Introducing Nillion (NIL) on Binance Launchpool! Collect NIL by locking BNB, FDUSD, and USDC
Binance proudly announces the 65th project on Binance Launchpool - Nillion (NIL), a decentralized network that leverages blind computing to enable secure data processing and storage while maintaining privacy.
📍 What is Nillion?
Nillion is a permissionless network that provides secure data storage and computing for blockchain and AI. The network introduces decentralized AI and blockchain capabilities to be able to store and process data without seeing it.
📍 Project Mission:
Nillion aims to enable the next wave of web3 applications that require personal data. Nillion opens new use cases where sensitive data – such as data needed to support highly private AI agents – can be utilized without ever being exposed.
📍 Project Value Proposition:
Nillion utilizes orchestration of Privacy-Enhancing Technology (PET), including Multi-Party Computation (MPC), Homomorphic Encryption, and Zero-Knowledge Proofs to facilitate secure data computing and storage across decentralized infrastructure.
📍 Existing Products:
As of March 21, 2025, there are 50+ projects built on Nillion.
Nillion is a permissionless network that provides secure data storage and computing for blockchain and AI. Handling high-value data (e.g., data for AI agents, trading data, etc.) is very challenging or impossible for blockchain. Nillion solves this problem by enabling storage and computation on encrypted data – a process known as blind computing.
📍 NIL is the native utility token with the following functions:
📌 Coordination Network: NIL is used to conduct transactions, access network resources on the Coordination Layer, and settle usage fees across the network.
📌 Blind Computing: Developers and users can leverage NIL to access advanced privacy-preserving computing services for their applications.
📌 Staking: Token holders can stake NIL to support network security and earn rewards. Validators can bind their tokens to validate transactions and computing to secure the network.
📌 Governance: NIL token holders are eligible to participate in decentralized governance, proposing and voting on important network decisions, including protocol upgrades, network parameters, resource allocation, and community grant initiatives.
📍 The Nillion network consists of the following key components that work together:
📌 Petnet Layer: Facilitates blind computing and enables data processing without revealing its content.
📌 Coordination Layer: Operates as the transactional backbone of the network, managing payments, resource allocation, and requests among network participants.
Nillion has raised $52.7 million through three funding rounds.
On March 20, 2025, the total token supply of NIL is 1,000,000,000 and the circulating supply after listing will be 195,150,000 (19.52% of the total genesis token supply).
📍 NIL Launchpool Details:
Token Name: Nillion (NIL)
Total Token Supply: 1,000,000,000 NIL
Maximum Token Supply: Unrestricted (Inflation set at 1% per year, based on emission type and subject to governance)
Launchpool Token Reward: 35,000,000 NIL (3.5% of total token supply)
An additional 25,000,000 NIL will be allocated to other marketing campaigns 6 months after spot listing.
Initial Circulating Supply When Listed on Binance: 195,150,000 NIL (19.52% of total token supply)
Smart Contract/Network Details: Nillion Main Explorer (will be available at public launch)
Launchpool requirements will apply. Users are required to complete account verification (KYC) according to Binance rules. Maximum Limit Per Hour per User:
38,888 NIL in the BNB pool
4,861 NIL in the FDUSD pool
4,861 NIL in the USDC pool
📍 Token Distribution:
📍 How to acquire NIL:
Users will be able to lock their BNB, FDUSD, and USDC to receive NIL airdrops for three days, with farming starting from 2025-03-21 00:00 (UTC).
Announcement: https://www.binance.info/en/support/announcement/detail/2608d3a348a44a33b04a133b90d45dc2
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