{
  "artifact_classifications": [
    {
      "artifact_id": "XLM-R1-A1",
      "capture_scope": "VERIFIED_EXTRACT",
      "critical_evidence": true,
      "metadata_only_reason": null,
      "public_reference_status": "PUBLIC_URL",
      "redistribution_status": "NO_FULL_COPY",
      "rights_status": "PUBLIC_REFERENCE_ONLY",
      "source_id": "XLM-R1-S1"
    },
    {
      "artifact_id": "XLM-R1-A2",
      "capture_scope": "STRUCTURED_API_RESPONSE",
      "critical_evidence": true,
      "metadata_only_reason": null,
      "public_reference_status": "PUBLIC_URL",
      "redistribution_status": "NO_FULL_COPY",
      "rights_status": "PUBLIC_REFERENCE_ONLY",
      "source_id": "XLM-R1-S2"
    },
    {
      "artifact_id": "XLM-R1-A3",
      "capture_scope": "VERIFIED_EXTRACT",
      "critical_evidence": true,
      "metadata_only_reason": null,
      "public_reference_status": "PUBLIC_URL",
      "redistribution_status": "NO_FULL_COPY",
      "rights_status": "PUBLIC_REFERENCE_ONLY",
      "source_id": "XLM-R1-S3"
    },
    {
      "artifact_id": "XLM-R1-A4",
      "capture_scope": "VERIFIED_EXTRACT",
      "critical_evidence": true,
      "metadata_only_reason": null,
      "public_reference_status": "PUBLIC_URL",
      "redistribution_status": "NO_FULL_COPY",
      "rights_status": "PUBLIC_REFERENCE_ONLY",
      "source_id": "XLM-R1-S4"
    },
    {
      "artifact_id": "XLM-R1-A5",
      "capture_scope": "VERIFIED_EXTRACT",
      "critical_evidence": true,
      "metadata_only_reason": null,
      "public_reference_status": "PUBLIC_URL",
      "redistribution_status": "NO_FULL_COPY",
      "rights_status": "PUBLIC_REFERENCE_ONLY",
      "source_id": "XLM-R1-S5"
    }
  ],
  "asset": "XLM",
  "claim_registry": [
    {
      "artifact_id": "XLM-R1-A1",
      "claim_date": "2026-09-04",
      "claim_id": "XLM-R1-C1",
      "claim_text_normalized": "SDF sells XLM to pay operational expenses and support mandate work.",
      "scope": "treasury funding",
      "semantic_tags": [
        "treasury",
        "sales"
      ],
      "source_id": "XLM-R1-S1",
      "speaker": "SDF"
    },
    {
      "artifact_id": "XLM-R1-A2",
      "claim_date": "2026-07-21",
      "claim_id": "XLM-R1-C2",
      "claim_text_normalized": "The Dashboard API gives live totals for supply metrics.",
      "scope": "supply",
      "semantic_tags": [
        "supply",
        "api"
      ],
      "source_id": "XLM-R1-S2",
      "speaker": "Stellar Docs"
    },
    {
      "artifact_id": "XLM-R1-A3",
      "claim_date": "2026-09-08",
      "claim_id": "XLM-R1-C3",
      "claim_text_normalized": "Validators in Stellar participate through SCP quorum sets.",
      "scope": "consensus",
      "semantic_tags": [
        "validator",
        "quorum"
      ],
      "source_id": "XLM-R1-S3",
      "speaker": "Stellar Docs"
    }
  ],
  "counter_evidence_search_log": [
    {
      "counter_evidence_found": [],
      "hypothesis_id": "XLM-R1-H1",
      "impact": "Limits confidence but does not create an accusatory finding.",
      "queries": [
        "XLM SDF treasury deployment remains the dominant economic dependency. counter evidence",
        "XLM governance concentration implementation status current",
        "XLM source definition change historical contradiction"
      ],
      "remaining_uncertainty": "Independent network revenue or usage replacing treasury funding would weaken this.",
      "search_question": "What evidence would make this false: SDF treasury deployment remains the dominant economic dependency.",
      "sources_checked": [
        "XLM-R1-S1",
        "XLM-R1-S2",
        "XLM-R1-S3",
        "XLM-R1-S4",
        "XLM-R1-S5"
      ]
    },
    {
      "counter_evidence_found": [],
      "hypothesis_id": "XLM-R1-H2",
      "impact": "Limits confidence but does not create an accusatory finding.",
      "queries": [
        "XLM Network activity is becoming less dependent on SDF treasury flows. counter evidence",
        "XLM governance concentration implementation status current",
        "XLM source definition change historical contradiction"
      ],
      "remaining_uncertainty": "Attribution showing usage depends on SDF incentives would weaken this.",
      "search_question": "What evidence would make this false: Network activity is becoming less dependent on SDF treasury flows.",
      "sources_checked": [
        "XLM-R1-S1",
        "XLM-R1-S2",
        "XLM-R1-S3",
        "XLM-R1-S4",
        "XLM-R1-S5"
      ]
    },
    {
      "counter_evidence_found": [
        "Evidence is insufficient to treat the stronger version of this hypothesis as established."
      ],
      "hypothesis_id": "XLM-R1-H3",
      "impact": "Limits confidence but does not create an accusatory finding.",
      "queries": [
        "XLM Payments and RWA adoption dominate the structure more than treasury mechanics. counter evidence",
        "XLM governance concentration implementation status current",
        "XLM source definition change historical contradiction"
      ],
      "remaining_uncertainty": "Treasury-flow magnitudes remaining material relative to adoption would weaken this.",
      "search_question": "What evidence would make this false: Payments and RWA adoption dominate the structure more than treasury mechanics.",
      "sources_checked": [
        "XLM-R1-S1",
        "XLM-R1-S2",
        "XLM-R1-S3",
        "XLM-R1-S4",
        "XLM-R1-S5"
      ]
    },
    {
      "counter_evidence_found": [],
      "hypothesis_id": "XLM-R1-H4",
      "impact": "Limits confidence but does not create an accusatory finding.",
      "queries": [
        "XLM Validator quorum composition is the primary structural constraint. counter evidence",
        "XLM governance concentration implementation status current",
        "XLM source definition change historical contradiction"
      ],
      "remaining_uncertainty": "Detailed independent quorum-set concentration data would be needed to resolve this.",
      "search_question": "What evidence would make this false: Validator quorum composition is the primary structural constraint.",
      "sources_checked": [
        "XLM-R1-S1",
        "XLM-R1-S2",
        "XLM-R1-S3",
        "XLM-R1-S4",
        "XLM-R1-S5"
      ]
    },
    {
      "counter_evidence_found": [],
      "hypothesis_id": "XLM-R1-H5",
      "impact": "Limits confidence but does not create an accusatory finding.",
      "queries": [
        "XLM Foundation funding and payment-network mission jointly explain current structure. counter evidence",
        "XLM governance concentration implementation status current",
        "XLM source definition change historical contradiction"
      ],
      "remaining_uncertainty": "Self-sustaining network activity detached from SDF mandate funding would weaken this.",
      "search_question": "What evidence would make this false: Foundation funding and payment-network mission jointly explain current structure.",
      "sources_checked": [
        "XLM-R1-S1",
        "XLM-R1-S2",
        "XLM-R1-S3",
        "XLM-R1-S4",
        "XLM-R1-S5"
      ]
    }
  ],
  "numerical_reconciliation": [
    {
      "computed_value": "50001786839.9124767 XLM",
      "formula": "original plus inflation minus burned supply",
      "inputs": [
        "100000000000",
        "5443902087.3472865",
        "55442115247.4348098"
      ],
      "notes": "Calculation is structural evidence only; no market or investment inference is made.",
      "reconciliation_id": "XLM-R1-N1",
      "result": "RECONCILED",
      "source_id": "XLM-R1-S2"
    },
    {
      "computed_value": "15832609102.461119 XLM",
      "formula": "non-circulating gap from total minus circulating",
      "inputs": [
        "50001786839.9124767",
        "34169177737.4513581"
      ],
      "notes": "Calculation is structural evidence only; no market or investment inference is made.",
      "reconciliation_id": "XLM-R1-N2",
      "result": "RECONCILED",
      "source_id": "XLM-R1-S2"
    },
    {
      "computed_value": "9077145405 XLM across three disclosed mandate buckets",
      "formula": "selected mandate account subtotal",
      "inputs": [
        "2004236533",
        "3657737252",
        "3415171620"
      ],
      "notes": "Calculation is structural evidence only; no market or investment inference is made.",
      "reconciliation_id": "XLM-R1-N3",
      "result": "RECONCILED",
      "source_id": "XLM-R1-S1"
    }
  ],
  "observation_registry": [
    {
      "artifact_id": "XLM-R1-A1",
      "asset": "XLM",
      "confidence": "MEDIUM_HIGH",
      "dimension": "SDF_TREASURY",
      "effective_date": "2026-09-04",
      "notes": "Observation text excludes final structural labels.",
      "observation_id": "XLM-R1-O1",
      "observation_type": "PUBLIC_FACT",
      "source_id": "XLM-R1-S1",
      "statement": "SDF mandate disclosures list Direct Development current balance of 2,004,236,533 XLM as of September 4, 2026.",
      "unit": "XLM",
      "value": 2004236533
    },
    {
      "artifact_id": "XLM-R1-A1",
      "asset": "XLM",
      "confidence": "MEDIUM_HIGH",
      "dimension": "SDF_TREASURY",
      "effective_date": "2026-09-04",
      "notes": "Observation text excludes final structural labels.",
      "observation_id": "XLM-R1-O2",
      "observation_type": "PUBLIC_FACT",
      "source_id": "XLM-R1-S1",
      "statement": "SDF mandate disclosures list Product and Innovation current balance of 3,657,737,252 XLM.",
      "unit": "XLM",
      "value": 3657737252
    },
    {
      "artifact_id": "XLM-R1-A1",
      "asset": "XLM",
      "confidence": "MEDIUM_HIGH",
      "dimension": "SDF_TREASURY",
      "effective_date": "2026-09-04",
      "notes": "Observation text excludes final structural labels.",
      "observation_id": "XLM-R1-O3",
      "observation_type": "PUBLIC_FACT",
      "source_id": "XLM-R1-S1",
      "statement": "SDF mandate disclosures list Assets and Liquidity current balance of 3,415,171,620 XLM.",
      "unit": "XLM",
      "value": 3415171620
    },
    {
      "artifact_id": "XLM-R1-A1",
      "asset": "XLM",
      "confidence": "MEDIUM",
      "dimension": "TREASURY_SALES",
      "effective_date": "2026-09-04",
      "notes": "Observation text excludes final structural labels.",
      "observation_id": "XLM-R1-O4",
      "observation_type": "PUBLIC_FACT",
      "source_id": "XLM-R1-S1",
      "statement": "SDF states it sells XLM on public exchanges and through direct sales to fund operations and mandate work.",
      "unit": null,
      "value": null
    },
    {
      "artifact_id": "XLM-R1-A2",
      "asset": "XLM",
      "confidence": "MEDIUM_HIGH",
      "dimension": "SUPPLY_DISTRIBUTION",
      "effective_date": "2026-07-21",
      "notes": "Observation text excludes final structural labels.",
      "observation_id": "XLM-R1-O5",
      "observation_type": "PUBLIC_FACT",
      "source_id": "XLM-R1-S2",
      "statement": "Stellar docs report total supply of 50,001,786,839.9124767 XLM and circulating supply of 34,169,177,737.4513581 XLM in the example response.",
      "unit": "XLM",
      "value": 50001786839.912476
    },
    {
      "artifact_id": "XLM-R1-A2",
      "asset": "XLM",
      "confidence": "MEDIUM_HIGH",
      "dimension": "SUPPLY_DISTRIBUTION",
      "effective_date": "2026-07-21",
      "notes": "Observation text excludes final structural labels.",
      "observation_id": "XLM-R1-O6",
      "observation_type": "PUBLIC_FACT",
      "source_id": "XLM-R1-S2",
      "statement": "The same supply example reports SDF mandate balance of 15,563,517,195.789479 XLM.",
      "unit": "XLM",
      "value": 15563517195.789478
    },
    {
      "artifact_id": "XLM-R1-A3",
      "asset": "XLM",
      "confidence": "MEDIUM",
      "dimension": "VALIDATOR_QUORUM",
      "effective_date": "2026-09-08",
      "notes": "Observation text excludes final structural labels.",
      "observation_id": "XLM-R1-O7",
      "observation_type": "PUBLIC_FACT",
      "source_id": "XLM-R1-S3",
      "statement": "Stellar validators use quorum sets under SCP rather than a fixed block-producer election set.",
      "unit": null,
      "value": null
    },
    {
      "artifact_id": "XLM-R1-A5",
      "asset": "XLM",
      "confidence": "MEDIUM",
      "dimension": "RWA_ACTIVITY",
      "effective_date": "2026-09-09",
      "notes": "Observation text excludes final structural labels.",
      "observation_id": "XLM-R1-O8",
      "observation_type": "PUBLIC_FACT",
      "source_id": "XLM-R1-S5",
      "statement": "SDF public materials describe real-world assets and payment activity as current strategic usage areas.",
      "unit": null,
      "value": null
    }
  ],
  "research_question": "Is Stellar structurally foundation-funded, or is network activity increasingly independent of SDF treasury deployment?",
  "source_dependency": {
    "asset": "XLM",
    "groups": [
      {
        "dependency_group": "Stellar Development Foundation",
        "source_ids": [
          "XLM-R1-S1",
          "XLM-R1-S5"
        ]
      },
      {
        "dependency_group": "Stellar Docs",
        "source_ids": [
          "XLM-R1-S2",
          "XLM-R1-S3",
          "XLM-R1-S4"
        ]
      }
    ],
    "rule": "MULTIPLE_URLS_NOT_INDEPENDENT_SOURCES",
    "source_coverage": "PRIMARY_DOMINANT"
  },
  "withheld_from_reviewer": [
    "primary structural state",
    "primary evidence state",
    "historical pilot state",
    "website card"
  ]
}