nillion

I did some research on #Nillion and found some red flags which indicates that it might be a scam and the reason is that its Max supply is nearly 50% less than its circulating supply. Some other reasons are:
Here's why:
* Trading Opens in the Future: The image clearly states "Trading opens on 03/24 13:00:00 (UTC)". The current date and time according to the context is Monday, March 24, 2025, at 9:43 AM PST. This translates to Monday, March 24, 2025, around 5:13 PM UTC. The image indicates trading will open at 1:00 PM UTC on the same day. This in itself isn't necessarily a scam, as new listings often have a scheduled opening time.
* Extremely High Circulating Supply Compared to Max Supply: This is a major red flag. The image shows a:
* Max Supply: 100 Million
* Circulating Supply: 195.15 Million
This means there are significantly more tokens in circulation than the stated maximum supply. This is mathematically impossible and strongly suggests inaccurate or fraudulent information about the tokenomics. Legitimate cryptocurrencies have a clearly defined and limited maximum supply.
* Very Low Market Cap for Such a High Circulating Supply: With a circulating supply of 195.15 million and a market cap of only ₹367,406.42 (approximately $4,400 USD at a rough exchange rate), the price per token would be incredibly low (around $0.0000225 per token). While low prices aren't always indicative of a scam, this extreme discrepancy, especially coupled with the impossible circulating supply, is suspicious.
* Push for "Advance Order": The prominent call to action to "Place an advance order to stay ahead" can be a tactic used in scams to create a sense of urgency and encourage people to invest before they have a chance to do proper research.
In conclusion, the discrepancy between the circulating supply and max supply is a critical warning sign. This strongly suggests that the information provided about the NIL (Nillion) token is either fundamentally flawed or intentionally misleading.
It is highly advisable to exercise extreme caution and avoid investing in this token without thorough and independent verification of its legitimacy and tokenomics from reputable sources. Do not rely solely on the information presented in this image.
Here's what you should do:
* Independently verify the token's existence and details: Check reputable cryptocurrency data aggregators (like CoinMarketCap, CoinGecko), official blockchain explorers (though the linked Mintscan explorer might be for a different chain if the supply numbers are wrong), and the project's official website (be wary of unprofessional or suspicious-looking websites).
* Research the team and whitepaper: Look for a transparent and credible team and a well-documented whitepaper explaining the project's goals, technology, and tokenomics.
* Be wary of promises of high returns and pressure to invest quickly.
* Never invest more than you can afford to lose.
Disclaimer: This is just my opinion as per my research. Please As it can be seen here, it is saying that max supply is less than circulating supply.
@Binance Customer Support

🔹 What is Nillion (NIL)?
A decentralized network that leverages blind computing to securely process and store data while preserving privacy.

🔹 Launchpool Information:
• Users can stake BNB, FDUSD, and USDC to earn NIL rewards over a three-day period.
• Farming begins on March 21, 2025, at 00:00 UTC.

🔹 Listing Information:
• Binance will officially list NIL on March 24, 2025, at 13:00 UTC.
• Available trading pairs: NIL/USDT, NIL/BNB, NIL/FDUSD, NIL/USDC, NIL/TRY.
• NIL will carry the Seed Tag label.

This looks like an exciting opportunity—are you considering farming or trading NIL?
#VoteToListOnBinance #ETHBreaks2k #nillion #NIL
$BNB