{"schema_version":2,"updated":"2026-10-24T07:57:30.304Z","license":"https://creativecommons.org/licenses/by/4.0/","cite_as":"Own Your Mind, \"Decentralised AI Freedom and Returns score dataset\", https://ownyourmind.ai/integrity/","attribution":"Own Your Mind (ownyourmind.ai). Link the specific project review when citing a single project.","integrity_notice":{"summary":"Each integrity record carries its own record_type, verdict and assessment_level. A 'claim' record quotes the project's own published statement; a 'reported' value is that claim, not a verified fact, unless verdict is 'match'. A 'finding' record is our own measurement and grades no one's claim. assessment_level 'not-assessed' means unchecked, never clean. Findings are dated snapshots, not a live feed.","verdicts":{"match":"verified against independent data","inflated":"reported higher than independent data shows","understated":"reported lower than independent data shows","outdated":"was accurate when reported; on-chain reality has since moved","established":"our own independent measurement; there is no project claim to grade","unverified":"independently checkable, not yet checked","unverifiable":"checked, could not independently confirm"},"record_types":{"claim":"the project's own published statement, quoted verbatim, graded against independent data","finding":"our own measurement for a score dimension; no claimant and never a verdict on a claim"},"methodology":"https://ownyourmind.ai/resources/integrity-checks/"},"slug":"iotex","markdown":"https://ownyourmind.ai/projects/iotex.md","title":"IoTeX","token":"IOTX","category":"other","freedomScore":6,"returnsScore":4.9,"freedomGrade":"C","returnsGrade":"D","url":"https://ownyourmind.ai/projects/iotex/","integrity":{"assessment_level":"api","last_assessed":"2026-09-24","emission_honesty":null,"reconciliations":[{"metric":"gross_fees","assessment_level":"api","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"Fees paid on the IoTeX chain are small, and they are gross chain fees rather than protocol revenue.","independent":{"value":"$39.0K trailing-1y / $706K all-time gross chain fees (DeFiLlama), re-read 2026-10-20 ($91.7K trailing-1y in June 2026); chain TVL $2.11M.","source":"DeFiLlama open-source on-chain adapter (iotex) + Token Terminal (Pro, Fresh Jun 10 2026, read via authenticated browser 2026-06-12)"},"assessed_date":"2026-09-24","severity":"info"},{"metric":"max_supply_capped","assessment_level":"api","record_type":"claim","verdict":"unverified","claim_holds_up":false,"claim":{"quote":"Max Supply 10 Billions IOTX","source_url":"https://docs.iotex.io/blockchain/learn-iotex/the-iotx-token","archive_url":null,"date":null},"reported":{"value":"10 billion IOTX maximum supply","source":"IoTeX docs, The IOTX Token (tokenomics table)","self_reported":null},"independent":{"value":"CoinGecko max_supply 10,000,000,000; circulating 9,441,368,555 (94.4%). Ethereum ERC-20 totalSupply reads 1.0e28 wei (10B); no cap() function present on that contract.","source":"CoinGecko /coins/iotex + Etherscan/RPC on the Ethereum IOTX ERC-20, via the coldstart evidence run 2026-08-10"},"assessed_date":"2026-09-24","severity":"info"},{"metric":"core_open_source","assessment_level":"api","record_type":"claim","verdict":"match","claim_holds_up":true,"claim":{"quote":"This project is licensed under the Apache License 2.0.","source_url":"https://github.com/iotexproject/iotex-core","archive_url":null,"date":null},"reported":{"value":"iotex-core licensed under Apache 2.0","source":"IoTeX GitHub, iotex-core README","self_reported":null},"independent":{"value":"iotexproject/iotex-core: Apache-2.0 licensed, not archived, 1,612 stars, 56 open issues, last push 2026-08-10 (active).","source":"GitHub API via the coldstart evidence run, 2026-08-10"},"assessed_date":"2026-09-24","severity":"info"},{"metric":"chain_tvl","assessment_level":"api","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"Very little capital is locked on the IoTeX chain.","independent":{"value":"$1,964,328 total value locked across IoTeX chains, re-read 2026-09-24 ($1,755,315 on 2026-09-18).","source":"DeFiLlama /v2/chains"},"assessed_date":"2026-09-24","severity":"info"},{"metric":"liquidity_depth","assessment_level":"api","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"IOTX is listed on many exchanges, but one venue carries almost all reported volume, so turnover overstates depth.","independent":{"value":"50 tickers across 45 venues, with Binance $176,958, MEXC $61,072, Gate $24,758, KuCoin $22,112 and HashKey (Exchange $11,447 + Global $5,537) all trading, and Coinbase still live at $39,543 ahead of the suspension announced for 23 September 2026. Of $10.71M reported 24h volume, BitDelta alone is $9,765,175, or 91.2%; every other venue totals $945,708. That single venue puts turnover at a 36.24% 7-day median, against roughly 3.2% without it. Kraken and Robinhood do not appear in CoinGecko's ticker set.","source":"CoinGecko tickers + market_chart, read 2026-09-06 (paginated ticker set, 7-day turnover median)"},"assessed_date":"2026-09-24","severity":"medium"},{"metric":"snapshot_governance_activity","assessment_level":"api","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"IoTeX's Snapshot governance space has not held a token-holder vote since IIP-40 in October 2024.","independent":{"value":"Seventeen proposals, and the last of them is IIP-40 on 28 October 2024; nothing has been put to a token-holder vote since. IIP-42 does not appear in the space, and the IIP document reads Status: Draft, created 20 March 2025; IIP-50 is also a Draft, IIP-52 carries no status line, and IIP-54 does not exist in the repository. Turnout was falling before the silence: 485 votes in October 2021 against 140 on the last proposal. The space's own declared website is https://iotex.io/, which binds it to the project.","source":"Snapshot Hub GraphQL (hub.snapshot.org/graphql), space iotex.eth, read 2026-09-06"},"assessed_date":"2026-09-24","severity":"high"},{"metric":"delegate_committee_halt_surface","assessment_level":"api","record_type":"claim","verdict":"match","claim_holds_up":true,"claim":{"quote":"In each iteration, a random committee of size 24 is selected from the candidate pool using VRF for creating blocks in the next 30 rounds.","source_url":"https://docs.iotex.io/blockchain/learn-iotex/core-concepts/consensus-mechanism","archive_url":null,"date":null},"reported":{"value":"A committee of 24 selected by VRF from the candidate pool","source":"IoTeX docs, Consensus Mechanism","self_reported":null},"independent":{"value":"The staking protocol (read 2026-10-04 via eth_call candidates(0,300) on the staking protocol 0x04c22afae6a03438b8fed74cb1cf441168df3f12 at babel-api.mainnet.iotex.io) lists 123 registered candidates, 69 with self-stake >= 1M IOTX; among those nine by vote weight exceed a third, the largest at 5.14% and the top ten at 36.61%. iotexscan.io/validators on 2026-09-20 listed 50 staked candidates with 24 marked active for the current epoch, matching the documented committee size; the 50 matches no protocol set. Votes are spread: the largest delegate (unicorn) carries 5.09% and the top ten 36.97%, so nine delegates by vote weight exceed a third, the same nine that a count-based 2/3 committee rule implies (9 of 24). Binance and Ankr run two of the active 24.","source":"iotexscan.io/validators, read in Chrome 2026-09-20 (Cloudflare returns 403 to non-browser clients); docs.iotex.io consensus-mechanism page for the 24-of-36 and 2/3 rules"},"assessed_date":"2026-09-24","severity":"info"},{"metric":"holder_concentration","assessment_level":"api","record_type":"finding","verdict":"unverifiable","claim_holds_up":false,"finding":"No independent holder distribution for native IOTX can be read: the explorer ranks staking buckets and the indexer behind it requires a token.","independent":{"value":"No independent holder distribution for native IOTX could be obtained, and this records what was searched rather than an absence assumed. iotexscan.io/top-accounts exists but ranks STAKING buckets, not balances, and returned 'Showing 0-0 of 0' in a browser on 2026-09-20. analyser-api.iotex.io (the GraphQL the explorer proxies) answers 'authorization header is required' without a token. No Blockscout instance serves IoTeX: iotex.blockscout.com, index.iotexscan.io and explorer.iotex.io all fail to resolve or 404. babel-api.mainnet.iotex.io is a working keyless EVM RPC but exposes no holder enumeration, which is a property of JSON-RPC rather than of this chain. The legacy Ethereum ERC-20 (0x6fb3...4d69) IS readable and reports 24,213 holders, but its totalSupply is the full 10,000,000,000, i.e. the pre-migration ledger rather than live native supply, so rating that leg would measure the wrong book.","source":"iotexscan.io/top-accounts read in Chrome 2026-09-20 (Cloudflare returns 403 to non-browser clients); analyser-api.iotex.io/graphql 401; eth.blockscout.com token endpoint for the legacy ERC-20 leg; babel-api.mainnet.iotex.io for chain liveness"},"assessed_date":"2026-09-24","severity":"info"}],"facts":[{"metric":"volume_turnover_pct","assessment_level":"api","kind":"measured","flag":"concentration","positive_control":false,"severity":"medium","detail":"BitDelta carries $9,765,175 of IOTX's $10.71M reported 24h volume (91.2%), so the turnover ratio measures one venue rather than market depth. Without it turnover is roughly 3.2% rather than 36.24%. Read the ratio for IOTX only alongside this flag.","assessed_date":"2026-09-06"}]}}