Proof of Usefulness Report

Shrimpy

Analysis completed on 1/30/2026

+327
Proof of Usefulness Score
Certified Problem Solver

Shrimpy is a legitimate, established cryptocurrency portfolio management and API platform, though the submission quality is critically low. While the project has verifiable historical traction and technical utility (particularly the Universal Exchange APIs), the consumer app has faced sunsetting/pivoting rumors in favor of B2B services. The submission claims ('everyone', 'most people have used my product') are hyperbolic and reduce credibility, resulting in significant penalties to Quality Factors. The score reflects a solid technical product hampered by a poor submission and shifting market focus.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+12.0
Audience Reach Impact+3.0
Technical Innovation+12.0
Evidence Of Traction+6.25
Market Timing Relevance+5.0
Functional Completeness+0.25
Subtotal+38.5
Usefulness Multiplierx0.85
Final Score+327

Project Details

Project URL
shrimpy.io
Description
Shrimpy (https://www.shrimpy.io/) is an application for constructing custom cryptocurrency index funds, rebalancing and managing a diverse portfolio of digital assets. Automate your portfolio by linking to any of the 16 crypto exchanges we support. \n\nShrimpy’s Universal Crypto Exchange APIs (https://developers.shrimpy.io/) are designed for developers. Integrating with our unified APIs gives you instant access to uniform endpoints for trading, data collection, user management, and more across every major cryptocurrency exchange.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
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