Proof of Usefulness Report

SpankChain

Analysis completed on 2/16/2026

+25
Proof of Usefulness Score
You're In Business

SpankChain was a legitimate and historically significant project that pioneered state channels (SpankPay) for the adult industry. However, the project's primary utility, SpankPay, shut down in March 2023 due to banking service terminations (Wyre). The project has since pivoted to advocacy with no active payment infrastructure. The submission provided is extremely low quality, containing demonstrably false claims about audience reach ('everyone') and traction ('most people'), resulting in a low score reflecting its current 'zombie' status and lack of active utility.

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+6.00
Audience Reach Impact+3.20
Technical Innovation+9.00
Evidence Of Traction+2.50
Market Timing Relevance+1.00
Functional Completeness+0.25
Subtotal+21.95
Usefulness Multiplierx1.14
Final Score+25

Project Details

Project URL
Description
SpankChain is a revolutionary blockchain based economic and technological infrastructure for the adult industry. Built on Ethereum, our smart contracts allow us to eliminate third party intermediaries and unfair payment practices while providing more powerful privacy and security.

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