Proof of Usefulness Report

LifeStore Bank

Analysis completed on 2/8/2026

+508
Proof of Usefulness Score
Industry Mainstay

LifeStore Bank is a verifiable, federally chartered financial institution (OTC: LSFG) with a long history (est. 1939) and significant regional traction (~$48M market cap, ~$24M revenue, ~111 employees). While the underlying business has high utility and stability, the submission quality is poor (incorrect project name 'BlazeKeeper', exaggerated reach claims of 'everyone', and inaccurate team size). As a technology project, it lacks innovation, relying on standard banking infrastructure. The score reflects the strong real-world business fundamentals ($50M+ value) heavily penalized by the lack of technical novelty and a low-effort submission.

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Score Breakdown

Real World Utility+225.0
Audience Reach Impact+90.0
Technical Innovation+7.5
Evidence Of Traction+180.0
Market Timing Relevance+60.0
Functional Completeness+2.5
Subtotal+565
Usefulness Multiplierx0.9
Final Score+509

Project Details

Project URL
golifestore.com
Description
We offer a full menu of financial services including banking and insurance. We’re locally owned and based in the mountains of North Carolina. LifeStore is recognized as a strong community partner, receiving the Governor’s Award for Volunteerism in 2016. The LifeStore name simply means that we want to provide you with financial services throughout your life. Our employees take pride in offering outstanding customer service. It’s all about relationships. We believe people still like to be called by name and enjoy personal service. We invite you to check out our extended hours and our electronic services to make banking easier. We welcome the opportunity to talk with you about the LifeStore Difference and invite you to Come Home To LifeStore.

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