Proof of Usefulness Report

Qredo

Analysis completed on 1/28/2026

+35
Proof of Usefulness Score
You're In Business

The submission references 'Qredo', a legitimate and historically significant decentralized custody project that raised over $80M. However, the project entered administration in Feb 2024 and assets were acquired by Fusion Labs. The submission itself is of extremely low quality, containing false claims ('most people have used my product'), vague data ('everyone'), and fails to mention the critical financial restructuring. While the technology (MPC) is innovative, the poor submission quality and the project's insolvency result in a low score.

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Score Breakdown

Real World Utility+80
Quality Factor Utility+0.5
Audience Reach Impact+60
Quality Factor Reach+0.5
Technical Innovation+85
Quality Factor Innovation+0.5
Evidence Of Traction+60
Quality Factor Traction+0.5
Market Timing Relevance+20
Quality Factor Timing+0.5
Functional Completeness+10
Quality Factor Response+0.5
Subtotal+31.13
Usefulness Multiplierx1.12
Final Score+35

Project Details

Project URL
Description
Qredo Network is a self-custody cross-chain protocol for asset managers and traders active in the digital asset markets.

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