Proof of Usefulness Report

SIP

Analysis completed on 2/16/2026

+12
Proof of Usefulness Score
You're In Business

The submission presents a critical identity mismatch: the project name 'MysticRider' (likely a user handle or unrelated entity) contradicts the description of 'SIP Speciality Oils' (a legitimate London-based chemical distributor). Further, the submission contains demonstrable falsehoods, claiming 3,000 employees (SIP Ltd has <50) and a 'marketcap' of 75,000,000 without supporting evidence. The claim that 'most people have used my product' is unverifiable and exaggerated. This is evaluated as a low-quality or spam submission.

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Score Breakdown

Real World Utility+5.00
Audience Reach Impact+2.00
Technical Innovation+0.38
Evidence Of Traction+1.25
Market Timing Relevance+2.00
Functional Completeness+0.00
Subtotal+10.63
Usefulness Multiplierx1.12
Final Score+12

Project Details

Project URL
Description
WE START BY UNDERSTANDING YOUR BUSINESS For more than 35 years SIP Speciality Oils and Fluids has been a respected and recognised independent marketer and distributor. Based in London, we have been supplying customers in Europe and the wider African and Middle Eastern markets for many years. SIP has one of the most comprehensive product portfolios, covering a wide range of base fluids including hydrocracked, hydrotreated & isomerised dewaxed oils. We are especially known for our extensive range of viscosity grades of mineral white oils with Halal, Kosher and Vegan approvals, and our premium oils for industrial and drilling applications. We increasingly supply base oils with reduced or negative carbon footprint. We are growing our offering of additives for the lubricants and metalworking business. The majority of products are sold under the SIP corporate brand to a wide range of customers and applications and our business is divided across a number of segments, from personal care to automotive lubricants and from drilling fluids to crop protection. We manage our own vessel and road tanker operations in-house, based around our storage hub in Northwest Europe. We pride ourselves on our ability to deliver where our competitors cannot, by giving you tight lead times, a high degree of technical and regulatory advice, support for unusual viscosity grades, and our own experienced in-house technical services and operations team that offer a bespoke service. To see how we can help your business speak to our experienced staff on enquiries@sip.com or +44 (0)20 7717 0100.

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