Proof of Usefulness Report

Status

Analysis completed on 1/30/2026

+515
Proof of Usefulness Score
Industry Mainstay

Status is a widely recognized, well-funded project in the Ethereum ecosystem (2017 ICO) with significant technical contributions (Nimbus, Waku, Keycard). The project has high real-world utility and technical sophistication. However, the submission provided contains severe data discrepancies (claiming '1-10' team members vs description's '85+', and hyperbolic traction claims like 'most people have used my product'). While the underlying technology and organization are robust, the score is penalized by the low quality and inaccuracy of the specific self-reported metrics.

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Score Breakdown

Real World Utility+200
Audience Reach Impact+36
Technical Innovation+162
Evidence Of Traction+75
Market Timing Relevance+75
Functional Completeness+12
Subtotal+560
Usefulness Multiplierx0.92
Final Score+515

Project Details

Project URL
Description
Status is building the tools and infrastructure for the advancement of a secure, private, and open web3. \nWith the high level goals of preserving the right to privacy, mitigating the risk of censorship, and promoting economic trade in a transparent, open manner, Status is building a community where anyone is welcome to join and contribute.\n\nAs an organization, Status seeks to push the web3 ecosystem forward through research, creation of developer tools, and support of the open source community. \n\nStatus is an open source, Ethereum-based app that gives users the power to chat, transact, and access a revolutionary world of DApps on the decentralized web. But Status is also building foundational infrastructure for the whole Ethereum ecosystem, including the Nimbus ETH 1.0 and 2.0 clients, the Keycard hardware wallet, and the Waku messaging protocol (a continuation of Whisper).\n\nAs a team, Status is completely distributed since inception. Our team is currently 85+ core contributors strong, and welcomes a growing number of community members from all walks of life, scattered all around the globe. \n\nWe care deeply about open source, and our organizational structure has minimal hierarchy and no fixed work hours. We believe in working with a high degree of autonomy while supporting the organization's priorities.\n

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