Proof of Usefulness Report

Swingby Labs

Analysis completed on 2/18/2026

+12
Proof of Usefulness Score
You're In Business

The submission represents 'Swingby Labs,' a cryptocurrency project that appears to be in a 'zombie' or failed state. While the project previously had legitimate technology (Skybridge/MPC) and market presence (2020-2021), the token has lost >99% of its value and has been delisted from major platforms. The submission itself is extremely low quality, containing objectively false claims (e.g., 'most people have used my product') and vague technical descriptions ('Software Development'). The reported 'marketcap: 50000' confirms the project's collapse from its previous heights. The score reflects a failed legacy project with a disqualified submission standard.

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Score Breakdown

Real World Utility+30
Quality Factor Utility+0.5
Audience Reach Impact+10
Quality Factor Reach+0.5
Technical Innovation+40
Quality Factor Innovation+0.5
Evidence Of Traction+10
Quality Factor Traction+0.5
Market Timing Relevance+10
Quality Factor Timing+0.5
Functional Completeness+10
Quality Factor Response+0.5
Subtotal+9.75
Usefulness Multiplierx1.18
Final Score+12

Project Details

Project URL
Description
The warp-speed protocol for inter-blockchain swaps, allowing DeFi users to easily move assets between blockchains without the need for a trusted party.

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