Proof of Usefulness Report

Transak

Analysis completed on 1/31/2026

+621
Proof of Usefulness Score
Category Standard

Transak is a verifiable, market-leading Web3 infrastructure provider with significant real-world traction (integrated into MetaMask, Ledger, etc.) and substantial revenue potential. However, the submission itself is of extremely low quality, featuring hyperbolic claims ('everyone', 'most people have used my product'), irrelevant tags ('space-technology'), and confusion between revenue and market cap. The score reflects the high capability and scale of the actual project, heavily penalized by the poor quality of evidence and response provided in this specific entry.

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Score Breakdown

Real World Utility2.5)
Audience Reach Impact2.0)
Technical Innovation1.5)
Evidence Of Traction2.5)
Market Timing Relevance1.0)
Functional Completeness0.5)
Subtotal+668.25
Usefulness Multiplierx0.93
Final Score+621

Project Details

Project URL
transak.com
Description
Transak is a financial technology company that provides a seamless fiat-to-crypto payment gateway. Operating through its platform, Transak enables users to purchase cryptocurrencies directly using traditional payment methods such as bank transfers and credit/debit cards. The company focuses on simplifying the onboarding process for users entering the cryptocurrency space, offering a user-friendly interface and integration capabilities for developers and businesses. Transak aims to bridge the gap between traditional finance and the digital asset ecosystem, supporting a wide range of cryptocurrencies and providing services across multiple countries.

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