Proof of Usefulness Report

InviBIT Ltd.

Analysis completed on 2/28/2026

+248
Proof of Usefulness Score
Gaining Momentum

InviBIT Ltd. appears to be a legitimate, albeit small, IoT and electronics development firm based in Greece, with a verifiable web presence and product catalog (LoRaWAN gateways, sensors). However, the submission itself is of extremely low quality, featuring hyperbolic and demonstrably false claims (e.g., 'most people have used my product', audience is 'everyone'). While the underlying business has real-world utility in the B2B sector, the submission's lack of professionalism and inaccurate data (e.g., confusing revenue with 'marketcap', claiming global ubiquity) severely penalizes the score. The project is evaluated as a functional SME with niche traction, rather than the global phenomenon described.

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Score Breakdown

Real World Utility+15.00
Audience Reach Impact+1.00
Technical Innovation+6.00
Evidence Of Traction+2.50
Market Timing Relevance+5.00
Functional Completeness+0.25
Subtotal+29.75
Usefulness Multiplierx0.83
Final Score+248

Project Details

Project URL
Description
We provide high quality custom IoT solutions for any use-case imaginable, as well as electronics development services, product design & more.

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