The project represents a legally incorporated entity in India (ThingsLoop Internet Pvt Ltd) active since 2020, validating its existence. However, the submission relies on demonstrably false claims (e.g., 'most people have used my product', reach of 'everyone') and provides no verifiable evidence of the claimed 'largest IoT marketplace' status. The digital footprint is minimal (standard hosting, no significant search visibility), and the 'marketcap' figure likely refers to paid-up capital (~$2.4k-$6k USD) rather than revenue or valuation. The project appears early-stage or dormant despite the 2020 launch.
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