Proof of Usefulness Report

RaceFi

Analysis completed on 1/28/2026

+14
Proof of Usefulness Score
You're In Business

The project 'RaceFi' is a legitimate entity that raised ~$2.9M in 2021, but it currently exhibits signs of abandonment (Zombie Project). Token volume is negligible (<$100/day), and the market cap has collapsed. The submission contains blatantly false claims (e.g., 'most people have used my product') and lacks basic data, severely impacting the evaluation. While the project has a historical footprint, its current utility and traction are near zero.

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Score Breakdown

Real World Utility+2.50
Audience Reach Impact+1.00
Technical Innovation+3.00
Evidence Of Traction+4.38
Market Timing Relevance+0.50
Functional Completeness+0.25
Subtotal+11.63
Usefulness Multiplierx1.18
Final Score+14

Project Details

Project URL
Description
RaceFi is in the PC-Console Gaming Industry

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