{"schema_version":2,"updated":"2026-10-19T17:04:15.746Z","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higher than independent data shows","understated":"reported lower than independent data shows","outdated":"was accurate when reported; on-chain reality has since moved","established":"our own independent measurement; there is no project claim to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":"akash","markdown":"https://ownyourmind.ai/projects/akash.md","title":"Akash Network","token":"AKT","category":"compute","freedomScore":6.6,"returnsScore":6.8,"freedomGrade":"C","returnsGrade":"C","url":"https://ownyourmind.ai/projects/akash/","integrity":{"assessment_level":"onchain-reconciled","last_assessed":"2026-10-18","emission_honesty":{"classification":"not-applicable","reason":"Akash is a Cosmos L1 with a take-rate / fee-burn model rather than participant reward emissions tied to revenue; the emission-honesty question (rewards inflation-funded vs revenue-funded) does not map cleanly. Recorded as a deliberate determination, not unassessed."},"reconciliations":[{"metric":"bme_akt_burned_figure","assessment_level":"onchain-reconciled","record_type":"claim","verdict":"match","claim_holds_up":true,"claim":{"quote":"Vault accounting: “Burn” moves AKT into a BME vault module account (circulating supply goes down).","source_url":"https://akash.network/roadmap/aep-76/","archive_url":null,"date":null},"reported":{"value":"Burn moves AKT into the BME vault; circulating supply falls","source":"Akash AEP-76, Burn Mint Equilibrium (design document)","self_reported":null},"independent":{"value":"On-chain permanent AKT burn (x/bme total_burned uakt) = 0. AKT sits in the BME vault, 591,163 AKT as at 2026-09-18, and the balance oscillates by design: it filled to 690,147 earlier the same day and drew back to 591,163 as credit was reminted.","source":"Akash LCD x/bme vault (akash-api.polkachu.com/akash/bme/v1/vault)"},"assessed_date":"2026-09-23","severity":"low"},{"metric":"bme_onchain_operation","assessment_level":"onchain-reconciled","record_type":"claim","verdict":"match","claim_holds_up":true,"claim":{"quote":"Under AEP-76, deployments mint stable internal credits by burning AKT.","source_url":"https://akash.network/token/","archive_url":null,"date":null},"reported":{"value":"Deployments mint stable credits (ACT) by burning AKT","source":"Akash Network, AKT token page (akash.network/token)","self_reported":null},"independent":{"value":"On-chain x/bme vault (AEP-76): 968,221 ACT minted and 799,299 ACT burned cumulatively since activation; 586,153 AKT held as vault backing / remint credit; 0 AKT permanently burned. The loop is demonstrably operating on-chain.","source":"Akash LCD x/bme vault module (akash-api.polkachu.com/akash/bme/v1/vault)"},"assessed_date":"2026-09-23","severity":"low"},{"metric":"lease_fee_revenue","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"Tenants pay lease fees on-chain, and the trailing-year total runs in the low millions of dollars.","independent":{"value":"$1,983,371 trailing-year / $6,211,646 all-time on-chain lease fees (DeFiLlama akash-network adapter, read 2026-09-20).","source":"DeFiLlama open-source on-chain adapter (akash-network)"},"assessed_date":"2026-09-23","severity":"low"},{"metric":"demand_source_concentration","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"Paid lease demand on Akash is concentrated: one payer accounts for about half of active lease spend, and the top two for most of it.","independent":{"value":"On 18 October 2026, grouping all 1,454 active leases by payer gives 574 distinct payers and total paid demand of about 6,578 ACT a day. The single largest payer holds 52.3% and the top two 84.4%. On 17 August the same address held 72.5% of about 11,675 ACT a day, so its spend fell from about 8,466 to 3,442 ACT a day while the other payers stayed near 3,200. That address (akash1scs6vfgwamnnarmsz26yy63244pakvul5rszxs) is still topped up from one custody account (akash1226a4mhmdseh3mz34rslc0ud4pc9k4dwnn2d83; 40,000 AKT on 13 October 2026), which sends to many other addresses, a pattern consistent with an exchange or custodian funding a corporate tenant. Nothing on-chain identifies the custody account as Overclock Labs or AkashML. The second-largest payer (32.1%) receives no MsgSend from that custody account or any other, so it does not share the funding path.","source":"OYM Akash demand index (scripts/refresh-akash-demand.ts), akash/market/v1beta5 active leases grouped by payer"},"assessed_date":"2026-10-18","severity":"medium"},{"metric":"inflation_cap","assessment_level":"onchain-reconciled","record_type":"claim","verdict":"match","claim_holds_up":true,"claim":{"quote":"Reducing inflation max to 4% pulls the 24-month supply path back onto the originally intended curve.","source_url":"https://www.mintscan.io/akash/proposals/322","archive_url":null,"date":"2026-05-15"},"reported":{"value":"Inflation max cut to 4% (Proposal 322, passed 15 May 2026)","source":"Akash governance Proposal 322 (passed on-chain)","self_reported":null},"independent":{"value":"The Akash x/mint parameters read inflation_max 4.0%, inflation_min 3.0%, goal_bonded 67%; live inflation is 4.0% and annual provisions are 11,869,907 AKT against a 296,747,666 AKT total supply. The x/distribution community_tax reads 70%. Proposal 322 (passed 15 May 2026, 55.46M AKT yes vs 0.82M no) executed the change: inflation max 8% -> 4%, min 4% -> 3%, community pool tax 50% -> 70%.","source":"Akash LCD (rest.cosmos.directory/akash): cosmos/mint/v1beta1/{inflation,params,annual_provisions}, cosmos/distribution/v1beta1/params, cosmos/bank/v1beta1/supply/by_denom, cosmos/gov/v1/proposals/322"},"assessed_date":"2026-09-23","severity":"medium"},{"metric":"supply_cap","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"AKT has no supply cap: the mint module keeps issuing with no ceiling parameter, and the 388.5M genesis-schedule figure is not enforced on-chain.","independent":{"value":"On-chain bank supply reads 296,747,666.10 AKT and the x/mint module continues to issue at 4% annually with no cap parameter; nothing in the module enforces 388,539,008. The on-chain figure matches CoinGecko's 296,746,575 total supply to within 0.0004%.","source":"Akash LCD cosmos/bank/v1beta1/supply/by_denom?denom=uakt + cosmos/mint/v1beta1/params; CoinGecko total_supply (cross-read)"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"validator_set","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"Akash's validator set is open but concentrated: five validators hold enough stake to halt the chain.","independent":{"value":"84 bonded validators against a 100-validator cap, securing 91,466,381 AKT (30.8% of total supply bonded). Stake is concentrated: the largest validator holds 11.5%, the top 5 hold 37.3% and the top 10 hold 60.1%, giving a Nakamoto coefficient of 5 (five validators can halt the chain).","source":"Akash LCD cosmos/staking/v1beta1/{validators,pool,params}"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"governance_authority","assessment_level":"onchain-reconciled","record_type":"claim","verdict":"match","claim_holds_up":true,"claim":{"quote":"AKT holders participate in on-chain voting to approve software upgrades, manage parameter shifts, and guide strategic resource allocation.","source_url":"https://akash.network/token/","archive_url":null,"date":null},"reported":{"value":"AKT holders vote on-chain on upgrades, parameters and resource allocation","source":"Akash Network, AKT token page (akash.network/token)","self_reported":null},"independent":{"value":"Re-read 2026-09-18 from the chain's own x/gov module via v1: 162 proposals, 141 passed and 20 rejected. Confirmed at G2 on the governance ladder. The live x/mint and x/distribution parameters carry authority akash10d07y265gmmuvt4z0w9aw880jnsr700jhe7z0f (the gov module account), and Proposal 322 executed MsgUpdateParams on both modules after a token-holder vote that closed 15 May 2026 (55.46M AKT yes, 0.82M no, 2.25M abstain). Monetary policy and the community pool are changed by binding on-chain votes, with no separate admin key in the path.","source":"Akash LCD cosmos/gov/v1/proposals/322 (messages + final_tally_result) + cosmos/mint/v1beta1/params"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"open_source_footprint","assessment_level":"onchain-reconciled","record_type":"claim","verdict":"match","claim_holds_up":true,"claim":{"quote":"Open-source Apache 2.0 Licensed.","source_url":"https://akash.network/docs/","archive_url":null,"date":null},"reported":{"value":"Open source, Apache 2.0 licence","source":"Akash Network documentation (site footer)","self_reported":null},"independent":{"value":"Confirmed. The github.com/akash-network org carries 73 public repositories; the core node repo (akash-network/node) is Apache-2.0, 1,104 stars, not archived, and was last pushed 2026-07-24, three weeks before this check.","source":"GitHub API (akash-network org + akash-network/node), 2026-08-13"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"bme_permanent_akt_burn","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"No AKT has been permanently destroyed by the burn-and-mint vault since it activated; AKT moves into the vault and back out to providers.","independent":{"value":"0 AKT permanently burned (x/bme vault_state.total_burned, denom uakt).","source":"Akash LCD x/bme vault (akash-api.polkachu.com/akash/bme/v1/vault)"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"bme_act_redeemed","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"Providers redeem most of the ACT credit the vault issues, so the burn-and-mint loop closes rather than piling up unspent credit.","independent":{"value":"799,299 ACT burned (redeemed) against 968,221 ACT minted since activation, so 82.6% of issued credit has been claimed.","source":"Akash LCD x/bme vault (akash-api.polkachu.com/akash/bme/v1/vault)"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"community_pool_balance","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"Token-holder governance controls a funded community pool, fed by a 70% tax on new issuance.","independent":{"value":"5,702,854 AKT in the x/distribution community pool.","source":"Akash LCD cosmos/distribution/v1beta1/community_pool"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"liquidity_depth","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"AKT trades on major centralised exchanges including Coinbase, Kraken and KuCoin at moderate turnover; Binance does not list it.","independent":{"value":"Coinbase, Kraken and KuCoin all quote AKT across 30 tickers on 19 venues, re-read 2026-10-07 (34 on 2026-09-29), and no Binance market appears anywhere in the set (Binance exchangeInfo returns AKTUSDT as an invalid symbol, re-checked 2026-10-07). Upbit leads at 28.7% of 24h volume, then HTX at 16.8% and Coinbase at 13.1%, with Bithumb and Paribu adding Korean and Turkish access.","source":"CoinGecko tickers (paginated) + turnover from src/data/turnover.json, read 2026-09-06"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"consensus_censorship_surface","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"A handful of Akash validators could halt the chain: five together hold more than a third of stake.","independent":{"value":"Re-read 2026-09-18 from the chain's own endpoint: 82 active validators, halt coefficient 5 (the fewest exceeding a third of stake), top-10 share 60.88%.","source":"cosmos consensus read via scripts/refresh-validator-sets.ts, read 2026-09-07"},"assessed_date":"2026-09-23","severity":"medium"},{"metric":"holder_concentration","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"AKT's liquid holder base is broad: over a million accounts hold a balance, and the ten largest accounts outside the chain's own modules hold under a third of supply.","independent":{"value":"1,136,071 accounts hold a non-zero AKT balance, every one of them enumerated rather than sampled. Ten accounts hold 63.10% of the 298,014,361 AKT bank supply, but three of those are the chain's own module accounts (bonded_tokens_pool 30.78%, not_bonded_tokens_pool 4.74%, distribution 3.44%), leaving an infra-excluded top ten of 29.48%. The largest non-module account holds 7.78% and the next six sit between 3.14% and 2.09%. Seven of the ten carry no label anywhere Akash publishes.","source":"cosmos/bank/v1beta1/denom_owners/uakt enumerated in full (228 pages of 5,000) against cosmos/bank/v1beta1/supply/by_denom, with module addresses from cosmos/auth/v1beta1/module_accounts, all via akash-rest.publicnode.com through scripts/refresh-holder-concentration.py, read 2026-09-20"},"assessed_date":"2026-09-23","severity":"low"}],"facts":[{"metric":"revenue_definition","assessment_level":"onchain-reconciled","kind":"measured","flag":"definitional-gap","positive_control":false,"severity":"medium","detail":"Three figures co-exist and measure DIFFERENT things; do not conflate them. (1) Lease REVENUE (protocol take): Messari ~$3.15M full-year 2025, ~$1.0M annualised Q1-2026 run-rate. (2) Lease FEES on-chain (DeFiLlama): $1.90M trailing-1y / $5.84M all-time (2026-08-17). (3) Akash self-reported '~$5M Q1-2026 compute spend' is a broader GROSS figure across all categories, NOT protocol lease revenue, and must not be annualised as revenue.","assessed_date":"2026-08-17"},{"metric":"bme_akt_permanent_burn","assessment_level":"onchain-reconciled","kind":"measured","flag":"definitional-gap","positive_control":false,"severity":"low","detail":"RESOLVED 2026-07-26 (see bme_akt_burned_figure reconciliation). BME 'burn' has TWO layers: (1) 'removed from circulation' -- AKT moved into the BME vault as ACT backing (circulating supply down, NOT destroyed), and (2) 'permanent burn' -- net AKT destroyed ONLY when AKT appreciates between top-up and settlement (fewer AKT reminted to providers than vaulted). Confirmed by Messari's own 'pulled out of circulation / shrinking circulating supply' wording AND the AEP-76 spec (\"'Burn' moves AKT into a BME vault module account; circulating supply goes down\"). On-chain: permanent burn (total_burned uakt) = 0; the AKT Messari counts sits in the vault (balances 562,506 + remint_credits 262,506, 2026-07-26). Messari's '53,520 AKT burned (31 Mar 2026)' is the layer-1 circulating-supply figure, NOT total-supply destruction. Editorial must not imply permanent destruction.","assessed_date":"2026-07-26"}]}}