Proof of Usefulness Report

PanXchange

Analysis completed on 1/27/2026

+85
Proof of Usefulness Score
You're In Business

PanXchange is a legitimate, established entity (founded ~2011) solving a significant problem in physical commodity trading (digitizing phone brokerage). The project demonstrates strong real-world utility and lists impressive board members (Cargill, Goldman Sachs alumni). However, the submission quality is critically poor. Key fields contain clearly erroneous or lazy data (e.g., claiming 'everyone' as the audience and 'most people have used my product' as evidence of traction). While external verification confirms the company's existence and press history, the specific evidence provided in the text fields undermines the credibility of the application, resulting in a heavily penalized score despite the underlying business value.

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Score Breakdown

Real World Utility+22.5
Audience Reach Impact+7.0
Technical Innovation+11.25
Evidence Of Traction+10.625
Market Timing Relevance+8.0
Functional Completeness+0.5
Subtotal+59.875
Usefulness Multiplierx1.42
Final Score+85

Project Details

Project URL
panxchange.com
Description
PanXchange is a cloud-based negotiation and trading platform for regional and international physical commodities. Tested in the global sugar market and now live in East African grain markets, it is disrupting the antiquated phone brokerage business. Designed by a veteran physicals trader (Cargill), it has a broad and strong IP portfolio.The company’s growth strategy is based on its ability to scale across multiple markets rapidly and to capture the value of the data generated therein.\nPanXchange, formerly CMDirect, is headquartered in Denver, Colorado with a subsidiary in Nairobi, Kenya. \n\nSee http://panxchange.com/company/press/ for further info and publications.\nDECK \u0026 DEMO AVAILABLE UPON REQUEST\n\nBoard members include \nNorman Hay, CEO Cargill, Int'l (ret), \nBrad Levy CEO MarktServ and formerly Goldman Sachs Strategic Investments\nEric Jackson, Founder agricultural SaaS company with 20+ years commodity trading experience \n

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