$BNB Binance announces their 65th launchpool project

$NIL is the native token of Nillion, and will play a central role in the network’s security, governance and long-term objectives of Nillion. Core functionalities of $NIL include:

Coordination Services: $NIL is used to make transactions, access network resources on the Coordination Layer, and settle usage costs across the network.

Blind Computation: Developers and users leverage $NIL to access advanced privacy-preserving storage and computation for their applications.

Staking: Tokenholders stake $NIL to support network security and earn rewards. Validators bond their tokens to validate transactions and computations to secure the network.

Governance: $NIL tokenholders are eligible to participate in decentralized governance, proposing and voting on critical network decisions, including protocol upgrades, network parameters, resource allocation, and community grant initiatives.