{"schema_version":2,"updated":"2026-10-22T15:25:37.427Z","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higher than independent data shows","understated":"reported lower than independent data shows","outdated":"was accurate when reported; on-chain reality has since moved","established":"our own independent measurement; there is no project claim to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":"io-net","markdown":"https://ownyourmind.ai/projects/io-net.md","title":"io.net","token":"IO","category":"compute","freedomScore":3.9,"returnsScore":5.4,"freedomGrade":"F","returnsGrade":"D","url":"https://ownyourmind.ai/projects/io-net/","integrity":{"assessment_level":"onchain-reconciled","last_assessed":"2026-09-23","emission_honesty":null,"reconciliations":[{"metric":"active_gpus","assessment_level":"onchain-reconciled","record_type":"claim","verdict":"inflated","claim_holds_up":false,"claim":{"quote":"io.net's network includes over 30,000 GPUs and 80,000 CPUs distributed across 130+ countries, making it one of the largest decentralized GPU networks for AI compute.","source_url":"https://io.net/","archive_url":null,"date":null},"reported":{"value":"Over 30,000 GPUs and 80,000 CPUs across 130+ countries","source":"io.net homepage, FAQ structured data","self_reported":null},"independent":{"value":"6,720 daily-average verified active GPUs (Messari, Q1 2025, the most recent independent measurement). io.net's own inventory API contradicts the current headline: on 20 October 2026 it listed 1,305 devices active (1,483 on 13 October, 758 on 7 October, 1,199 on 13 August), against 30,000+ marketed. The active count swings widely between reads. In August the inventory was dominated by single-card units (709 RTX 4090, 584 H100 80G PCIe spot, 512 H100 80GB HBM3), with only 128 of the 2,447 devices NVLink, SXM or DGX class, so the device count cannot be reconciled to 30,000 GPUs by multi-GPU hosts.","source":"Messari, State of io.net Q1 2025 (verified active-GPU count)"},"assessed_date":"2026-10-13","severity":"high"},{"metric":"circulating_supply","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"unverified","claim_holds_up":false,"finding":"About half of IO's 800M maximum supply circulates on CoinGecko's count; we have not yet derived the figure on chain.","independent":{"value":"381.48M circulating (47.7% of the 800M max) per CoinGecko, August 2026. The review binds the live figure into its fact strip rather than quoting a fixed number.","source":"CoinGecko circulating supply via our refresher (circulating_supply_cg), August 2026"},"assessed_date":"2026-09-23","severity":"low"},{"metric":"supply_cap_enforcement","assessment_level":"onchain-reconciled","record_type":"claim","verdict":"match","claim_holds_up":true,"claim":{"quote":"The total supply of $IO is capped at 800 million coins.","source_url":"https://io.net/docs/guides/coin/io-tokenomics","archive_url":null,"date":null},"reported":{"value":"Total supply capped at 800 million IO","source":"io.net docs, IO Tokenomics","self_reported":null},"independent":{"value":"Confirmed fixed and enforced at the token layer. getTokenSupply on the IO SPL mint (BZLbGTNCSFfoth2GYDtwr7e4imWzpR5jqcUuGEwr646K, 8 decimals) returns 798,538,520.02 IO, just under the 800M headline and matching the CoinGecko total exactly. getAccountInfo shows mintAuthority = NULL, so no key can issue further IO; the only direction supply can move is down, through the burn side of the IDE reward loop.","source":"Solana JSON-RPC getTokenSupply + getAccountInfo on the IO mint (coldstart solana source), 2026-08-13"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"token_admin_surface","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"The IO mint has no freeze authority and no mint authority, so nobody can freeze an IO account or issue more IO.","independent":{"value":"The IO SPL mint has freezeAuthority = NULL: no authority can freeze an IO token account, so there is no token-layer censorship lever. Combined with the null mint authority the token is immutable at the SPL layer.","source":"Solana JSON-RPC getAccountInfo on the IO mint, 2026-08-13"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"holder_concentration","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"IO's ten largest token accounts hold most of the supply, and most of that sits project-side in foundation multisigs and the vesting apparatus.","independent":{"value":"The top 10 IO token accounts hold 58.82% of the 798,213,540 total supply, and all 10 owners are now labelled: 30.46% in two Squads multisig vaults Solscan names 'ocean foundation', 13.71% in the project's distribution and vesting apparatus, and 14.64% in exchange custody (2026-08-14).","source":"Solana JSON-RPC getTokenLargestAccounts + getAccountInfo on the IO mint, 2026-08-14; owner labels and Squads vault names per Solscan"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"open_source_footprint","assessment_level":"onchain-reconciled","record_type":"claim","verdict":"inflated","claim_holds_up":false,"claim":{"quote":"The Open Source AI Infrastructure Platform","source_url":"https://io.net/","archive_url":null,"date":null},"reported":{"value":"The open source AI platform built for scale (homepage heading; page title 'The Open Source AI Infrastructure Platform')","source":"io.net homepage","self_reported":null},"independent":{"value":"The platform code is not public. The github.com/ionet-official org carries 9 public repositories, and none of them is the orchestration stack: they are a setup script, a launch BINARIES repo (75 stars, no licence file), a docs site, a chatbot, an attestation API and demo apps. Only three carry any licence at all (MIT, MIT, Apache-2.0). A reader who takes the tagline at face value cannot inspect, audit or self-host what io.net actually runs.","source":"GitHub API (ionet-official org + full repo listing), 2026-08-13"},"assessed_date":"2026-09-23","severity":"medium"},{"metric":"total_devices","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"unverifiable","claim_holds_up":false,"finding":"io.net's own inventory endpoint lists 1,253 of 2,976 registered devices as active, and no independent device count exists.","independent":{"value":"No independent measurement. io.net's own io-explorer inventory endpoint reads 2,976 registered devices and 1,253 active.","source":"io.net io-explorer inventory API (self-reported)"},"assessed_date":"2026-09-23","severity":"low"},{"metric":"ide_burn_total","assessment_level":"onchain-reconciled","record_type":"claim","verdict":"match","claim_holds_up":true,"claim":{"quote":"Revenues from the IOG Network are used to purchase and burn $IO.","source_url":"https://io.net/docs/guides/coin/io-tokenomics","archive_url":null,"date":null},"reported":{"value":"Network revenue is used to buy and burn IO","source":"io.net docs, IO Tokenomics","self_reported":null},"independent":{"value":"Corroborated on chain to within 0.16%. IO is an SPL token whose mint authority is NULL, established in the token_admin_surface row, so total supply can only fall and every fall is a burn. The mint reads 797,850,563.36 against a documented initial 800,000,000, which implies 2,149,436.64 burned; io.net's own tokenomics endpoint reports 2,146,039.34. The 3,397-token gap is 0.16% and the two sides were read moments apart from different systems, so it is a reporting-lag artefact rather than a discrepancy: io.net's figure is epoch-aggregated while the mint is continuous.","source":"Solana getTokenSupply on the IO mint (BZLb…646K), read 2026-09-18, against the documented 800,000,000 initial supply"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"ide_client_io_purchased","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"io.net's reported client burns reconcile with the chain epoch by epoch, which puts a floor under its reported IO purchases.","independent":{"value":"Floored on chain, with the purchase figure itself remaining io.net's. On 2026-09-19 the newest 294 settled epochs, five weeks from 12 August to 18 September, were reconciled one by one: each epoch's reported burn was matched against the SPL burn on the IO mint in that epoch's on-chain settlement transaction, and 294 of 294 match to six decimals with 0 mismatches (688,598.285 IO on chain against 688,598.285 reported). The cumulative burn is separately verified against the mint's supply reduction. io.net reports 5,802,542 IO purchased and 2,146,039 burned, a 37.0% burn share; with the burn verified on chain and the share published, purchases cannot be below 5,802,542 IO on io.net's own accounting. What is NOT on chain is the purchases themselves, which settle in fiat and USDC as well as IO, so the purchase total stays a reported figure with a verified floor rather than a measured one.","source":"Solana IO mint burns per epoch account (programme TNE25rFy…), indexed 2026-09-19"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"liquidity_depth","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"IO trades actively across dozens of venues, including Binance and Coinbase, with high daily turnover for its market cap.","independent":{"value":"Binance quotes IO at $935,280, second by volume across 73 tickers on 59 venues totalling $7.58M, and turnover is a 13.86% 7-day median: roughly a seventh of the market cap changes hands daily. The leader is Aivora Exchange at 13.5%, with Coinbase also quoting it.","source":"CoinGecko tickers (paginated) + turnover from src/data/turnover.json, read 2026-09-06"},"assessed_date":"2026-09-23","severity":"low"}],"facts":[]}}