Proof of Usefulness Report

Magnet

Analysis completed on 2/28/2026

+50
Proof of Usefulness Score
You're In Business

The project 'Magnet' appears to be an IoT platform by the Spanish software agency Biotz (biotz.io). While the company is a legitimate boutique consultancy (using interesting tech like Clojure), the submission quality is critically low. Claims such as 'most people have used my product' are demonstrably false and hyperbolic. The audience reach ('everyone') is unsupported, and the revenue data ('marketcap: 2500000') is mislabeled and unverifiable. The project lacks concrete evidence of traction, placing it in the 'Minimal Traction' category.

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Score Breakdown

Real World Utility+18.75
Audience Reach Impact+2
Technical Innovation+4.5
Evidence Of Traction+2.5
Market Timing Relevance+20
Functional Completeness+0.25
Subtotal+48
Usefulness Multiplierx1.05
Final Score+50

Project Details

Project URL
Description
Digital transformation delivered with fresh and innovative software. Automate, innovate and transform your products, processes and services Secure and scalable IoT platform and final applications. - Connect, manage and scale unlimited devices - Plug & play, easy and quick setup - Security and privacy by design - Get competitive advantage with custom applications

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