Proof of Usefulness Report

Golix

Analysis completed on 1/22/2026

-45
Proof of Usefulness Score
Lab Mode

The project 'Golix' is a defunct Zimbabwean cryptocurrency exchange that ceased operations in 2018 following a regulatory ban by the Reserve Bank of Zimbabwe. There are well-documented reports of lost customer funds (approx. 33 BTC) and the platform is currently inactive. The submission contains multiple false claims ('audience reach: everyone', 'most people have used my product') and red flags indicative of a zombie project or spam. Due to the complete lack of current utility, verifiable negative traction (scandals/bans), and hallucinatory submission details, the score is penalized to the negative range.

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Score Breakdown

Real World Utility+1.25
Audience Reach Impact+1.00
Technical Innovation+1.50
Evidence Of Traction-18.75
Market Timing Relevance+0.50
Functional Completeness+0.00
Subtotal-14.5
Usefulness Multiplierx1.05
Final Score-45

Project Details

Project URL
golix.com
Description
Golix is a cryptocurrency exchange platform that was primarily focused on the African market. It provided a marketplace for buying, selling, and trading various cryptocurrencies, including Bitcoin and Ethereum. Golix aimed to facilitate easier access to digital currencies for users in Africa, promoting financial inclusion and offering a secure platform for cryptocurrency transactions. The company also worked on expanding its services to include more financial products and solutions tailored to the needs of its users.

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