Good news for you Binancians!
Binance officially presents the 65th project on Binance Launchpool, which is Nillion ($NIL). You can farm NIL tokens by locking BNB, FDUSD, or USDC for 3 days! The farming period starts on March 21, 2025, at 00:00 UTC โณ.
๐ธ๏ธ What is Nillion?
Nillion is a decentralized network that enables secure storage and computing of data for blockchain and AI. This technology allows sensitive dataโsuch as AI or trading dataโto be processed without being visible, known as blind computation.
๐ธ๏ธ Function of NIL Token
๐ฐ Transactions & Network Access โ Used for payments and accessing services on the network.
๐ Blind Computation โ Allows developers and users to perform advanced privacy computations.
๐ก๏ธ Staking & Security โ Tokens can be staked to support network security and earn rewards.
๐ Governance โ Token holders can participate in network decisions, such as protocol upgrades and resource allocation.
๐ธ๏ธ Key Components of the Network
๐ง Petnet Layer โ Processing data without revealing its contents.
๐ Coordination Layer โ Backbone of transactions, managing payments and resource allocation.
๐ต Funding: Nillion has raised $52.7 million in three investment rounds.
๐ Token Supply: 1 Billion total supply, with 195,150,000 NIL circulating at listing (19.52%).
๐ธ๏ธ Products & Technology
๐ nilAI โ Privacy AI with features like Private RAG SDK and federated learning.
๐๏ธ nilDB โ Encrypted NoSQL database that protects user data privacy.
๐ป nilVM โ A platform for building privacy-based applications with Python-based DSL.
๐ธ๏ธ Collaboration & Integration
๐ฆ Meta โ Private AI research with Meta.
๐ Near, Aptos, Arbitrum, Sei โ Integrating Nillion's blind computation into their blockchains.
๐ฉบ MonadicDNA & Stadium Science โ Securely processing health and DNA data.
๐ Soarchain โ Connecting vehicles to a secure data network.
๐ ๏ธ Blerify, Reclaim Protocol, Pindora โ Securing identity data, communication, and verification with Nillion technology.
๐ธ๏ธ Roadmap & Future
๐ Q1 2025: Mainnet Launch & TGE.
๐ Collaborating with major companies: Saudi Telecom, ai16z, Virtuals, Capx, and many more!
Nillion opens a new era in data privacy and decentralized computing! ๐๐
๐ฅ Listing NIL on Binance!
After the farming period ends, Binance will list NIL on March 24, 2025, at 13:00 UTC with trading pairs:
๐ NIL/USDT
๐ NIL/BNB
๐ NIL/FDUSD
๐ NIL/USDC
๐ NIL/TRY
๐ IMPORTANT! Binance is the first platform to list this token. So, if anyone offers NIL before that date, be careful of scams! Always do your own research to keep your funds safe! ๐ก๐
๐ฐ Details Launchpool NIL:
๐น Total Supply: 1 Billion NIL
๐น Token Rewards in Launchpool: 35 Million NIL (3.5% of total supply)
๐น An additional 25 Million NIL will be allocated for marketing campaigns 6 months after listing.
๐น Initial Supply at Listing: 195.15 Million NIL (19.52% of total supply)
๐น Farming Period: March 21-23, 2025
๐ฏ Limit Per User (Per Hour):
๐ธ BNB Pool: 38,888 NIL
๐ธ FDUSD Pool: 4,861 NIL
๐ธ USDC Pool: 4,861 NIL
๐ Supported Pools:
โ Lock BNB: 28 Million NIL (80% of total rewards)
โ Lock FDUSD: 3.5 Million NIL (10%)
โ Lock USDC: 3.5 Million NIL (10%)
๐ To participate, you must verify your account (KYC) on Binance!
Ready to farm NIL and earn together? ๐๐ฐ
Or want to discuss further? ๐ค Join the Binance Academy Indonesia Telegram group and chat with the community!
