2026

+19
Proof of Usefulness Score
You're In Business

The project 'Colu' (submitted as 'SwiftBlade') was a legitimate venture-backed startup (2014-2024) focused on local currencies, but it has recently been acquired by QRyde (July 2024) and its consumer apps (e.g., Akronite) are being discontinued. The submission contains critical errors, including a false project name and the hyperbolic traction claim that 'most people have used my product,' which contradicts the reality of its ~250k historical user base. The score reflects a 'sunsetted' project with a low-quality, spam-like submission.

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Score Breakdown

Real World Utility+5
Audience Reach Impact+2
Technical Innovation+9
Evidence Of Traction+1
Market Timing Relevance+1
Functional Completeness+0
Subtotal+18
Usefulness Multiplierx1.05
Final Score+19

Project Details

Project URL
colu.com
Description
Colu’s mission is to transform cities into vibrant and inclusive urban spaces where people feel both connected and empowered to create a stronger local economy and a healthier community.\n\nColu’s platform empowers people to bring about change by rewarding ordinary everyday actions, taken both individually and collectively. Powered by a unique City Currency, the platform facilitates rewards which challenge people to take small actions that help make city life more economically, environmentally and socially responsible.\n\nBy bringing together city residents, local businesses, commercial partners, NGOs, and local government, the platform creates a collaboration that builds a community and drives a meaningful impact.\n\n\n\n
Audience Reach
everyone
Target Users
everyone
Technologies
Social Media, Messaging Communications, Payments
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