Proof of Usefulness Report

Luxtag Sdn Bhd

Analysis completed on 1/25/2026

+47
Proof of Usefulness Score
You're In Business

Luxtag Sdn Bhd is a verifiable entity established in 2016 offering blockchain-based anti-counterfeit solutions. However, the submission quality is critically low, containing hyperbolic and false claims (e.g., 'most people have used my product', audience is 'everyone'). While the technology addresses a genuine problem (provenance), the lack of verifiable data in the submission and the discrepancy between the claimed reach and reality heavily penalize the score. The project falls into the 'small/niche' category with significant penalties for poor response quality.

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Score Breakdown

Real World Utility+17.5
Audience Reach Impact+3.6
Technical Innovation+9.75
Evidence Of Traction+6.0
Market Timing Relevance+5.0
Functional Completeness+0.5
Subtotal+42.35
Usefulness Multiplierx1.12
Final Score+47

Project Details

Project URL
luxtag.io
Description
LuxTag Solution\nWe integrate our core principles with the latest advanced technologies in order to provide our customers with products of excellent quality, just right for their needs. We will find the most suitable product for you, or design a unique customized LuxTag solution specifically for your case.\n1.LuxTag’s\nApplication\nLuxTag solution enables businesses \u0026 their customers to deter counterfeit, prove ownership \u0026 provide track \u0026 trace of products for the digital age\n2.Papyrus\nWith Papyrus, you can tokenize items to create a trail of ownership \u0026 history of your products. Any assets can now be represented as real live assets on the blockchain.\n3.basAPI\nSimplify the development of your physical product or asset digital representation for blockchain use cases

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