Proof of Usefulness Report

Myducat

Analysis completed on 1/24/2026

+15
Proof of Usefulness Score
You're In Business

The project represents a financial services entity with registered offices in the UK and Canada, appearing to utilize a white-label banking platform (Fyora). However, the submission contains demonstrably false claims regarding traction (claiming 'most people' have used it) and audience reach. Furthermore, external searches reveal significant red flags, including 'Micro Entity' status in the UK (contradicting global scale) and recent online warnings associating the brand with potential employment scams. The low submission quality and lack of verifiable growth metrics result in a minimal score.

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Score Breakdown

Real World Utility+20.0
Audience Reach Impact+2.5
Technical Innovation+20.0
Evidence Of Traction+5.0
Market Timing Relevance+40.0
Functional Completeness+10.0
Subtotal+14.25
Usefulness Multiplierx1.08
Final Score+15

Project Details

Project URL
myducat.com
Description
MYDUCAT is focused on providing financial services. As the product is tailor-made to provide each customer with exceptional service, services you receive may be provided by different entities under the MYDUCAT product umbrella. If you would like to ask about which entity will be providing the services you receive, or if you have any other questions, please feel free to contact us. We are headquartered in London with regional offices in Singapore, Calgary, and Barcelona.

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