{"schema_version":2,"updated":"2026-10-22T15:25:37.457Z","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higher than independent data shows","understated":"reported lower than independent data shows","outdated":"was accurate when reported; on-chain reality has since moved","established":"our own independent measurement; there is no project claim to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":"theta-network","markdown":"https://ownyourmind.ai/projects/theta-network.md","title":"Theta Network","token":"THETA","category":"compute","freedomScore":5.8,"returnsScore":5.3,"freedomGrade":"C","returnsGrade":"D","url":"https://ownyourmind.ai/projects/theta-network/","integrity":{"assessment_level":"api","last_assessed":"2026-09-24","emission_honesty":null,"reconciliations":[{"metric":"chain_tvl","assessment_level":"api","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"DeFi TVL on the Theta chain is negligible, consistent with a media and compute network rather than a DeFi hub.","independent":{"value":"~$322,651 DeFi TVL on the Theta chain (DeFiLlama, 7-day median), re-read 2026-10-20 ($374,141 on 2026-09-24, ~$307,502 on 2026-09-18).","source":"DeFiLlama /v2/chains for [Theta]"},"assessed_date":"2026-09-24","severity":"info"},{"metric":"max_supply_fixed","assessment_level":"api","record_type":"claim","verdict":"match","claim_holds_up":true,"claim":{"quote":"The supply of THETA is fixed at 1 billion and will never increase.","source_url":"https://docs.thetatoken.org/docs/what-is-theta-network","archive_url":null,"date":null},"reported":{"value":"THETA supply fixed at 1 billion","source":"Theta docs, What is Theta Network","self_reported":null},"independent":{"value":"Confirmed fixed. The Theta chain explorer API (explorer-api.thetatoken.org/api/supply/theta) returns total_supply = 1,000,000,000 and circulation_supply = 1,000,000,000, corroborated by CoinGecko (total 1B / max 1B / circulating 1B). THETA is non-inflationary by protocol design: it is the fixed-supply governance/staking token minted in full at genesis, while TFUEL is the separate, inflationary gas token. So there is no THETA issuance mechanism.","source":"Theta chain explorer API (explorer-api.thetatoken.org/api/supply/theta) + CoinGecko total/max, read 2026-08-12"},"assessed_date":"2026-09-24","severity":"info"},{"metric":"open_source_footprint","assessment_level":"api","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"Theta's core node is public under GPL-3.0, but most of its own repositories carry no licence file or have gone quiet.","independent":{"value":"Re-read 2026-09-18 through the GitHub API: 39 non-fork public repositories in github.com/thetatoken (57 public in total, 18 of them forks), 28 with no licence file and 34 not pushed in 180 days. The core node theta-protocol-ledger is GPL-3.0 and not archived.","source":"GitHub REST API (orgs/thetatoken/repos), re-read 2026-09-18"},"assessed_date":"2026-09-24","severity":"info"},{"metric":"liquidity_depth","assessment_level":"api","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"THETA trades on several major centralised venues but not on Coinbase or Kraken, and depth is modest.","independent":{"value":"58 tickers across 38 venues, including Binance, KuCoin, Gate and Crypto.com Exchange, and no Coinbase pair. Kraken lists no THETA pair: its AssetPairs endpoint returns \"Unknown asset pair\" for THETAUSD and no pair in its book contains THETA, while the same call resolves OCEANUSD. Depth is modest and not led by the majors, with Phemex ahead of Binance, and turnover is a 2.06% 7-day median.","source":"CoinGecko tickers + market_chart, read 2026-09-06 (paginated ticker set, 7-day turnover median)"},"assessed_date":"2026-09-24","severity":"low"},{"metric":"validator_barrier_and_halt_surface","assessment_level":"api","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"Validator entry is open at a 200,000 THETA minimum, but the two largest validators together hold over a third of stake, enough to halt the chain.","independent":{"value":"Theta's validator guide (updated 10 November 2025) states a 200,000 THETA minimum, a permissionless set and a cap of 31 by stake; the explorer stake API shows 21 live validators on 2026-09-20, nine of them staking 200,000-220,000 THETA. Validator stake is 67.27M THETA, top five 76.11%, and the two largest (15M each, 44.6% together) exceed the one-third halt threshold: halt coefficient 2. Guardians: 2,155 staked nodes, with a guardian halt coefficient also of 2 because the largest guardian address holds a quarter of guardian stake.","source":"docs.thetatoken.org/docs/running-a-theta-validator (200,000 minimum, permissionless, max 31) + explorer-api.thetatoken.org /api/stake/all via scripts/refresh-validator-sets.ts, 2026-09-20"},"assessed_date":"2026-09-24","severity":"medium"},{"metric":"holder_concentration","assessment_level":"api","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"THETA's liquid top ten is low for the sector once one exchange wallet is set aside, but about a third of supply sits in stake this read cannot see.","independent":{"value":"The liquid picture is flatter than the allocation suggests, and it cannot see the reserve. Top-10 liquid accounts hold 24.72% of the 1B supply, 16.24% after excluding Binance 8 (9.42%, the largest liquid holder). The next largest is 3.59% and unlabelled. No account in the top twenty holds anything like a 36.3% reserve, and about a third of supply sits in stake records the account list does not show, so where the Theta Labs reserve lives (staked, spread, or partly sold) is not settled by this read.","source":"explorer-api.thetatoken.org /api/account/top/theta/20 via scripts/refresh-holder-concentration.py, read 2026-09-20; Etherscan label for the Binance key"},"assessed_date":"2026-09-24","severity":"low"}],"facts":[]}}