Proof of Usefulness Report

TokenTraxx

Analysis completed on 2/17/2026

+12
Proof of Usefulness Score
You're In Business

The project 'TokenTraxx' (TRAXX) appears to be a dormant or 'zombie' Web3 music platform. Despite launching in 2021, current data (as of 2026 context) indicates a market cap of ~$42k (down >99% from ATH) and negligible trading volume, signaling a failure to achieve sustainable traction. The submission contains demonstrably false claims, such as 'most people have used my product' and a team size of 125 (actual data suggests <15). The entry for revenue lists an outdated market cap figure rather than actual income. Due to the lack of genuine utility, failed market fit, and dishonest submission data, the score is minimal.

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Score Breakdown

Real World Utility+20.00
Audience Reach Impact+2.50
Technical Innovation+25.00
Evidence Of Traction+2.50
Market Timing Relevance+10.00
Functional Completeness+10.00
Subtotal+10.875
Usefulness Multiplierx1.12
Final Score+12

Project Details

Project URL
tokentraxx.com
Description
The main stage for music & entertainment in Web3. Connecting artists and fans to mint the sound of a decentralised future. TokenTraxx_ provides web3 infrastructure purpose built to connect fans with deeper engagement to music & entertainment. We do this with TRAXX Studios, an interconnected network of fully customisable NFT marketplaces on multiple blockchains. No-coiner friendly with token-gated Memberships; Fan Passes and content as standard and a wide range of 360 Fan Experience and Loyalty solutions available. TRAXX studios are no-code, white label deployments of the TokenTraxx Marketplace. We also offer a wide range of strategic and technology advisory services to support and accelerate transformation and closer connections that drive positive revenue outcomes

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