HHASH · Provenance
Inflation analysis
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MrNasdog Pressure Framework

HASH · no new coins are being made, and the float still grows every single block.

HASH is the fee, staking and governance token of Provenance Blockchain, a chain built for real-world financial assets — 57,190M circulating against a fixed 95,000M that cannot grow any further. The ceiling is settled. What is not settled is how much of it is tradable.

Sell pressure. Nothing is minted at all. But a lockup voted in 2025 is unwinding in a straight line to May 22 2029, releasing about 29M HASH a day — 2,616M over 90 days.

Buy pressure. None. The fee burn did not fire once in 90 days, on either of the two places this chain destroys coins, and there is no buyback.

Net. About 4.57% goes to market over 90 days, and the same again next — a capped token whose tradable float is still climbing.

Inflation
Last 90 Days
+4.57%
updated · Aug 27 2026
Net flow: 4.57% of supply goes to market over 90 days
Next 90 Days
+4.57%
estimate
Net flow: 4.57% of supply goes to market next 90 days
Supply growing · projected to keep growing
Upcoming · Next 90 Days
  • Lockup keeps releasing every block~2,616M unlocked
    Aug 27 2026 – Nov 25 2026 · added to market
Sell pressure
1. Protocol inflation
0

Provenance is able to create new HASH, but the setting that would do it reads zero. The chain's own minting parameters return a zero rate and zero yearly issuance, and they read exactly zero at both ends of the 90 days. Staking rewards still get paid — they come out of the transaction fees people already paid, not out of new coins. So validators and delegators earn without anything being added to supply. Governance could switch minting back on, which is why this row stays watched rather than closed.

updated · Aug 27 2026
2. Vesting unlocks
~2,616M HASH

This one row is the whole supply story for HASH. A vote in 2025 put every non-retail holder above 100,000 HASH onto a straight-line release, and on chain that is a single cohort of locked accounts all sharing one identical schedule: Jun 22 2025 to May 22 2029, paying out every block, with no cliffs anywhere in it. 96 of the 100 largest holders sit in that cohort, holding 41,569M HASH between them when it started. Spread evenly across 1430 days that is about 29M HASH a day, or 2,616M over 90 days. That figure was not taken on trust — the locked portion of 24 of those accounts was read directly at both ends of the window and it fell 1,831M, against 1,838M expected, a match to within half a percent. Because the release is a straight line running to 2029, the next 90 days carry the same figure.

updated · Aug 27 2026
3. Foundation + unscheduled unlocks
0

Nothing left the project's own hands on top of the release already counted above. What is being watched: the locked pool still holds 29,062M HASH that has not come free yet, and the single largest locked account holds 14,766M — about 15.5% of every HASH that exists. The community treasury holds 39M and it grew by 8M over the window rather than spending anything, because fees flow into it on their own. Figure Technology Solutions, which took over running the Foundation in early 2026, is reported to hold roughly a quarter of all HASH, but it publishes no wallet list, so that share is watched through disclosure rather than read on chain. If any of those balances falls between refreshes, the outflow lands in this row at the next refresh.

checked · Aug 27 2026
4. Long-term locked or bankruptcy
0

There is no bankruptcy estate, no trustee and no court-supervised distribution attached to HASH. Nothing is queued behind this row.

permanent · no change
Buy pressure
1. Programmatic buyback
0

There is no buyback. Provenance does not run a programme that spends treasury money buying HASH on the open market, and none was announced or carried out in this window. The Foundation was restructured in early 2026 when Figure took over executing community decisions, but no repurchase mandate came with it.

checked · Aug 27 2026
2. Protocol fee burn
0

Provenance does have a burn, and it is the mechanism most write-ups lead with: an auction takes a share of network fees plus all settlement fees, and the HASH used in winning bids is destroyed for good. It did not fire once in these 90 days. This chain destroys coins in two different places, so both were read at both ends of the window. The account that holds destroyed coins sat at 21.5M HASH on both dates, unchanged to five decimal places. The total number of HASH in existence sat at 95,000M on both dates as well. Neither moved, so nothing was burned. The mechanism is live and can fire again — it simply did not. The last real removal was a vote that destroyed 5,000M HASH at the start of May 2026, which is before this window opens.

updated · Aug 27 2026
3. Foundation buy
0

The Foundation did not buy HASH on the market. Its treasury did grow — the community pool went from 31M to 39M HASH over the window — but that is fee income arriving by itself, not demand, so it is watched as an overhang on the sell side instead of being counted here.

updated · Aug 27 2026
4. New long-term lock
0

Nothing new was locked away, and staking went the other way: bonded HASH fell from 17,463M to 16,489M over the window, with 974M sitting in the queue to come unbonded at the end of it. Staking would not take coins off the market here in any case — this chain already counts staked HASH as part of the tradable float.

updated · Aug 27 2026

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Supply check · sell, buy & net
 
Last 90D
Next 90D
Sell total (M HASH)
2616.200
2616.200
Buy total (M HASH)
0.000
0.000
Sell % of circ
+4.575%
+4.575%
Buy % of circ
0.000%
0.000%
Net inflation %
+4.575%
+4.575%
Score (0–2)
0.3
0.3
Verdict
avoid
avoid
Circulating supply: 57189.680M HASH
Read the inflation analysis
The full Pressure Framework write-up for HASH.
Why a capped, non-minting chain still adds supply to the market every day.

MrNasdog Pressure Framework analysis of HASH, Metric 1 (Inflation Monitor). Data + explanation only. Not financial advice. Updated Aug 27 2026.