Proof of Usefulness Report

IQ Cars

Analysis completed on 1/28/2026

+387
Proof of Usefulness Score
Certified Problem Solver

iQ Cars is a verified, market-leading automotive marketplace in Iraq with significant traction (1M+ app downloads, 1,000+ dealers). External search confirms a '7-figure' seed funding round in 2024/2025 and registration as a Private Joint Stock Company. Despite a low-quality user submission containing vague claims ('everyone') and confusing financial data ('marketcap: 500000'), the project's actual real-world utility and verified reach are exceptional. The score reflects a high-growth, venture-backed startup, adjusted downward slightly for the poor quality of the application data.

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Score Breakdown

Real World Utility+108.0
Audience Reach Impact+81.6
Technical Innovation+36.0
Evidence Of Traction+142.5
Market Timing Relevance+32.0
Functional Completeness+2.0
Subtotal+402.1
Usefulness Multiplierx0.96
Final Score+386

Project Details

Project URL
Description
Iraq's largest online car marketplace with over 1200 car dealers. iQ Cars is on the mission to change the car buying and selling journey in the country.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
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