# Heurist

> Heurist review. NYC team that built a permissionless GPU mining DePIN and pivoted to an agent skills marketplace. Mining paused since January 2025, HEU more than 99% below its ATH, a float of about a quarter against sustained insider vesting. The product ships; the decentralisation is currently aspirational.

- Scores: Freedom 3.5/10 (grade F), Returns 2.2/10 (grade F)
- Category: compute · Token: HEU
- Published: 2026-05-16 · Updated: 2026-10-04
- Canonical: https://ownyourmind.ai/projects/heurist/
- Data (scores + integrity verdicts, JSON): https://ownyourmind.ai/api/projects/heurist.json
- Cite as: Own Your Mind (ownyourmind.ai), licence CC BY 4.0. Link the canonical URL.

Charts and interactive widgets are omitted here; their data is in the JSON above.

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## What it does

Heurist started as a permissionless GPU DePIN for AI inference. Miners ran open-source software from `heurist-network/miner-release` on GitHub, served Stable Diffusion or open-weight LLM requests routed through a Heurist-operated gateway, and earned HEU emissions for completed work. Season 1 testnet ran from April to July 2024 and distributed 5% of supply. Season 2 ran from July 2024 to 18 January 2025 with 10M HEU distributed. Season 3 was promised contingent on a Heurist ZK Layer-2 chain "mid-2025". Neither Season 3 nor a standalone Heurist Chain has shipped since.

The product gravity has shifted to Heurist Mesh, a marketplace of 30-plus specialised crypto-analytics agents accessible via REST API and Model Context Protocol. Agents are paid in USDC via the x402 facilitator, which is Coinbase's standard for HTTP-native micropayments between agents. The Heurist Agent Framework on GitHub (827 stars, 91 forks, last push 2 September 2026 per the GitHub API on 24 September 2026)  is the open-source SDK developers use to build and publish Mesh skills. Layered on top are Ask Heurist (crypto Q&A), Heurist Imagine (image generation), and Heurist Digital Assets (a regulated tokenisation platform in Beta).

Heurist also takes x402 payments on the XRP Ledger. t54.ai, which operates the XRPL x402 facilitator, publishes an [XRPL AI Hub](https://xrpl-ai.org/) whose all-time merchant table, read on 24 September 2026, ranks the address it labels Heurist Inference Router first with 4,173,670 payments and Heurist Mesh second with 501,003, out of 7,090,438 across 160 merchants.  That ranking counts payments, and each one is tiny: the Router's latest 199 incoming payments on the ledger were all RLUSD, between 0.0005 and 0.0015 each, and the hub's all-time settled value across every merchant is 6,176 XRP and 6,467 RLUSD. None of it passes through HEU, so it's evidence of use for Heurist's paid tools and leaves the value-accrual finding below where it was.

The entity is Heurist AI Inc. Its own terms of service, last updated 25 June 2025, say the terms are governed by the laws of the British Virgin Islands and give no US address; the New York location is a LinkedIn self-report and no matching entity appears in the New York Department of State register.  Co-founders Jiewen Wang and Tao He are both ex-Amazon software engineers; Wang is a Peking University and Georgia Tech graduate with a public LinkedIn presence. A $2M seed closed on 14 November 2024 with 11 named investors including Selini Capital, Amber Group, Origin Capital, Contango and Manifold. TGE followed on 9 December 2024, with 11% of supply liquid in day one and the rest on a multi-year vesting curve.

## Value proposition

The pitch on the homepage is "Full-Stack AI Infrastructure for Onchain Economy". In practice, Heurist is one inflection point from being two different products. The original product is a DePIN: anyone with a 12 GB VRAM GPU runs the open-source miner, serves Stable Diffusion or LLM requests, gets paid in HEU per the season's emission schedule. The new product is an agent SDK and marketplace: developers build Mesh skills against MCP and ERC-8004, agents pay each other in USDC over x402, and HEU sits adjacent to the value flow rather than inside it.

These are both legitimate things to build. The architecture problem is that the mining-DePIN product is paused, and the agent product structurally settles in USDC. If you're underwriting Heurist on the DePIN story, you're underwriting an emission programme that has been off since January 2025. If you're underwriting it on the agent story, the value-accrual question is harder than the product question. Both are true at the same time.

The counter-narrative is the SDK's GitHub footprint. 800-plus stars on `heurist-agent-framework` is mid-pack on the agent-platform shelf and well clear of the long tail. The reciprocal partnerships with [Masa Network](https://www.heurist.ai/blog/heurist-x-masa) (data API) and [Autonomys Network](https://www.heurist.ai/blog/heurist-x-autonomys) (verifiable agentic storage) are confirmed from both sides. The Circle Alliance Directory listing checks out. Where Heurist sits on the agent shelf depends on whether you weight community-driven SDK adoption (Heurist's strength) or token-mediated value capture ([Bittensor's](https://ownyourmind.ai/projects/bittensor/) strength). Right now they're different races.

## The mining pause

Mining is the part of the Heurist story that breaks under scrutiny. The December 2024 TGE blog cited "more than 13,000 GPU miners hosting over 30 decentralized AI models" and "over 1 billion AI inference requests processed". Those are the project's own TGE-era numbers from December 2024. The Heurist documentation now states "Mining is no longer available" and the published season cadence has Season 2 closing on 18 January 2025 with 10M HEU distributed.

Season 3 was forward-looking from day one: documentation describes a baseline 1.25% annualised emission, scaling up to 5% during high-demand periods, gated by the launch of "Heurist Chain" as a ZK Layer-2 payment rail. The roadmap target was "mid-2025". There is no primary-source confirmation that Heurist Chain has launched as a standalone L2. HEU still trades as an ERC-20 on Ethereum, with bridged contracts on Base (the Base contract at `0xEF22cb48B8483dF6152e1423b19dF5553BbD818b` is an OptimismMintableERC20 instance, not a native chain settlement asset) and zkSync. If the chain shipped, it isn't reaching the data layer that CoinGecko, BaseScan or third-party explainer sites use.

Two consequences follow from this. First, the 50%-of-supply Mining and Staking allocation that gave the tokenomics its "fair launch" shape is sitting paused. It's still technically community-allocated on the schedule, but a paused emission programme is treasury-discretionary in practice: the foundation decides when and how the next tranche unlocks. Second, the network state is now opaque. Without active rewards, the question of how many GPUs are still online serving the Heurist gateway has no public answer. The 13,000-miner figure is stale enough that I wouldn't cite it as evidence of current decentralisation.

The honest reading is that Heurist has been operating as a centrally-orchestrated inference service since January 2025, with an open-source miner codebase that may or may not have an active provider network behind it. That is materially different from how Heurist markets itself as a "decentralized GPU cloud for AI".

## Tokenomics

HEU is a fixed 1 billion supply across Ethereum (canonical at `0xec463D00aa4dA76fb112cD2e4AC1C6BeF02da6ea`), Base (bridged) and zkSync (bridged). Circulating supply is shown live in the fact strip above and sits a bit over a quarter of the cap. Most dilution is still ahead, not behind.

Allocation per the project's published tokenomics:

- **Mining and Staking** (excluding Season 1): 50.00% (3-month cliff, 120-month linear; programme paused January 2025)
- **Protocol Treasury:** 16.70% (6-month cliff, 48-month linear)
- **Team and Advisors:** 15.00% (3-month cliff, 24-month linear)
- **Private Angels and VC:** 6.00% (3-month cliff, 24-month linear)
- **Season 1 Testnet Miners:** 5.00% (100% unlocked at TGE)
- **Liquidity:** 2.80% (100% at TGE)
- **Marketing:** 1.85% (100% at TGE)
- **Imaginaries NFT Airdrop:** 1.28% (100% at TGE)
- **Unallocated Grants:** 0.69% (3-month cliff)
- **KOLs:** 0.65% (20% at TGE, 6-month linear on remainder)
- **Pre-TGE Grants:** 0.03% (100% at TGE)

Insider allocation (Team and Advisors plus Private Angels and VC) totals 21% with a 3-month cliff and 24-month linear vest. The cliff completed in approximately March 2025; monthly linear unlocks have been releasing since. Against a float of about a quarter of supply, that's persistent sell-side pressure from holders whose cost basis is the private round. The Protocol Treasury at 16.70% is on a longer vest (4 years) and is foundation-discretionary in any case.

No DAO. No on-chain voting. No public proposal register. No published burn cadence, no buyback, no fee-share to stakers. The stHEU staking programme exists, with a one-off 50M HEU and 4M stHEU reward budget on a 1-year vest, but its rewards source is allocated supply rather than ongoing protocol revenue. The mechanical link between Mesh usage and HEU value is thin because the x402 agent payment layer settles in USDC rather than HEU.

No public smart-contract audit by Halborn, CertiK, Trail of Bits, OpenZeppelin or Hacken was located in primary search for HEU contracts or Heurist Mesh infrastructure. The Base bridge inherits Optimism's audited OptimismMintableERC20 template, but the canonical Ethereum contract and any Mesh-side custodial logic have no independent audit on record. That's a material gap for a project with about 50,000 holders on the Base contract alone (Blockscout, 24 September 2026).

Market context: HEU traded at $0.008162 on 16 May 2026 with a $1.62M market cap and $8.16M FDV. The ATH was $0.4611 on 28 December 2024, 19 days after TGE. The ATL at that reading was $0.004008 on 23 April 2026, which was the relevant anchor: an all-time low set roughly 16 months after TGE, during sustained insider vesting and 15 months after mining paused. HEU has since set a lower ATL, on 9 August 2026 (CoinGecko). That's not a sentiment swing; that's the supply curve meeting the demand curve.

## How to participate

**Use as a consumer.** The fastest way in is the Heurist Mesh, which exposes 30-plus specialised crypto agents via REST API and MCP. Ask Heurist is the agent-as-product version, oriented to token research questions. Heurist Imagine is the image-generation surface inheriting from the Stable Diffusion mining cohort. Pricing varies by product; no single rate card was located in primary documentation.

**Build agents on the SDK.** The [Heurist Agent SDK](https://github.com/heurist-network/heurist-agent-framework) is the main developer surface. Python, open-source, MCP and ERC-8004 native, x402 ready. Agents earn USDC via x402 micropayments when invoked. Reasoning, memory, tool use and deep-research primitives are bundled. This is the surface I'd point a builder at: it's where the active community is.

**Hold HEU.** The stHEU programme stakes HEU for a bonus reward allocation with a 1-year vest on the bonus token. No protocol-fee-funded yield. No governance voting. Passive holding is directional only, against a supply curve that has nearly three-quarters locked but vesting. Any meaningful order faces material slippage; Uniswap V3 on Base (HEU/USDC) is the deepest pair, at a few hundred dollars of daily volume in September 2026.

**Run a GPU miner.** The [miner-release](https://github.com/heurist-network/miner-release) repo is open source and runs on a 12 GB VRAM card for Stable Diffusion or a 24 GB card for LLM inference. As of May 2026, mining rewards are paused. Running the miner without a season active is a direct electricity loss against zero HEU emission. Worth the bookmark for a Season 3 catalyst; not currently economic.

**Governance.** Not deployable. All roadmap and treasury decisions are taken by the Heurist AI Inc. team.

## Honest assessment

### What works

The Heurist agent SDK is a substantive developer asset. 800-plus stars on a Python SDK in the agent-infrastructure space is meaningful community traction. Below [Bittensor's](https://ownyourmind.ai/projects/bittensor/) order of magnitude, well clear of the cargo-cult agent-SDK long tail. MCP and ERC-8004 support means a Mesh skill plugs into Claude, the agent stack on Base, and Coinbase's x402 standard without bespoke integration. That's useful infrastructure regardless of HEU's price.

The team is doxxed and the funding is documented. Wang and He are both ex-Amazon, NYC-resident, with public LinkedIn presences. The $2M seed in November 2024 came from an investor list (Selini, Amber Group, Origin, Contango) that does diligence. Not a generic "anonymous DeFi team" risk profile.

Two production partnerships have reciprocal announcement on both sides. Masa Network's data API is integrated into the Heurist agent SDK. Autonomys Network provides verifiable storage for agentic data persistence. The Circle Alliance Directory carries Heurist as a partner. Those aren't paying customers; they're concrete integration commitments that don't normally accompany vapourware.

Multi-chain deployment is functional. HEU's canonical ERC-20 on Ethereum is mirrored on Base via an OptimismMintableERC20 bridge contract (verified on BaseScan) and on zkSync. About 50,000 holders on Base alone is reasonable distribution.

### What doesn't work

The mining pause is the headline weakness. The absence of a Season 3 since January 2025 turns the "decentralized GPU cloud" framing into a historical description. The 50% Mining and Staking allocation is the largest single line in tokenomics, and a paused emission programme is functionally treasury-discretionary. Concurrent miners, regional distribution, settled inference volume: none of these network-state metrics are publicly available.

The agent payment layer settles in USDC, not HEU. x402 is Coinbase's standard for HTTP-native agent micropayments, and it's USDC-denominated by design. That's a strategically defensible choice from Heurist's product side because USDC has clean settlement and broad partner support. From the token-holder side it means agent-economy usage has no mechanical path to HEU demand. The protocol can be commercially successful while HEU drifts, as the price chart already shows.

There is no public smart-contract audit. Not for the Ethereum HEU contract, not for the Base bridge integration (beyond inheriting Optimism's template), and not for the Mesh routing infrastructure. For a project with about 50,000 Base holders, that's a material disclosure gap.

Governance is fully team-controlled. No DAO, no on-chain voting, and the one public proposal register that exists is dormant: the Snapshot space `heurist.eth` was created on 4 March 2024, carries eleven proposals, gates voting on the Imaginaries NFT rather than HEU, and has had nothing posted since 22 August 2024.  Roadmap and treasury decisions are taken by Heurist Inc. The Protocol Treasury at 16.70% of supply is on a 4-year linear vest with no published deployment policy.

Revenue is invisible. No Token Terminal coverage, no DeFiLlama listing for fees, no Mesh dashboard showing skill-invocation volume. The "1 billion inference requests" headline is December 2024 self-report.

### The risk

Three things converge. Mining paused since January 2025. Insider vesting unlocking monthly against a float of about a quarter of supply. Agent payment layer denominated in USDC. At a $1.62M market cap and an ATL set 23 days before this review, you can argue HEU's drawdown has already priced these in. You can also argue an ATL set during the write of the review suggests sell-pressure hasn't finished. Both were reasonable in May 2026; HEU has since set a lower ATL, on 9 August 2026.

Catalyst risk runs both ways. A Season 3 launch with a working Heurist Chain reconnects the DePIN narrative to the architecture and gives HEU a token-paid emission programme with verifiable inference demand. The team has the codebase to do this. Whether they do it within the runway of the current price level is the open question.

### My position

> **Fact:** Heurist ships an open-source Python agent SDK with 800-plus GitHub stars, paid-skill infrastructure via MCP and x402, reciprocal partnerships with Masa and Autonomys, and HEU contracts on three chains with about 50,000 Base holders.
>
> **Take:** That's a working product surface attached to a DePIN narrative that the architecture stopped backing in January 2025. Paused mining with no Season 3 and no live Heurist Chain converts "decentralised GPU cloud" into "open-source SDK plus centrally-routed inference plus a token sitting outside the agent layer's actual settlement". The product is underwriteable. HEU as the way to express that exposure is harder.

I don't hold HEU. If Season 3 launches with a verifiable miner dashboard and HEU starts capturing agent-layer protocol fees, the position becomes reconsiderable. Both are things the team has the codebase and the runway to ship. Neither has happened since Season 2 closed in January 2025.

## Freedom Score: 35/100

Heurist scores 35/100 (F grade). Full methodology at [Freedom Score Methodology](https://ownyourmind.ai/resources/freedom-score-methodology/).

**Infrastructure decentralisation (9/20):** Miner software is open source on GitHub and historical registration was permissionless. At Season 1 close in July 2024 Heurist reported 7,000-plus registered miner addresses and 3,000 to 6,000 concurrent GPUs. Mining has been paused since 18 January 2025 with no Season 3 announced. The Heurist-operated API gateway is the single coordination layer routing all current inference, and Heurist Chain (the announced ZK L2 that was supposed to ship mid-2025) is not verifiable as live infrastructure. Permissionless in design, foundation-operated and emission-paused in practice.

**Governance decentralisation (4/20):** No DAO. No on-chain voting. A Snapshot space exists but has been dormant since August 2024 and gates voting on an NFT rather than the token. Heurist AI Inc. controls roadmap, season cadence and the Protocol Treasury (16.7% of supply).  Team and Advisors (15%) plus Private Angels and VC (6%) hold 21% combined with monthly linear unlocks since the cliff completed in approximately March 2025. Top of the "all decisions made by founding team" band.

**Token distribution fairness (4/15):** On paper, 50% of supply is earmarked for Mining and Staking, which gives the allocation a fair-launch shape. In practice, the mining programme has been paused since January 2025, which functionally re-routes that 50% under foundation discretion. Insider allocation (Team plus VC = 21%) has standard cliff plus 24-month vesting. The TGE itself was a clean airdrop (Season 1 miners 5%, Imaginaries NFT 1.28%, selected zkSync ecosystem participants) with no public sale beyond a Gate Startup Free Offering. Balanced allocation with fair-launch elements on paper; mining-pause re-centralises the largest line in practice. The chain says it more bluntly than the allocation table does: insider-labelled addresses hold 70.5% of supply between them, the largest a single Safe, and 81 addresses hold HEU on Ethereum, the canonical chain.  (figures as of 2026-09-20)

**Censorship resistance (5/15):** Inference and Mesh agent calls route through Heurist-operated infrastructure. Heurist can rate-limit, deny, or modify routing per its terms of service. The miner codebase is open source and forkable, but the consumer-facing service is single-operator. The token is a standard ERC-20 with no pause function, no proxy and no public freeze getter, so transfers cannot be halted and the logic cannot be replaced. It does answer owner(), and the address behind it is an ordinary externally owned account, so a single private key holds whatever those owner-only functions do. Our previous line said there were no documented controls, which described the documentation rather than the contract.

**Data sovereignty (4/15):** No end-to-end encryption, FHE, TEE or zero-knowledge inference documented for Heurist's routing layer. Consumer prompts and agent calls pass through Heurist routing in plaintext from the platform's perspective. Standard API model with platform visibility and retention controls determined by Heurist's terms. Some data portability via the open SDK; platform retains operational visibility. Well below [Venice's](https://ownyourmind.ai/projects/venice/) privacy-preserving baseline.

**Open source and transparency (9/15):** GitHub footprint is substantial: `heurist-agent-framework` (800-plus stars, custom licence), `heurist-network/miner-release` (72 stars, frozen since February 2025) and `heurist-mesh-mcp-server` (MIT), among 25 non-fork public repos, 18 of them untouched for 180 days on our 18 September 2026 read.  Tokenomics documented in primary docs with allocation table, vesting terms and emissions schedule. Token contracts verified on BaseScan. Counterweights: no public smart-contract audit located; current network metrics (active miner count, inference volume, revenue) not surfaced in any public dashboard; gateway operations opaque.

### Path to improvement

Three changes would materially raise Heurist's Freedom Score:

1. **Restart mining or document the new model.** Either ship Season 3 with the promised ZK chain, with a verifiable miner dashboard and on-chain proof of work; or update the public documentation to describe the current model accurately (centrally-orchestrated inference with paused permissionless rewards). The current state of the documentation describes a network that isn't running.
2. **Commission an independent audit.** Trail of Bits, OpenZeppelin, Halborn or equivalent on the HEU contracts and the Mesh routing logic. About 50,000 Base holders without a published audit is a disclosure gap that gets attention sooner or later.
3. **Ship governance.** A DAO with on-chain voting, a public proposal register, and transparent Protocol Treasury operations. Even a basic Snapshot space with weighted voting would be a step beyond fully team-controlled.

## Returns Score: 22/100

HEU scores 22/100 (F grade). Full methodology at [Returns Score Methodology](https://ownyourmind.ai/resources/returns-score-methodology/).

**Token utility (6/20):** HEU's primary utility was mining work-token rewards, which are paused. stHEU staking exists with a one-off 50M plus 4M HEU rewards programme and a 1-year vest, but that's an allocation-funded incentive rather than ongoing protocol-fee yield. The agent settlement layer pays in USDC over x402, which structurally caps HEU's transactional utility. Heurist Chain as a HEU-denominated payment rail is forward-looking and unverified. Below [Bittensor's](https://ownyourmind.ai/projects/bittensor/) work-token economy and below most active DePIN tokens.

**Value accrual (4/20):** No documented burn cadence, no buyback, no fee-share to holders. The x402 USDC settlement layer bypasses HEU at the transaction level. stHEU exists but the reward source is allocated supply rather than protocol revenue. Marginal credit for the staking infrastructure; no mechanical link between agent or inference usage and HEU value today.

**Supply dynamics (4/20):** 1B fixed cap with a bit over a quarter circulating and the rest locked but vesting. Team and Advisors (15%) plus Private Angels and VC (6%) have been on monthly linear release since cliff completion in approximately March 2025. Protocol Treasury (16.7%) is in 4-year vesting since June 2025. Mining (50%) is paused, which removes good emissions (work-rewarded distribution) but leaves the insider overhang unchanged. Net effect: persistent sell-side pressure from insider vesting against a small float, exactly the dynamic behind the April and August 2026 ATLs.

**Revenue sustainability (4/25):** No public revenue figure for Mesh, Ask Heurist, Heurist Imagine, the LLM Gateway, or Heurist Digital Assets (Beta). x402 agent payments settle in USDC at the agent level; whether protocol fees accrue to a Heurist treasury and at what rate is not documented. The December 2024 self-report of 1 billion inference requests is a usage claim, not a revenue claim. No third-party verifier (Token Terminal, DeFiLlama) tracks Heurist.

**Liquidity and access (4/15):** CoinGecko's ticker set held three venues on 21 September 2026: Uniswap V3 (Base, HEU/USDC), BitKan and Gate.  The XT.COM, MEXC and PancakeSwap (zkSync) listings this review previously named do not appear in it. Aggregate daily turnover across those three is a fraction of a percent of an already microcap valuation, thin enough that a single retail-size order would represent days of trading. Multi-chain deployment increases venue count but fragments what liquidity exists. Microcap; institutional access poor.

### Path to improvement

Three changes would materially raise HEU's Returns Score:

1. **Restart token-paid mining.** Season 3 with verifiable inference demand and HEU-denominated rewards reconnects the work-token model. Without it, the 50% supply allocation drifts under foundation control and the token's largest utility line stays dormant.
2. **Capture agent-layer protocol fees.** Even a thin protocol-level take on x402 USDC settlement, routed to HEU buy-and-burn or to stHEU stakers, would create a mechanical link between Mesh usage and HEU value. The team has the contract surface to ship this.
3. **Publish a revenue and usage dashboard.** Settled Mesh-skill invocations, fee revenue by product, treasury operations, and miner pool size if any. The opacity of network state is itself a Returns drag because it makes the project unbenchmarkable against [Akash's](https://ownyourmind.ai/projects/akash/) or [Bittensor's](https://ownyourmind.ai/projects/bittensor/) public data.

## Score change log

| Date | Score | Change | Reason |
| - | - | - | - |
| 2026-10-04 | Score | Freedom 38 → 35, Returns 25 → 22 (F held) | Token Distribution Fairness 7 → 4: one Safe holds about two-thirds of supply across 82 holders. Liquidity & Access 7 → 4: three venues and turnover under 0.2% a day make a retail-size order days of trading. |
| 2026-09-24 | Data | N/A | Sweep: ATH drawdown (now >99%), float (a quarter, not 20%), a new 9 Aug 2026 ATL, Base holders (~50,000), SDK stars and venue count refreshed; Season 1 miner counts attributed to Heurist. Scores unchanged. |
| 2026-09-24 | Data | N/A | Added the XRPL x402 leg: t54's XRPL AI Hub ranks Heurist first by payment count, though every payment is a sub-cent RLUSD settlement that bypasses HEU. Scores unchanged. |
| 2026-09-23 | Data | N/A | Integrity records re-cut: 1 claim now quotes Heurist's own pages verbatim and 5 are our own measurements. Scores unchanged. |
| 2026-09-07 | Data | N/A | WS3b censorship rail: the token control surface was never read. HEU has no pause, no proxy and no public freeze getter, but it does answer owner() with an externally owned account, so a single key holds the owner-only functions. Our "no documented mint or pause controls" line described the documentation, not the contract. Censorship Resistance 5/15 held. |
| 2026-09-06 | Data | N/A | WS3b governance rail: verdict added for the dormant Snapshot space, binding the 2026-09-05 body correction to a source that re-reads. The research JSON evidence still carried the superseded "no public proposal register" wording and the stale entity name; both synced. Governance 4/20 held. |
| 2026-09-06 | Data | N/A | WS3b distribution rail: the chain is starker than our prose. One SafeProxy holds 66.20% of supply, insider share of the top ten is 70.51%, and the token has 82 holders in total. Our foundation-discretion reading is right in direction and understated in magnitude; corrected in the section. Token Distribution Fairness 7/15 flagged for October. |
| 2026-09-06 | Data | N/A | WS3b liquidity rail: aggregate turnover across the four venues CoinGecko lists is a fraction of a percent of an already microcap valuation, so the functional-for-retail-flows wording is corrected; XT.COM, MEXC and PancakeSwap zkSync do not appear in the ticker set. Liquidity & Access 7/15 flagged for October. |
| 2026-09-05 | Data | N/A | Fossilising-claim audit: the entity is Heurist AI Inc. under British Virgin Islands law per its own terms, not "Heurist Inc., headquartered in New York", and "no public proposal register" was wrong, since a dormant NFT-gated Snapshot space predates our review. Governance 4/20 held. |
| 2026-09-05 | Data | N/A | September monthly review. Circulating supply refreshed from a date-stamped 19.85% (16 May 2026) to a bit over a quarter of the cap per CoinGecko, and de-hardcoded to the live fact strip. Supply Dynamics held at 4/20: the overhang is shrinking on schedule rather than changing character. |
| 2026-08-19 | Data | N/A | Correction. The Liquidity evidence and the matching score paragraph both carried a hardcoded market cap and 24h volume. Restated structurally; no score change. |
| 2026-08-10 | Data | No change | WS3 coldstart grounding, two claim-spine verdicts: supply dynamics `match` at onchain-reconciled (1B `MAXIMUM_SUPPLY` enforced in `mint()`, supply at cap) and open-source `match`. Distribution deferred (Ethereum-only holder data understates a Base-bridged token). Detail in the research JSON. |
| 2026-05-16 | Both | N/A | Initial publish. Freedom 38/100 (F), Returns 25/100 (F). Inclusion review of three triage candidates (Heurist, AntSeed, Gitlawb) confirmed Heurist clears the five-criteria gate. Mining-pause framing established as the central architectural finding. |