On March 21, 2025, Binance Launchpool announced the launch of the 65th project Nillion (Nil), and trading will start at 21:00 (Eastern Time) on March 24. We expect the short-term price of Nil tokens to fluctuate in the range of 1-1.5u at the opening.

1.Launchpool Details-

-Token name: Nillion (NIL)

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

  • Maximum token supply: Unlimited (1% annual inflation rate based on release type and autonomous governance)

  • Launchpool Total: 35,000,000 NIL (3.5% of the maximum token supply)

An additional 25,000,000 NIL will be allocated for marketing activities 6 months after spot listing. Detailed rules will be announced separately.

  • Initial circulation: 195,150,000 NIL (19.52% of total token supply)

2. Project Introduction

Nillion is a decentralized network that uses blind computation to enable secure data processing and storage while preserving privacy. Founded in 2021, the Nillion network provides an innovative way to process private data across distributed systems without compromising security or efficiency. Powered by application frameworks such as nilVM, nilDB, nilAI, and nilChain, Nillion provides developers with the tools to build privacy-preserving applications across areas such as AI, DeFi, and data storage.

3. Project Highlights

  • Nillion has partnered with companies such as Virtuals, NEAR, Aptos, Arbitrum, Ritual, io.net, and Meta.

  • A suite of application tools, including nilAI, nilVM, nilDB, and nilChain, provides developers with the resources they need to create privacy-preserving applications across areas such as AI, healthcare, and DeFi.

  • The network leverages privacy-enhancing technology (PET) orchestration — including multi-party computation (MPC), homomorphic encryption, and zero-knowledge proof techniques — to facilitate secure data computation and storage across its decentralized infrastructure.

  • Nillion’s validator program has reached approximately 500,000 validators who actively contribute to the network, collectively processing approximately 195 million secrets and securing approximately 1,050 GB of data.

4. Product Introduction

As of March 21, 2025, the Nillion ecosystem has built more than 50 projects.

4.1. Core application tools

1. nilAI: nilAI is Nillion’s privacy-focused suite of AI technologies (i.e. AIVM, nada-AI, and nilTEE). Here’s how they work:

- AI Virtual Machine (AIVM): A secure AI inference platform developed based on Nillion’s MPC technology and Meta’s CrypTen framework. It uses the Discrete Wavelet Transform (DWT) developed in conjunction with the Meta artificial intelligence research team to accelerate inference. AIVM ensures private deep learning model inference and deployment by keeping individual nodes immune to user prompts and model outputs, thereby maintaining data confidentiality.

- nada-AI: A nilVM library designed for AI applications that provides a PyTorch-like interface for running small models (e.g., neural networks, convolutional neural networks, linear regression, etc.). Developers can also use the provided Google Colab notebook to quickly start their projects.

- nilTEE: A solution for running large language models (LLMs) during high-performance inference using a trusted execution environment (TEE). Nillion proposes limiting the use of TEEs to inference time, rather than long-term data storage. Research is ongoing to enhance nilTEE and AIVM by splitting the inference setup to further improve security and performance.

2.nilDB: nilDB is an encrypted distributed NoSQL database designed for privacy-preserving data storage and computation. Unlike conventional NoSQL databases, nilDB eliminates reliance on central authority by distributing encrypted data as secret shares across multiple nodes. In addition, data owners can grant access to others to run SQL-like queries, computations, and privacy-preserving aggregations on stored data.

3.nilVM: nilVM is a virtual machine that allows developers to create programs using PET. Programs are written in Nada (Nillion's Python-based open source DSL) and developed using the Nillion SDK. Nada also includes code libraries such as nada-ai (similar to PyTorch and scikit-learn), nada-numpy, nada-data, and nada-test to simplify program development. Developers can integrate nilVM into their applications using Python, Typescript, or CLI clients, and utilize the storage API for secure data storage and retrieval on the Nillion Network.

5.Team Introduction


6. Financing History

The total amount of financing disclosed so far by Nillion is approximately US$65 million.

7. Token Economy

Nil is the native utility token with the following features:

1. Pay for computing services, data storage, AI reasoning, and transaction fees for the Petnet and coordination layers. Specifically, developers can use NIL to access the privacy-preserving computing services provided by Nillion for their applications.

2. Stake and support network security and earn rewards. Validators bond NIL to verify transactions and calculations, ensuring the security of the coordination layer. Petnet nodes stake NIL to improve the security of their clusters and attract developers and applications.

3. Participate in decentralized governance by proposing and voting on various network decisions such as protocol upgrades, resource allocation, and community grant programs.

Token Allocation and Unlocking:


8. Secondary market performance forecast

1. Recent performance of Binance Launchpool

The market has bottomed out and stabilized recently, and the performance of previous Launchpool projects has been relatively average

2. On-chain borrowing costs

According to the on-chain BNB lending situation, users who use lending to participate in this Launchpool need the coin price to reach 2.81

USD or more to cover the borrowing costs during the period.

3. Track comparison

Currently, in the field of privacy computing, the project that matches the concept and technology is Oasis Network (ROSE). If Nil is benchmarked against this project, the listing price will be around 1.23 USD.

4. Pre-market price

From AEVO, we can see the pre-market price of Nil. The current price is 0.89u, and the cumulative trading volume is 1.2 million US dollars.

In summary, the Nil token price is expected to fluctuate in the range of 1-1.5u in the short term at the opening.

References:

Binance Announcement,

https://www.binance.com/zh-CN/support/announcement/detail/2608d3a348a44a33b04a133b90d45dc2

Binance Research, https://www.binance.com/zh-CN/research/projects/nillion

Messari Research Report, https://cn.investing.com/analysis/article-200490252

Odaily, https://www.binance.com/zh-CN/square/post/18966623965081

Rootdata, https://www.rootdata.com/zh/Projects/detail/Nillion?k=NTk1Mw%3D%3D