Proof of Usefulness Report

Xceed

Analysis completed on 2/2/2026

+563
Proof of Usefulness Score
Industry Mainstay

Xceed is a verified, revenue-generating scale-up (est. $5M annual revenue) with a strong foothold in the European nightlife market, evidenced by its 2018 Tech5 award. However, the submission quality is poor, with lazy input fields ('most people have used my product') that contradict the professional description. While the claim of '5 million monthly' users appears exaggerated compared to revenue metrics (likely representing cumulative reach or impressions), the project demonstrates significant real-world utility and verified traction that warrants a high score despite the low effort in the application form.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+212.5
Audience Reach Impact+98
Technical Innovation+90
Evidence Of Traction+140
Market Timing Relevance+75
Functional Completeness+10
Subtotal+625.5
Usefulness Multiplierx0.9
Final Score+563

Project Details

Project URL
Description
Xceed exists to create a world where everyone can live extraordinary experiences by joining authentic music events and connecting with inspiring people. We currently operate in over 20 markets globally and take 5 million unique event-goers out for a dance each month.\n\nXceed App allows party lovers to browse through the best upcoming events in their hometown or when traveling while offering them the easiest way to access guest lists, purchase tickets, and reserve bottle services.\n\nXceed Nightgraph, on the side, is a cloud-based platform that helps clubs target and engage a specific audience, track conversions and increase profits through online \u0026 mobile sales and promotion.\n\nLastly, Xceed is taking over the information business by linking the B2B and B2C sides of the nightlife industry, providing real-time analytics and addressing the untapped Big Data space in the market.\n\nIn April 2018, Xceed was awarded the fastest growing Tech Start-up in Spain and the 14th in Europe by TECH5.

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