Hey there, crypto enthusiasts! 🚀 Let's dive into the fascinating world of Nillion and its native token, NIL, a project that's revolutionizing data security and computation in the blockchain and AI space.​


What is Nillion?

Nillion is a permissionless network designed to provide secure data storage and computation for blockchains and artificial intelligence. It tackles the challenge of handling high-value data—like that used for AI agents or trading—by enabling storage and computation on encrypted data, a process known as blind computation.

Key Features of Nillion:

  • Blind Computation: Allows data processing without revealing its content, ensuring privacy and security.​

  • Coordination Network: Manages transactions, resource allocation, and requests between network participants.​

  • Privacy-Preserving Technologies: Utilizes advanced techniques like Multi-Party Computation (MPC), Homomorphic Encryption, and Zero-Knowledge Proofs to secure data.​

The NIL Token

NIL is the native utility token of the Nillion network, serving several essential functions:​

  • Transaction Fees: Used for making transactions and accessing network resources.​

  • Blind Computation Access: Allows developers and users to leverage privacy-preserving computation services.​

  • Staking: Token holders can stake NIL to support network security and earn rewards.​Binance+1Binance+1

  • Governance: Enables participation in decentralized governance, including voting on protocol upgrades and resource allocation.​


Token Metrics:

  • Total Supply: 1,000,000,000 NIL​

  • Circulating Supply upon Listing: 195,150,000 NIL (19.52% of total supply)​Binance+1Binance+1

  • Launchpool Allocation: 3.5%​Binance

Funding and Development:

Nillion has successfully raised $52.7 million across three funding rounds and, as of March 21, 2025, boasts over 50 projects building on its network. Notable products include:​

  • nilAI: A private AI toolkit for model inference and federated learning.​

  • nilDB: An encrypted, distributed NoSQL database for secure data storage.​

  • nilVM: A platform enabling developers to create privacy-preserving applications using a Python-based domain-specific language.​

Final Thoughts:

Nillion is paving the way for a new era of secure and private data handling in the blockchain and AI industries. With its innovative approach to blind computation and a robust ecosystem, Nillion is a project worth keeping an eye on.​

Disclaimer: This article is for informational purposes only and does not constitute financial advice.

[IMPORTANT NEWS]

Exciting news for crypto enthusiasts! Binance has introduced Nillion (NIL) on its Launchpool platform, offering users the opportunity to farm NIL tokens by staking BNB, FDUSD, or USDC.

How to Participate:

  1. Staking Period: From March 21, 2025, 00:00 (UTC) to March 23, 2025, 23:59 (UTC).​

  2. Supported Pools:

    • BNB Pool: 28,000,000 NIL allocated (80% of rewards).​

    • FDUSD Pool: 3,500,000 NIL allocated (10% of rewards).​

    • USDC Pool: 3,500,000 NIL allocated (10% of rewards).​

  3. Staking Process:

    • Lock your BNB, FDUSD, or USDC tokens into the respective pools during the staking period.​

    • Rewards are calculated hourly based on your staked amount and can be claimed anytime directly to your Spot Account.​

Key Dates:

  • Farming Start: March 21, 2025, 00:00 (UTC).​

  • Farming End: March 23, 2025, 23:59 (UTC).​

  • NIL Listing: Binance will list NIL on March 24, 2025, at 13:00 (UTC), with trading pairs NIL/USDT, NIL/BNB, NIL/FDUSD, NIL/USDC, and NIL/TRY.​Binance+1Binance+1

Additional Information:

  • Total Token Supply: 1,000,000,000 NIL.​

  • Launchpool Token Rewards: 35,000,000 NIL (3.5% of total supply).​Binance

  • Initial Circulating Supply: 195,150,000 NIL (19.52% of total supply) upon listing.

For more details and to participate, visit Binance's official announcement:

Introducing Nillion (NIL) on Binance Launchpool!


Happy farming!