Proof of Usefulness Report

ICON Foundation

Analysis completed on 2/4/2026

+296
Proof of Usefulness Score
Gaining Momentum

The ICON Foundation is a legitimate, established blockchain entity with a verifiable market cap (~$77M+) and functional interoperability technology (BTP). However, the submission itself is of very low quality, containing hyperbolic claims ('everyone', 'most people have used my product') and lacking specific active user data. While the project falls into the 'Comparable Scale' tier due to its history and asset value, the score is heavily penalized by the poor response quality and the misleading evidence of traction provided in the text.

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Score Breakdown

Real World Utility+105.0
Audience Reach Impact+24.0
Technical Innovation+72.0
Evidence Of Traction+90.0
Market Timing Relevance+27.0
Functional Completeness+1.5
Subtotal+319.5
Usefulness Multiplierx0.93
Final Score+296

Project Details

Project URL
icon.foundation
Description
ICON Foundation is a blockchain technology company that focuses on developing and promoting the ICON Network, a decentralized network designed to facilitate seamless interactions and transactions between different blockchain communities. The foundation aims to create a hyperconnected world by enabling various blockchains to communicate with each other through its innovative protocol. ICON Foundation supports the development of decentralized applications (dApps) and smart contracts, providing a scalable and secure infrastructure for developers and businesses. With a strong emphasis on interoperability, ICON Foundation seeks to bridge the gap between isolated blockchain networks, fostering a more integrated and efficient digital ecosystem.

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