Proof of Usefulness Report

MyMine

Analysis completed on 2/26/2026

+51
Proof of Usefulness Score
You're In Business

MyMine (Mymine S.r.l.) is a legitimate Italian IoT startup backed by the Digital Magics accelerator, offering tracking devices that utilize the Helium LoRaWAN network. While the project has verifiable corporate existence and institutional backing, the submission itself contained highly exaggerated and inaccurate claims (e.g., 'most people have used my product', audience is 'everyone'). Current traction appears to be in the early-stage/niche category with likely revenues or capitalization around €50k, far below the claimed global saturation.

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Score Breakdown

Real World Utility+75
Audience Reach Impact+20
Technical Innovation+40
Evidence Of Traction+45
Market Timing Relevance+70
Functional Completeness+10
Subtotal+44.45
Usefulness Multiplierx1.15
Final Score+51

Project Details

Project URL
mymine.io
Description
La Rivoluzione IoT Stiamo costruendo una rete italiana dedicata all'internet delle cose (IoT) basata su Helium - People Powered Network. Grazie all'attività di mining svolta automaticamente dalle nostre antenne la rete si autofinanzia consentendo uno sviluppo rapidamente, capillare e sostenibile. Già oggi nelle principali città italiane la rete Helium, cui si appoggia MyMine, è in grado di offrire servizi per aziende e istituzioni e al rapido tasso di incremento a breve la diffusione sarà estesa e capillare. Entra a fare parte dei MyMiner, ospitando una nostra antenna/miner. E' ecologica, semplice, sicura e ti garantisce un guadagno interessante in €uro o HNT (a tua scelta)

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