Nillion (NIL) is a decentralized network that leverages blind computing technology to enable secure data processing and storage while preserving privacy. The project aims to decentralize trust in sensitive data, similar to how blockchain decentralizes transactions. By using privacy-enhancing technologies like Multi-Party Computation (MPC), Nillion allows for the secure storage of high-value data on a peer-to-peer network and enables computations to be performed on hidden data without the need to decrypt it first.
Nillion has successfully raised $20 million in a private funding round led by Distributed Global, with investors including AU21, Big Brain Holdings, Chapter One, GSR, HashKey, OP Crypto, and SALT Fund. Additionally, Nillion held a community round on CoinList in June 2024, where they successfully raised an additional $20 million by selling 50 million NIL tokens.
LBank, another crypto exchange, has also announced a listing for NIL in pre-market trading starting on March 12, 2025. Users can participate in NIL pre-market trading before its official trading begins, with the trading pair NIL/USDT.
With its innovative technology and approach to data privacy, Nillion has the potential to unlock a variety of new use cases, including personalized AI, encrypted databases, and privacy-preserving applications. However, as with any investment in other digital assets, it is important for investors to conduct thorough research and understand the risks involved before investing in NIL.
Binance has announced the 65th project in the Binance Launchpool, which is Nillion (NIL), a decentralized network that leverages blind computing to enable secure data processing and storage while preserving privacy. Users can lock their BNB, FDUSD, or USDC to receive NIL airdrop over a three-day period, starting from March 21, 2025, at 00:00 UTC to March 23, 2025, at 23:59 UTC.
Binance will list NIL on March 24, 2025, at 13:00 UTC and will open trading with the pairs NIL/USDT, NIL/BNB, NIL/FDUSD, NIL/USDC, and NIL/TRY. The total supply of tokens is 1,000,000,000 NIL, with an initial circulating supply of 195,150,000 NIL (19.52% of total supply). The inflation rate is set at 1% per year, based on the type of issuance and subject to governance.
The Launchpool reward allocation is 35,000,000 NIL (3.5% of the total token supply), with the distribution as follows:
BNB Pool: 28,000,000 NIL (80%)
FDUSD Pool: 3,500,000 NIL (10%)
USDC Pool: 3,500,000 NIL (10%)
During the farming period, the total daily rewards are 11,666,666 NIL, with the daily distribution as follows:
BNB Pool: 9,333,333 NIL
FDUSD Pool: 1,166,666 NIL
USDC Pool: 1,166,666 NIL
Please note that users must complete account verification (KYC) to participate in this Launchpool. Additionally, there is a hard limit per hour per user, which is 38,888 NIL in the BNB pool and 4,861 NIL in the FDUSD and USDC pools.
For more information about Nillion (NIL) and participation in the Launchpool, users are advised to refer to the official Binance announcement.
