Binance Launchpool returns with its 65th project, which is Nillion Network
The Nillion Network project is holding a Launchpool for its native $NIL token.
📌 For those who want to get $NIL tokens for free, it's easy.
1. Use a verified Binance account. (10% Trade Fee discount using referral code KRB16V29)
2. If the link doesn't open, please use VPN 1.1.1.1. Download it from the Play Store.
3. After your Binance account is created, go directly to the Launchpool feature.
4. Then click on the ongoing Launchpool.
5. Then select one of the coins you want to stake/lock, namely BNB, FDUSD, USDC
6. Farming for 3 days to get $NIL tokens
🗓️ Period
• Farming: March 21-24, 2025 (7 AM)
• Listing: March 24, 2025 (8 PM)
📌 $NIL Launchpool Allocation
• Total Token Supply: 1,000,000,000 NIL
• Launchpool Reward: 35,000,000 NIL (3.5% of Total Supply)
• Maximum Limit per Hour per User:
38,888 NIL in the BNB pool
4,861 NIL in the FDUSD pool
4,861 NIL in the USDC pool
• Key BNB: Reward of 28,000,000 NIL (80%)
• Key FDUSD: Reward of 3,500,000 NIL (10%)
• Key USDC: Reward of 3,500,000 (10%)
📌 Note:
- User rewards will be updated hourly.
- You can collect rewards (calculated hourly) and claim them directly to your Spot Account at any time.
- The earlier and larger the staking, the greater the allocation
🔖 Okay.. Now let's continue the review of the Nillion Network Project and Tokenomics
What is Nillion Network?
Nillion Network is a decentralized computing network project for private data, and comes as the next evolution of encryption.
What is the goal of Nillion Network?
With the core technology possessed by Nillion Network called Blind Compute. Your data cannot be seen and remains secure even while being processed.
This is even more than just privacy, Blind Compute is a secure front for data for AI, DePIN, Layer 1, etc. Because every product, every chain, and every dApp requires a foundation that preserves privacy.
How does Blind Compute work for Nillion Network?
Data is wrapped in cryptographic packages, making it unrecognizable. Masked data is split and sent to multiple nodes. The nodes then process the data without seeing it. Results are collected and compiled, showing only the final outcome to the owner.
Blind Compute allows us to process data without ever exposing it. This means our most personal information can be used to support AI, make decisions, and provide services, all without sacrificing our privacy.
Just as Ethereum created whitespace by introducing Smart Contracts, Nillion creates whitespace by introducing Blind Compute.
Implications of the Nillion Network
- Developers: gain access to more data for training without privacy issues
- Users: retain full control over their data and can still leverage AI capabilities
- Organizations: can collaborate on sensitive datasets that were previously prohibited due to privacy issues.
Blind Compute has launched 3 modules
- nilDB (distributed and encrypted database)
- nilAI (a suite of privacy tools for AI)
- nilVM (the Blind Compute layer of Nillion)
Tokenomics
$NIL as the native token will play a central role in network security, governance, and the long-term goals of Nillion.
Core functionality of $NIL:
1 ⃣ Coordination Services:
Use $NIL for transactions, accessing network resources, and settling usage fees across the network.
2 ⃣ Blind Computation:
Utilize $NIL for privacy-preserving storage and computation for your applications.
3 ⃣ Staking:
Stake $NIL to support security and validate computations while earning rewards.
4 ⃣ Governance:
Participate and vote on important network decisions.
