Proof of Usefulness Report

Covest Finance

Analysis completed on 1/18/2026

+1
Proof of Usefulness Score
You're In Business

The project submission contains significant red flags, including a demonstrably false traction claim ('most people have used my product') and an inactive or non-indexed domain (covest.finance). The description is incomplete, cutting off mid-sentence, and relies on generic buzzwords (Blockchain, AI) without technical substance. With 'null' revenue and no verifiable footprint, this project fits the 'No verifiable traction' category, resulting in a near-zero score.

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Score Breakdown

Real World Utility+0
Audience Reach Impact+0
Technical Innovation+0
Evidence Of Traction+0
Market Timing Relevance+0
Functional Completeness+0
Subtotal+1
Usefulness Multiplierx0.85
Final Score+1

Project Details

Project URL
Description
Covest Labs: Pioneering open finance with Smart Contracts, Blockchain, and AI. Our operations focus on privacy and transparency. Serving multiple sectors, we're redefining transactions for
Audience Reach
everyone
Target Users
everyone
Technologies
Blockchain, Banking, Risk Management
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