Basic information about Nillion and $NIL, the 65th project on Binance Launchpool 🔥
1️⃣. What is Nillion ❓
Nillion is a Blockchain that uses a private security layer mechanism for sensitive data through Blind Compute technology. Nillion aims to become the infrastructure for "AI internet", with Blind Modules such as nilDB (encrypted database), nilAI (private AI tool), and nilVM (general blind computation) 🖥
2️⃣. Tokenomics of $NIL
$NIL is the representative Token of Nillion with a total supply of 1,000,000,000 Tokens. $NIL is allocated as follows:
- 29% for Ecosystem and Research & Development (Ecosystem and R&D)
- 20% - Community
- 10% - Protocol Development
- 21% - Early Backers
- 20% - Core Contributors
3️⃣. Token Use case
- Payment of fees: Users use $NIL to pay transaction fees, access network resources such as data storage on nilDB
- Staking: Nodes in the network can stake $NIL to participate in validation and maintain security
- Voting rights: $NIL holders can participate in governance decisions, such as protocol updates, community fund allocations...
4️⃣ Ecosystem
As of March 21, 2025, there are over 50 projects being built on Nillion. Three tools that help Dapps develop on Nillion include nilAI, nilDB, and nilVM
- With nilVM allowing builders to program privacy-preserving applications using DSL based on Python
- nilDB allows decentralization enabling users and developers to unlock the power of sensitive data while still protecting privacy
