Proof of Usefulness Report

Nodle

Analysis completed on 1/26/2026

+464
Proof of Usefulness Score
Industry Mainstay

Nodle is a well-established DePIN project (founded 2017) with verified technology and significant reach (approx. 200k daily active nodes via SDK integrations). However, the submission itself was of low quality, containing unverifiable hyperbolic claims ('most people have used my product') and missing key financial data. While the network has genuine utility in the IoT space and a growing ecosystem (Click app, ZKsync migration), the current low market capitalization (~$2.4M) and poor token performance suggest market skepticism relative to the project's age. The score reflects high technical merit and reach, heavily penalized for the lazy submission and current low economic value.

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Score Breakdown

Real World Utility+175
Audience Reach Impact+120
Technical Innovation+120
Evidence Of Traction+114
Market Timing Relevance+85
Functional Completeness+5
Subtotal+619
Usefulness Multiplierx0.75
Final Score+464

Project Details

Project URL
nodle.io
Description
Nodle is a citizen-powered IoT connectivity network where anyone with a smartphone can earn Nodle Cash with the Nodle Cash app for providing connectivity to nearby IoT devices and sensors. \n\nFounded by serial entrepreneur Micha Benoliel and Garrett Kinsman, the Nodle Network is the next step in the Internet of Things (IoT) evolution. Nodle uses blockchain and crypto to scale the number of things that can connect to the Internet and to secure data traffic and identity. \n\nNodle uses open protocols like Bluetooth Low Energy (BLE) to keep costs low and connect to existing devices that support the standard. It utilizes a new incentivized connectivity model to expand adoption and faster its network deployment. \n\nThey believe that like ridesharing disrupted the old taxis with mobile technologies, with decentralized wireless technologies the telco industry is ripe for disruption.

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