The $HP Token

Humanity Protocol introduces a comprehensive tokenomics model centered around the $HP token, an ERC-20 token with a fixed supply of 10 billion units, designed to fuel the ecosystem's operations and incentivize participation. The $HP token facilitates a variety of critical functions, including humanity attestation, identity verification, and credential validation, and serves as the primary medium for verification rewards for Humanity zkProofers and staking rewards for Identity Validators, as well as for DAO governance participation.

Furthermore, it underpins the Community Incentives pool, driving engagement through fairdrops, the DePIN network, and collaborations with ecosystem projects. A significant aspect of HP's tokenomics is the distribution of verification fees and project-based incentives to node operators, ensuring a fair and sustainable reward system. This model aims to create a balanced economic environment that secures the network's integrity, encourages community involvement, and sustains the token's value, laying the foundation for a decentralized digital identity verification ecosystem.