Proof of Usefulness Report

Quantex

Analysis completed on 1/28/2026

+68
Proof of Usefulness Score
You're In Business

Quantex (myquantex.com) is a functional cryptocurrency exchange offering both custodial and non-custodial services. However, the submission contains significant inaccuracies and credibility issues. The project name was input as 'SwiftForge' (a mismatch), the launch date (2015) contradicts the website's history (founded 2020), and the traction claim ('most people have used my product') is demonstrably false. While the platform exists and has legal entities (Fintex LLC, UserChoice Inc), the submission's exaggerated claims and lack of verifiable metrics result in a low score.

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Score Breakdown

Real World Utility+50
Audience Reach Impact+10
Technical Innovation+30
Evidence Of Traction+10
Market Timing Relevance+40
Functional Completeness+10
Subtotal+75
Usefulness Multiplierx0.9
Final Score+68

Project Details

Project URL
Description
Quantex (formerly Cryptiswap) is a global cryptocurrency exchange where customers can choose between taking custody of their own funds on the non-custodial swap platform, or allow us to take custody on the trading platform.\n\nQuantex Coin (QTX) is the native exchange token and will come with many utilities like no trading or withdrawal fees and more.\n\nhttps://myquantex.com

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