Proof of Usefulness Report

Neco Finance

Analysis completed on 1/26/2026

+7
Proof of Usefulness Score
You're In Business

The project 'Neco Finance' presents a utopian financial vision (UBI, no inflation) but lacks verifiable execution details or technical evidence after 7 years of operation (founded 2017). The submission contains critical red flags, including a demonstrably false traction claim ('most people have used my product') and a mismatch in the project name field ('SwiftHeart'). External data confirms the company is unfunded with 1-10 employees, indicating minimal real-world adoption.

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Score Breakdown

Real World Utility+3.13
Audience Reach Impact+0.50
Technical Innovation+1.13
Evidence Of Traction+0.00
Market Timing Relevance+2.00
Functional Completeness+0.25
Subtotal+7.01
Usefulness Multiplierx1
Final Score+7

Project Details

Project URL
Description
Neco is the cryptocurrency for the common good. We generate profits, provide universal basic income and protect the climate. Our vision is to build a sustainable financial system that serves the people and the planet.\n\nNeco is positive money without inflation, interest and transaction fees. Its value is backed by a reserve and regulated collectively by all members. Our system is free of debt, low in volatility and protected against bankruptcy and bank runs.\n\nOur crypto platform runs on Stackchain - a faster, more efficient and more secure version of Blockchain technology. Stackchain is climate-neutral and supports data privacy requirements. Our vision is to build a powerful crypto platform for decentralization and tokenization.\n\nWe are a decentralized collective organization (DCO) and cooperative non-profit with strong values and high moral standards. Radical transparency and honesty are core elements of our corporate culture. Our community can participate in the decision-making process through Collexa, a system of collective intelligence (CI).\n\nWe are a virtual organization of geographically dispersed teammates collaborating via the internet. With our flexible working model TTT (“triple T”), we offer good payment, great flexibility, unlimited vacation, exciting projects, lifelong universal basic income (pension) and the opportunity to profit from Neco's success. TTT stands for time, task and team. We pay you for the time you work, the tasks you complete and for good teamwork.\n\nNeco was founded in 2017 by Flo Goette, a serial entrepreneur, impact investor and visionary with a track history of four successful startups. As an expert in Blockchain, cryptocurrencies and cloud computing, Flo has been featured in “The Top 100 People in Finance” (Top 100 Magazine) and “The 10 Most Inspiring Entrepreneurs of the Year 2021” (The CIO Times) while Neco has been selected for the “50 Most Admired Companies of the year 2021” (The Silicon Review).

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