Proof of Usefulness Report

Midas Communications Limited

Analysis completed on 2/20/2026

+38
Proof of Usefulness Score
You're In Business

Midas Communications Limited is a verifiable UK-based B2B telecommunications provider established in 2015. However, the submission incorrectly positions a standard service agency as a technology project, listing 'Venture Capital' and 'Accounting' as technologies. Public records indicate a 'Micro' entity (<10 employees, <£1M turnover), contradicting the claimed 30 employees and '2.5M marketcap'. The claims of 'everyone' as the audience and 'most people' as the traction evidence are factually incorrect and hyperbolic. While the business provides essential utility (connectivity) to its clients, it lacks the scalability, reach, and technical innovation required for a high Proof of Usefulness score in a technology context.

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Score Breakdown

Real World Utility+60
Audience Reach Impact+10
Technical Innovation+10
Evidence Of Traction+40
Market Timing Relevance+40
Functional Completeness+20
Subtotal+31.25
Usefulness Multiplierx1.2
Final Score+38

Project Details

Description
Midas Communications partner with market leading network operators, carriers and IT vendors to provide innovative solutions taking the complexity out of your business communications in a cost effective manner. Whether it’s Hosted or Fixed Telephony, Connectivity, Mobile Airtime, M2M or IoT, our consultative approach ensures our clients receive effective solutions and support in order to improve productivity and enable flexibility throughout their workforce. We make it our business to understand the technology to help your business evolve.

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