Proof of Usefulness Report

Xignal&mt

Analysis completed on 2/14/2026

+0
Proof of Usefulness Score
You're In Business

The project claims to be Xignal, a licensed Kazakhstan exchange, but regulatory records confirm that Xignal&MT Ltd's license was suspended in Nov 2023 and expired in March 2024, halting all operations. The submission contains severe red flags: the claim 'most people have used my product' is demonstrably false, the revenue data is nonsensical, and the contact email appears suspicious. The project is effectively defunct or a phishing attempt leveraging a dead brand.

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+0.00
Audience Reach Impact+0.00
Technical Innovation+0.00
Evidence Of Traction+0.00
Market Timing Relevance+0.00
Functional Completeness+0.00
Subtotal+0
Usefulness Multiplierx1.00
Final Score+0

Project Details

Project URL
xignalex.net
Description
Xignal is Kazakhstan's first digital asset exchange. The platform was awarded a license from Kazakhstan's government to provide secure and stable trading services for investors worldwide. For more information, visit: https://www.xignalex.net

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