Proof of Usefulness Report

Neos Beyond Payments

Analysis completed on 2/28/2026

+38
Proof of Usefulness Score
You're In Business

Neos Beyond Payments is a legitimate Greek fashion-tech brand offering NFC-enabled jewelry for contactless payments, leveraging the Fidesmo Pay infrastructure. While the product has real-world utility and good design aesthetics, the submission suffers significantly from hyperbolic and factually incorrect claims (e.g., 'most people have used my product') and confusing financial metrics ('marketcap: 50000'). Traction appears niche/local with estimated lifetime revenues <$100k, placing it in the early-stage category despite its 2019 launch.

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Score Breakdown

Real World Utility+16.25
Audience Reach Impact+1.0
Technical Innovation+7.5
Evidence Of Traction+2.5
Market Timing Relevance+6.0
Functional Completeness+1.0
Subtotal+34.25
Usefulness Multiplierx1.10
Final Score+38

Project Details

Project URL
Description
Experience the ultimate fusion of style and technology with Neos payment-enabled jewellery, wearables, and accessories. Skip the wallet, ditch the phone fumbling, and enjoy lightning-fast, ultra-secure contactless payments with just a simple tap of your stylish Neos piece. Neos wearables work with Fidesmo Pay and have been recognised worldwide for bringing innovation to the e-payments industry.

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