Proof of Usefulness Report

FilingReader

Analysis completed on 3/12/2026

-52.25

Proof of Usefulness Score

Lab Mode

The submission contains major red flags, including absurd and unverifiable claims regarding traction ('most people have used my product') and vague financial metrics ('all time marketcap: 500000'). While the core concept of translating stock exchange filings holds some real-world utility, the extreme lack of credible evidence, unsubstantiated reach, and poor response quality result in a negative score.

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Score Breakdown

Real World Utility+50.0

Audience Reach Impact-10.0

Technical Innovation+7.5

Evidence Of Traction-100.0

Market Timing Relevance+10.0

Functional Completeness-5.0

Subtotal-47.5

Usefulness Multiplierx1.1

Final Score-52

Project Details

Project URL

filingreader.com

Description

FilingReader is an online database of stock exchange filings published by companies listed on major exchanges around the world. Get instant filing translations, create RSS feeds, set up email notifications, and create watch lists.

Algorithm Insights

Market Position

Early stage requiring focused development

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