Proof of Usefulness Report

Fiat24

Analysis completed on 1/21/2026

+625

Proof of Usefulness Score

Category Standard

Fiat24 is a verified, Swiss-licensed fintech (SR Saphirstein AG) bridging traditional banking and Web3 on Arbitrum. While the submission was extremely low quality with hyperbolic claims ('everyone', 'most people'), independent verification confirms significant real-world utility, innovative NFT-based banking identity, and major partnerships with SafePal and Bitget Wallet (giving indirect reach to millions). The project is high-caliber despite the poor submission effort.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+23.75

Audience Reach Impact+12.80

Technical Innovation+13.50

Evidence Of Traction+10.50

Market Timing Relevance+8.50

Functional Completeness+0.50

Subtotal69.55 (Base 0-100)

Usefulness Multiplierx0.90

Final ScoreNaN

Project Details

Project URL

fiat24.com

Description

Fiat24 is an award-winning, Swiss licensed fintech company which brings seamless crypto spending to the masses via their dApp.

Algorithm Insights

Market Position

Strong market validation with clear user adoption patterns

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