Proof of Usefulness Report

IBidGames

Analysis completed on 2/10/2026

+17
Proof of Usefulness Score
You're In Business

The project 'IBidGames' appears to be a legacy 'Penny Auction' platform (founded c. 2013) with no verifiable current traction. The submission contains significant red flags, including demonstrably false hyperbolic claims (e.g., 'most people have used my product', audience is 'everyone'). While the company historically raised ~$500k in seed funding (2011), the business model is controversial, the market timing is poor (the penny auction trend peaked over a decade ago), and the submission provides confused financial metrics ('marketcap' vs revenue). The low score reflects the lack of credible evidence, the predatory nature of the business model, and the zombie status of the project.

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Score Breakdown

Real World Utility+5.00
Audience Reach Impact+2.00
Technical Innovation+1.50
Evidence Of Traction+3.75
Market Timing Relevance+2.00
Functional Completeness+0.25
Subtotal+14.5
Usefulness Multiplierx1.15
Final Score+17

Project Details

Project URL
ibidgames.com
Description
iBidGames is an interactive auction game that capitalizes on Facebook's social login and network. It has been created and is wholly owned by Interactive Bid Games, Inc. iBidGames is currently the only game within the mobile that actually allows players to monetize their iBidCredits for tangible prizes just for one dollar (i.e. iPad, laptops, xbox ,watches , etc). The game has been uniquely designed utilizing technology and copyright applications, which will significantly change and legitimize the Bid Fee Auction arena.

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