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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