Proof of Usefulness Report

Pingday

Analysis completed on 1/27/2026

+655
Proof of Usefulness Score
Category Standard

Pingday AB is a verified, established infrastructure company based in Helsingborg, Sweden, operating city fiber networks and LoRaWAN IoT solutions. With 2024 revenue of approximately 198M SEK (~$19M USD) and 40+ employees, it significantly exceeds the traction baseline. However, the submission itself was of extremely low quality (using the incorrect name 'IronBlade', claiming 'everyone' as the audience, and providing no data), which necessitated independent verification and negatively impacted the Response Quality score. The project possesses high real-world utility as a municipal utility provider.

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Score Breakdown

Real World Utility+22.5
Audience Reach Impact+8.1
Technical Innovation+8.78
Evidence Of Traction+20.25
Market Timing Relevance+5.4
Functional Completeness+0.25
Subtotal+65.28
Usefulness Multiplierx1.004
Final Score+655

Project Details

Project URL
Description
Pingdayis in the Internet of Things Infrastructure 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