Token Utility
The $NPH token is deeply integrated into every layer of the BNHP protocol, creating genuine demand and utility beyond speculative value.
Fee Mechanism
All protocol fees — including DEX trading fees, oracle query fees, and bridge fees — are denominated in $NPH or settled using $NPH. A portion of collected fees is distributed to stakers, while another portion is burned, creating deflationary pressure on the token supply.
| Fee Type | Base Rate | Discount (with $NPH stake) |
|---|---|---|
| DEX Trading Fee | 0.30% | Up to 50% discount |
| Oracle Query Fee | 0.001 $NPH per query | Up to 80% discount |
| Bridge Fee | 0.05% | Up to 30% discount |
Staking Tiers
Users can stake $NPH to unlock progressively higher benefits:
| Tier | Required Stake | Trading Discount | Oracle Discount | APY Boost |
|---|---|---|---|---|
| Bronze | 1,000 $NPH | 10% | 20% | +0% |
| Silver | 10,000 $NPH | 25% | 40% | +2% |
| Gold | 50,000 $NPH | 40% | 60% | +5% |
| Platinum | 200,000 $NPH | 50% | 80% | +10% |
Governance Power
Staked $NPH grants voting power in the BNHP DAO. Governance covers protocol parameter changes, treasury deployments, contract upgrades, and new feature proposals. A quadratic voting mechanism ensures that governance remains democratic and resistant to whale manipulation.
Burn Mechanism
A buy-and-burn mechanism is built into the protocol: 20% of all protocol revenue is used to buy $NPH from the open market and permanently burn it. This creates a direct link between protocol usage and token value, ensuring that growth in protocol activity benefits all $NPH holders.