Proof of Usefulness Report

Stockal

Analysis completed on 1/30/2026

+265
Proof of Usefulness Score
Gaining Momentum

Stockal is a verified, high-traction fintech platform enabling cross-border investments for users in India and the MENA region, with over $1B in transaction volume and ~$5M in annual revenue. However, the project submission itself was of extremely poor quality, featuring hallucinated tags ('space-technology'), a fake username, and absurdly exaggerated claims ('most people have used my product'). While the actual company merits a score comparable to established brands (300-400), the lazy and inaccurate submission data resulted in significant penalties to the Quality Factors, reducing the final score to the 200-300 range.

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+21.25
Audience Reach Impact+7.5
Technical Innovation+4.88
Evidence Of Traction+12.0
Market Timing Relevance+8.5
Functional Completeness+0.25
Subtotal+54.38
Usefulness Multiplierx0.98
Final Score+265

Project Details

Project URL
Description
At a time when investing \u0026 wealth management is going through fundamental changes, Stockal is a platform that enables investments in a diverse set of global assets from a single account, from anywhere in the world.\nWe believe that investing shouldn't be restricted to local market opportunities only. So we've created an ecosystem for investors to make investments across borders, seamlessly. Basically, a single account from which you can invest in multiple global stock markets - affordably and with flexibility. \n\nFirst launched in the US, Stockal got to nearly 50,000 portfolio tracking users in a year. Now, we have created an engine that helps you make global investments from one account, digitally. In addition to US, we will soon have UK, Japan, HK and Indian stock markets for people to invest in. We will add more asset classes.\n\nStockal is currently on-boarding investors from emerging economies like India and Middle East. We will soon launch in Indonesia, Malaysia and Brazil.

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