Proof of Usefulness Report

SmartFi

Analysis completed on 1/30/2026

+0
Proof of Usefulness Score
You're In Business

The project 'SmartFi' appears to correspond to a cryptocurrency lending platform currently in Chapter 11 bankruptcy proceedings (as of 2024-2025) with founders facing active fraud litigation. The submission contains verifiable falsehoods, such as claiming 'most people have used my product' and 'audience reach: everyone', while verifiable data indicates the token (SMTF) has no circulating supply and funds are frozen. The project demonstrates zero current utility and significant red flags.

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+0.0
Audience Reach Impact+0.0
Technical Innovation+5.0
Evidence Of Traction+0.0
Market Timing Relevance+0.0
Functional Completeness+0.0
Subtotal+5
Usefulness Multiplierx0.85
Final Score+4

Project Details

Project URL
Description
SmartFiis in the Cryptocurrencies 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