Proof of Usefulness Report

Velvet Formula

Analysis completed on 2/1/2026

+14
Proof of Usefulness Score
You're In Business

The submission for Velvet Formula contains critical red flags, including unverifiable and hyperbolic claims ('most people have used my product') that contradict the lack of any observable digital footprint. Despite a claimed 2018 launch, there is no evidence of active users, revenue, or technical implementation publicly available. The response quality is extremely low, and the project appears to be non-operational or a placeholder.

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Score Breakdown

Real World Utility+10.0
Audience Reach Impact+0.0
Technical Innovation+3.0
Evidence Of Traction+0.0
Market Timing Relevance+4.0
Functional Completeness+0.0
Subtotal+17
Usefulness Multiplierx0.82
Final Score+14

Project Details

Description
Designated market making software for crypto exchanges.

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