Humanity Protocol Ecosystem & Stakeholders

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Last updated 6 months ago

Humanity Protocol Ecosystem & Stakeholders

Within the Humanity Protocol ecosystem, the economic activities are delineated by the intricate interactions among various stakeholders, each playing a critical role in contributing to and deriving benefits from the system. This dynamic environment is powered by the $H token from facilitating ecosystem transactions to enabling governance.

Here's a closer look at the roles and economic exchanges involving these stakeholders:

End Users: Engage with the ecosystem by utilizing partner products and paying gas fees, acting as the fundamental drivers of ecosystem transactions. They are rewarded with community incentives for verifying their human identity
Identity Validators: These stakeholders bolster the network's security and efficiency by staking $H tokens in exchange for the right to issue credentials on Humanity Protocol. Their commitment is rewarded with a share of verification fees, establishing a stake-based incentive structure that underpins the network's integrity.
zkProofer Nodes: Operators of these nodes will be able to sustain and run the node with Verifier Node License, earning rewards in return for running proofs on the validity of credentials. These rewards represent a share of transaction fees or specific rewards allocated for verification services, aligning their efforts with the network’s trust architecture
Third-party Applications: Consuming network resources and incurring gas fees, these applications integrate with the HP ecosystem, for example, for credential verification and humanity attestation purposes. They are motivated by onboarding incentive grants, which enhance their participation and integration into Humanity Protocol, thus expanding the protocol’s utility and reach.
Humanity Protocol Foundation: Expends $H tokens on a variety of fronts including identification rewards, grants to ecosystem partners, operational costs, marketing initiatives, and community activations. Its revenue streams comprise collecting gas fees and conducting token buybacks, strategies aimed at regulating the token’s market supply and preserving its value. These activities cyclically support the ecosystem's expansion and viability.
Voters: Active community stakeholders who engage in the governance process by staking their tokens to vote, thereby influencing the ecosystem's direction. They are compensated with voter incentive grants, promoting a decentralized decision-making framework and aligning voter interests with the ecosystem’s prosperity.

PreviousTokenomics NextToken Allocations

Last updated 6 months ago

Here's a closer look at the roles and economic exchanges involving these stakeholders:

End Users: Engage with the ecosystem by utilizing partner products and paying gas fees, acting as the fundamental drivers of ecosystem transactions. They are rewarded with community incentives for verifying their human identity
Identity Validators: These stakeholders bolster the network's security and efficiency by staking $H tokens in exchange for the right to issue credentials on Humanity Protocol. Their commitment is rewarded with a share of verification fees, establishing a stake-based incentive structure that underpins the network's integrity.
zkProofer Nodes: Operators of these nodes will be able to sustain and run the node with Verifier Node License, earning rewards in return for running proofs on the validity of credentials. These rewards represent a share of transaction fees or specific rewards allocated for verification services, aligning their efforts with the network’s trust architecture
Third-party Applications: Consuming network resources and incurring gas fees, these applications integrate with the HP ecosystem, for example, for credential verification and humanity attestation purposes. They are motivated by onboarding incentive grants, which enhance their participation and integration into Humanity Protocol, thus expanding the protocol’s utility and reach.
Humanity Protocol Foundation: Expends $H tokens on a variety of fronts including identification rewards, grants to ecosystem partners, operational costs, marketing initiatives, and community activations. Its revenue streams comprise collecting gas fees and conducting token buybacks, strategies aimed at regulating the token’s market supply and preserving its value. These activities cyclically support the ecosystem's expansion and viability.
Voters: Active community stakeholders who engage in the governance process by staking their tokens to vote, thereby influencing the ecosystem's direction. They are compensated with voter incentive grants, promoting a decentralized decision-making framework and aligning voter interests with the ecosystem’s prosperity.