Proof of Usefulness Report

Nickel

Analysis completed on 1/26/2026

+538
Proof of Usefulness Score
Industry Mainstay

The submission points to 'Nickel' (getnickel.com), a legitimate and high-traction fintech platform for construction material payments with ~$16M in funding and substantial transaction volume. However, the submission data itself is of extremely poor quality, containing erroneous claims (e.g., 'Launch Date: 1902', 'Business Type: Nickel Production', 'Audience: everyone'). The evaluation credits the verifiable real-world utility and market position of the actual project while applying significant penalties to the 'Response Quality' and 'Evidence of Traction' metrics due to the lack of accurate user-provided information.

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Score Breakdown

Real World Utility+213
Audience Reach Impact+60
Technical Innovation+113
Evidence Of Traction+106
Market Timing Relevance+90
Functional Completeness+3
Subtotal+585
Usefulness Multiplierx0.92
Final Score+538

Project Details

Project URL
Description
Nickelis in the Construction Tech Industry

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
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