Proof of Usefulness Report

CryptoSimple

Analysis completed on 1/19/2026

+19
Proof of Usefulness Score
You're In Business

CryptoSimple is a legitimate but struggling DeFi robo-advisor registered in France (2021). The submission contains hyperbolic falsehoods (claiming 'most people have used my product'), while independent verification reveals minimal traction (approx. 21 Trustpilot reviews) and significant red flags, including user reports of withdrawal difficulties and a low 2.5/5 trust rating. While the technical concept of a DeFi robo-advisor is valid, the execution appears risky, fees are high, and the project lacks the audience reach claimed.

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Score Breakdown

Real World Utility+15
Audience Reach Impact+5
Technical Innovation+50
Evidence Of Traction+5
Market Timing Relevance+40
Functional Completeness+5
Subtotal+17
Usefulness Multiplierx1.08
Final Score+19

Project Details

Project URL
cryptosimple.app
Description
CryptoSimple is an innovative, simple way to invest in cryptocurrencies. Investing in cryptocurrency via CryptoSimple eliminates the hassles associated with wallet creation or long hours researching which cryptos to buy. We help people invest by building a portfolio of various types of DeFi products, based on their financial goals and risk appetite.\n\nThe user simply has to answer a few questions about their crypto knowledge, a risk assessment, and their investing goals, to ensure that our robo-advisor selects the best risk profile for them. Once they’ve made their first deposit, all they need to do is sit back and relax. From here on out, we'll handle everything.
Audience Reach
everyone
Target Users
everyone
Technologies
Blockchain, Defi, Investing
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