Proof of Usefulness Report

Plena Finance

Analysis completed on 1/28/2026

+225

Proof of Usefulness Score

Gaining Momentum

Plena Finance is a legitimate Account Abstraction (ERC-4337) mobile wallet with a history of venture funding (~$5M from investors like Big Brain Holdings). However, the project submission was of extremely poor quality, containing false claims ('most people have used my product') and lacking critical data. External verification reveals the project's token ($PLENA) has lost ~98% of its value (Market Cap ~$160k), indicating severe loss of traction despite the functional technology. The score reflects the valid technical foundation (Innovation/Utility) balanced against the misleading submission and poor current market performance.

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Score Breakdown

Real World Utility+100.0

Audience Reach Impact+20.0

Technical Innovation+90.0

Evidence Of Traction+12.5

Market Timing Relevance+40.0

Functional Completeness+2.5

Subtotal+265

Usefulness Multiplierx0.85

Final Score+225

Project Details

Project URL

plena.finance

Description

All you need to have direct and easy access to the many opportunities in the Web 3.0, Metaverse and NFT sectors is now contained within your smartphone!\n\nThis is what Plena Finance brings you; the latest technological advancement housing the best decentralized financial information and services to your pocket.\n\nPlena is a mobile-first application that provides comprehensive Web 3.0 and DeFi services, is private, gas-less and an interoperable application that is compatible with both iOS and android devices. After enough research and analyzing, we've realized that access to decentralized finance in a mobile device has the potential to open a world of financial opportunities, independence, and accessibility for people looking to get into the space. \n\nWe present you Plena Finance where We aim to bring DeFi products and services to everyone regardless of wherever they may be in the world or however big or small their portfolio might look, by giving them access to a Vault-like mobile application they can use whenever and wherever

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