Proof of Usefulness Report

Cyder

Analysis completed on 1/19/2026

+40
Proof of Usefulness Score
You're In Business

Cyder (getcyder.com) is a verifiable early-stage fintech and loyalty platform for credit unions, having raised ~$1M+ CAD in pre-seed funding (late 2024). However, the project submission is of extremely low quality, inaccurately describing the primary business solely as 'cybersecurity' and making demonstrably false claims about reach ('most people have used my product'). Actual web traffic is approximately 10k monthly visits, placing it in the 'Minimal Traction' category (<50k users) rather than the universal reach claimed. The score is heavily penalized by the disconnect between the submission's hyperbolic claims and the verifiable reality.

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Score Breakdown

Real World Utility+35
Audience Reach Impact+10
Technical Innovation+55
Evidence Of Traction+32
Market Timing Relevance+70
Functional Completeness+5
Subtotal+34
Usefulness Multiplierx1.15
Final Score+40

Project Details

Project URL
Description
Cyderis in the Cybersecurity Industry
Audience Reach
everyone
Target Users
everyone
Technologies
Cybersecurity Services-And-Products
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