{"schema_version":2,"updated":"2026-10-19T17:04:15.806Z","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higher than independent data shows","understated":"reported lower than independent data shows","outdated":"was accurate when reported; on-chain reality has since moved","established":"our own independent measurement; there is no project claim to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":"venice","markdown":"https://ownyourmind.ai/projects/venice.md","title":"Venice","token":"VVV","category":"inference","freedomScore":5.6,"returnsScore":6.9,"freedomGrade":"C","returnsGrade":"C","url":"https://ownyourmind.ai/projects/venice/","integrity":{"assessment_level":"onchain-reconciled","last_assessed":"2026-09-23","emission_honesty":{"classification":"mixed","reason":"Staking yield is paid in newly minted VVV (inflationary, owner-mint on the token contract, no hard cap) and Venice discloses this. A separate revenue-funded buyback-and-burn (monthly since Dec 2025, plus per-event burns on new subscriptions and credit purchases) offsets net supply; 33.83M VVV sits at the 0x0 burn address on-chain (2026-08-09). Net trajectory is disinflationary but the participant yield itself is emission-funded."},"reconciliations":[{"metric":"gpu_compute_sourcing","assessment_level":"onchain-reconciled","record_type":"claim","verdict":"unverified","claim_holds_up":false,"claim":{"quote":"The GPUs that process your inference requests come from multiple decentralized providers","source_url":"https://venice.ai/about","archive_url":null,"date":null},"reported":{"value":"GPUs come from multiple decentralized providers","source":"Venice, About page (venice.ai/about)","self_reported":null},"independent":{"value":null,"source":"GPU-provider sourcing is off-chain. Venice does not publish which providers serve its traffic or how requests are split between them, so the mix cannot be rebuilt from outside."},"assessed_date":"2026-09-23","severity":"low"},{"metric":"no_token_governance","assessment_level":"onchain-reconciled","record_type":"claim","verdict":"match","claim_holds_up":true,"claim":{"quote":"No governance","source_url":"https://venice.ai/blog/introducing-the-venice-token-vvv","archive_url":null,"date":null},"reported":{"value":"No governance rights attached to VVV","source":"Venice VVV launch post, VVV Token Details","self_reported":null},"independent":{"value":"No governance mechanism is deployed: VVV mint authority and StakingV2 upgrade authority are held by a 4-of-6 Gnosis Safe v1.4.1 (0x2D8CB8DC), with no timelock and no enabled modules. No Governor, Snapshot execution or timelock is deployed.","source":"BaseScan + Base RPC (Safe getOwners/getThreshold/getModulesPaginated; VVV owner() -> StakingV2 owner() -> Safe), 2026-08-09"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"centralised_company_disclosure","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"A 4-of-6 Safe controls VVV emissions and staking-logic upgrades, and no distributed governance is deployed.","independent":{"value":"A 4-of-6 Safe controls emissions and staking-logic upgrades; no distributed governance exists.","source":"BaseScan + Base RPC (same control-chain trace), 2026-08-09"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"fair_launch_no_vc","assessment_level":"onchain-reconciled","record_type":"claim","verdict":"match","claim_holds_up":true,"claim":{"quote":"There were no pre-sales of any kind.","source_url":"https://venice.ai/blog/introducing-the-venice-token-vvv","archive_url":null,"date":"2025-01-27"},"reported":{"value":"No pre-sales of any kind","source":"Venice VVV launch post","self_reported":null},"independent":{"value":"No sale contract; issuance is owner-mint emissions on the token contract. Allocation as documented, no VC/private tranche. Company raised a Series A (July 2026) as equity, separate from token allocation.","source":"BaseScan (VVV contract owner-gated functions = mint + transferOwnership only) + documented allocation"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"holder_concentration","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"VVV is held across a wide base, but the ten largest non-infrastructure holders still hold close to a third of supply.","independent":{"value":"Measured on Base 2026-09-18 across 150,671 holders: the top ten hold 63.37% of supply raw, and 30.72% once infrastructure addresses are excluded, with 33.17% of supply sitting in infrastructure (staking, treasury, liquidity, burn) and 26.97% of the raw top ten identifiable as insider. Four of the top ten are unlabelled. So the airdrop-led launch did produce a wide base, and a third of the float still sits in ten hands once the protocol's own contracts are set aside.","source":"Blockscout Base token holder index via scripts/refresh-holder-concentration.py, 2026-09-18"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"token_layer_censorship","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"The VVV token contract has no pause, freeze or blacklist function, and it is not upgradeable.","independent":{"value":"Verified VVV source exposes no pause, freeze, or blacklist function; owner-gated functions are mint + transferOwnership only, and the contract is not upgradeable (no EIP-1967 slots).","source":"BaseScan verified source + Base RPC storage slots, 2026-08-09"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"uncensored_inference","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"Most of Venice's text models are open-weight models it hosts itself; the rest are closed frontier models proxied to outside providers.","independent":{"value":"Read from Venice's own public model API on 2026-09-17: 118 text models, of which 69 are Venice-hosted open-weight (model_spec.privacy \"private\") and 49 are closed frontier models proxied to an external provider (\"anonymized\"), including every Gemini entry. Three of the 69 are explicitly uncensored builds (venice-uncensored-1-2, venice-uncensored-role-play, and an abliterated GLM-4.7 variant). Recall resistance holds for the 69 Venice-hosted models and does not for the other 49, which a third-party provider can withdraw at any time.","source":"api.venice.ai/api/v1/models (public, no auth), read 2026-09-17"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"no_server_side_storage","assessment_level":"onchain-reconciled","record_type":"claim","verdict":"unverified","claim_holds_up":false,"claim":{"quote":"Your conversation history stays on your device. Venice never stores it on its servers.","source_url":"https://venice.ai/privacy","archive_url":null,"date":null},"reported":{"value":"Conversation history stays on the device and is never stored on Venice's servers","source":"Venice, Privacy page (venice.ai/privacy)","self_reported":null},"independent":{"value":null,"source":"The proxy is closed-source; no independent privacy audit exists (the third-most-requested feature). Privacy rests on architectural isolation and policy, not a cryptographic guarantee for the base modes."},"assessed_date":"2026-09-23","severity":"medium"},{"metric":"tee_e2ee_modes","assessment_level":"onchain-reconciled","record_type":"claim","verdict":"unverified","claim_holds_up":false,"claim":{"quote":"Inference runs inside a hardware-isolated enclave operated by external TEE partners (NEAR AI Cloud and Phala Network).","source_url":"https://venice.ai/privacy","archive_url":null,"date":null},"reported":{"value":"TEE inference in enclaves run by NEAR AI Cloud and Phala Network","source":"Venice, Privacy page (venice.ai/privacy)","self_reported":null},"independent":{"value":"Read from Venice's own model API on 2026-09-18: of 117 models, 12 carry supportsTeeAttestation and the same 12 carry supportsE2EE, all of them Venice-hosted (privacy \"private\") and all named with an e2ee- prefix, so the two capabilities are one offering. No proxied model carries TEE attestation, which is the negative control: the capability tracks the models Venice runs itself. This establishes what is offered; no attestation has been run against the live endpoint.","source":"api.venice.ai/api/v1/models (Venice's own API, public, no auth), read 2026-09-18"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"contracts_verified","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"The VVV token and StakingV2 contracts carry verified source on BaseScan.","independent":{"value":"VVV token and StakingV2 both show verified source on BaseScan (Solidity 0.8.26).","source":"BaseScan getsourcecode (Etherscan v2, chainid 8453), 2026-08-09"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"open_platform","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"Venice's core inference engine and proxy are closed source; only peripheral repositories are public.","independent":{"value":"Core inference engine, proxy, and platform code are closed-source; only peripheral repos are public. Privacy claims cannot be independently verified because the proxy code is not published.","source":"GitHub org (11 public repos, none the core proxy) + Venice's own technical.open_source = false"},"assessed_date":"2026-09-23","severity":"low"},{"metric":"staking_utility","assessment_level":"onchain-reconciled","record_type":"claim","verdict":"match","claim_holds_up":true,"claim":{"quote":"Earn yield on your staked VVV.","source_url":"https://venice.ai/lp/vvv","archive_url":null,"date":null},"reported":{"value":"Stake VVV to earn yield","source":"Venice, VVV page (venice.ai/lp/vvv)","self_reported":null},"independent":{"value":"StakingV2 contract live on Base (UUPS proxy, 51 functions incl. stake/claim), and it is VVV's owner, so it holds the token's owner-gated mint.","source":"BaseScan verified StakingV2 source + Base RPC, 2026-08-09"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"diem_credit_loop","assessment_level":"onchain-reconciled","record_type":"claim","verdict":"match","claim_holds_up":true,"claim":{"quote":"Lock sVVV to mint DIEM at the current Mint Rate","source_url":"https://venice.ai/blog/introducing-diem-as-tokenized-intelligence-the-next-evolution-of-vvv","archive_url":null,"date":"2025-08-20"},"reported":{"value":"Lock sVVV to mint DIEM","source":"Venice DIEM launch post","self_reported":null},"independent":{"value":"DIEM token + mint/escrow contracts live on Base (tracked by the DIEM mint-history index).","source":"OYM DIEM mint-history index (refresh-diem-mint-history.ts) on Base"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"token_burns","assessment_level":"onchain-reconciled","record_type":"claim","verdict":"match","claim_holds_up":true,"claim":{"quote":"Since November 2025, Venice uses a portion of monthly revenue to buy VVV, and has burned it every month since December 2025.","source_url":"https://venice.ai/lp/vvv","archive_url":null,"date":null},"reported":{"value":"Revenue-funded VVV buys from November 2025, burned monthly since December 2025","source":"Venice, VVV page (venice.ai/lp/vvv)","self_reported":null},"independent":{"value":"33.83M VVV at the 0x0 burn address (2026-08-09); effective supply 80.75M (on-chain totalSupply 114.57M minus burn). Most of the burn balance is the one-off burn of unclaimed airdrop tokens in March 2025; the monthly buybacks and per-event burns add to it.","source":"OYM Alchemy Base on-chain burn index (refresh-vvv-burns.ts), verified against BaseScan 0x0 balance and CoinGecko effective supply, 2026-08-09"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"uncapped_supply","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"VVV has no supply cap: the contract has no cap function and issuance is an owner-gated mint.","independent":{"value":"No cap() on the contract; owner-mint issuance confirmed; CoinGecko max_supply null. Live effective supply 80,955,440 (on-chain totalSupply 114,809,304 minus 33,853,864 burn), re-read 2026-09-08; was 80.75M at the 2026-08-09 assessment.","source":"Base RPC totalSupply + balanceOf(0x0) + BaseScan verified ABI + CoinGecko; re-read 2026-09-08"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"emission_rate","assessment_level":"onchain-reconciled","record_type":"claim","verdict":"match","claim_holds_up":true,"claim":{"quote":"The change rolls out in two steps: a 500k cut on September 1 (to 2.5M VVV/year) and another 500k cut on October 1 (to 2M VVV/year).","source_url":"https://venice.ai/blog/tokenomics-update-credit-burns-and-diem-supply-expansion","archive_url":null,"date":"2026-08-05"},"reported":{"value":"2.5M VVV/year from 1 September 2026; 2M VVV/year from 1 October 2026","source":"Venice blog, Tokenomics Update: Credit Burns and a Higher DIEM Supply Target (5 Aug 2026)","self_reported":null},"independent":{"value":"Measured on-chain, every step: 14,000,000/yr to 19 Aug 2025; 10,000,000 from 20 Aug 2025; 8,000,000 from 23 Oct 2025; 6,000,000 from 11 Feb 2026; 5,000,000 from 1 May 2026; 4,000,000 from 1 Jun 2026; 3,000,000 from 1 Jul 2026; 2,545,931/yr annualised over 1-8 Sep 2026 against a nominal 2,500,000; 2,000,000 from 1 Oct 2026 (sVVV EmissionRateUpdated in tx 0xe7297702...8a2799 at 14:10:31 UTC; totalSupply +5,482 VVV/day over 2-3 Oct, read 2026-10-04). Every announced step landed on the announced date.","source":"Base RPC (Alchemy), VVV token contract 0xacFE6019Ed1A7Dc6f7B508C02d1b04ec88cC21bf, read 2026-09-08"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"protocol_revenue_flow","assessment_level":"onchain-reconciled","record_type":"claim","verdict":"match","claim_holds_up":true,"claim":{"quote":"Platform revenues buy and burn VVV.","source_url":"https://venice.ai/lp/vvv","archive_url":null,"date":null},"reported":{"value":"Platform revenue funds a VVV buy and burn","source":"Venice, VVV page (venice.ai/lp/vvv)","self_reported":null},"independent":{"value":"DeFiLlama reports $3,583,834 in the trailing year through the open-source dimension adapter, re-read 2026-10-13, up from $3,056,462 on 2026-10-07; its series starts 8 December 2025, so the trailing year now equals the all-time total. The step is the October discretionary burn: on-chain, 16,124 VVV moved from the monthly burner (0x35Fb...dc57) to 0x0 at 16:22 UTC on 7 October, about $413K at CoinGecko's hourly price, against $427,833 DeFiLlama books that day including roughly $20K of per-event burns. The 30-day window is $924,828.","source":"DeFiLlama summary/fees/venice (dailyRevenue), 2026-10-13; cross-checked against Base Transfer logs from the monthly burner and CoinGecko hourly price"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"arr_estimate","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"unverifiable","claim_holds_up":false,"finding":"Venice publishes no company revenue figure, so its revenue scale cannot be checked.","independent":{"value":null,"source":"Venice publishes no revenue. The only directly measurable revenue proxy is the on-chain buyback flow in protocol_revenue_flow."},"assessed_date":"2026-09-23","severity":"medium"},{"metric":"liquidity_depth","assessment_level":"onchain-reconciled","record_type":"finding","verdict":"established","claim_holds_up":false,"finding":"VVV trades on major centralised exchanges and Base DEX pools across dozens of venues.","independent":{"value":"67 tickers on 46 venues, re-read 2026-10-13 (75 on 49 on 2026-09-29), 9 of them Base DEX pools. Bybit is the top venue at 17% of 24h volume, with Coinbase close behind, then Aerodrome on Base, Kraken and Gate; no venue holds a fifth of volume.","source":"CoinGecko (tickers + market_data), 2026-10-13"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"thesis_inference_demand","assessment_level":"onchain-reconciled","record_type":"claim","verdict":"unverified","claim_holds_up":false,"claim":{"quote":"over 1M Venice API calls from developers are happening daily","source_url":"https://venice.ai/blog/venice-development-update-october-2025","archive_url":null,"date":"2025-10-06"},"reported":{"value":"Over 1M Venice API calls a day; 1.3M+ users","source":"Venice Development Update, October 2025","self_reported":null},"independent":{"value":null,"source":"Venice inference is off-chain; there is no on-chain inference counter (unlike Morpheus's LumerinDiamond), so the throughput trajectory is Venice-published and not independently rebuilt. The DeFiLlama buyback-flow ramp is a weak corroborating proxy."},"assessed_date":"2026-09-23","severity":"low"},{"metric":"thesis_value_capture","assessment_level":"onchain-reconciled","record_type":"claim","verdict":"match","claim_holds_up":true,"claim":{"quote":"This continual burn integrates Venice's growing retail business more directly with the VVV asset, such that success of the retail business can be shared by token holders.","source_url":"https://venice.ai/blog/venice-development-update-october-2025","archive_url":null,"date":"2025-10-16"},"reported":{"value":"A continual revenue-funded burn shares retail success with token holders","source":"Venice Development Update, October 2025 (16 October update)","self_reported":null},"independent":{"value":"The burn address holds 33.83M VVV and rises with each monthly buyback and per-event burn, indexed on Base. Most of that balance is the one-off burn of unclaimed airdrop tokens in March 2025.","source":"OYM burn index (refresh-vvv-burns.ts) + BaseScan, 2026-08-09"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"thesis_fair_launch","assessment_level":"onchain-reconciled","record_type":"claim","verdict":"match","claim_holds_up":true,"claim":{"quote":"There was no pre-sale.","source_url":"https://venice.ai/blog/introducing-the-venice-token-vvv","archive_url":null,"date":"2025-01-27"},"reported":{"value":"No pre-sale","source":"Venice VVV launch post, Tokenomics","self_reported":null},"independent":{"value":"No sale contract; owner-mint emissions only; documented allocation with no VC/private tranche. The July 2026 Series A is company equity, not a token allocation.","source":"BaseScan verified VVV source + documented allocation, 2026-08-09"},"assessed_date":"2026-09-23","severity":"info"},{"metric":"thesis_private_permissionless","assessment_level":"onchain-reconciled","record_type":"claim","verdict":"unverified","claim_holds_up":false,"claim":{"quote":"Join over 4 million users and experience AI as it should be – powerful, private, and permissionless.","source_url":"https://venice.ai/about","archive_url":null,"date":null},"reported":{"value":"Powerful, private and permissionless AI","source":"Venice, About page (venice.ai/about)","self_reported":null},"independent":{"value":null,"source":"Privacy rests on a closed-source proxy with no independent audit, and access can be gated by Venice (the UK free tier is blocked). The model list and the TEE offering are measured in uncensored_inference and tee_e2ee_modes."},"assessed_date":"2026-09-23","severity":"medium"}],"facts":[]}}