Proof of Usefulness Report

Splyt Core Foundation

Analysis completed on 1/30/2026

+26
Proof of Usefulness Score
You're In Business

The Splyt Core Foundation (associated with SHOPX) appears to be a legitimate cryptocurrency project that raised ~$2.75M in 2021 to develop an e-commerce NFT protocol. However, the project submission is of extremely low quality, containing demonstrably false claims (e.g., 'most people have used my product') and missing critical data (revenue, team size, active users). While the underlying project has a history of funding, the submission fails to demonstrate current utility, active traction, or credible reach, resulting in a low score consistent with a dormant or early-stage venture with poor reporting.

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+10.0
Audience Reach Impact+1.0
Technical Innovation+6.75
Evidence Of Traction+5.0
Market Timing Relevance+3.0
Functional Completeness+0.25
Subtotal+26
Usefulness Multiplierx1.01
Final Score+26

Project Details

Project URL
splytcore.org
Description
Splyt Core Foundation, accessible through its domain splytcore.org, is an organization focused on developing and promoting decentralized technologies and solutions. The foundation is dedicated to creating a more interconnected and efficient digital ecosystem by leveraging blockchain technology. Splyt Core Foundation aims to empower users and businesses by providing tools and platforms that enhance transparency, security, and interoperability in various digital transactions and processes. Through its initiatives, the foundation seeks to drive innovation and adoption of decentralized systems across different industries.

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