First of all, congratulations to the BNB 'Retirement Monsters' in the community, who have recently seen wallet IDOs, holders, and pools — it's been great!
Binance Launchpool Phase 65 Project - Nillion (NIL), is currently mining. For those who haven't invested yet, remember to jump in quickly! NIL will officially start trading on March 24 at 21:00!
Next, let's quickly understand what Nillion is.
⁉️ What is Nillion?
Nillion is a decentralized data computing network, hailed as 'the world's first blind computer' 🔒, utilizing blind computation technology (integrating multi-party computation MPC, fully homomorphic encryption FHE, and other eight privacy-enhancing technologies) to enable participating nodes to perform joint computations without 'seeing' the raw data, thus ensuring data privacy while significantly improving network efficiency.
📍 What is the mission and value proposition of Nillion?
Mission: To create a privacy-first, highly scalable decentralized computing network that provides a secure and scalable computing platform for Web3 developers and enterprises.
Value Proposition:
Privacy-first: Utilizing 'blind computation' technology, data is encrypted throughout the computational process, protecting the sensitive information of users and enterprises.
Efficient collaboration: Supports multi-node parallel processing without trusting a single center, enhancing the overall network's processing capability and attack resistance, with performance comparable to centralized servers.
Decentralized ecosystem: Through open ecosystem design, encourages community engagement and incentivizes developers to jointly promote technological progress and industrial innovation.
⛏️ What existing products does Nillion have?
Nillion Network: As the underlying protocol, N supports secure computation across nodes and chains, achieving data privacy and efficient collaboration.
Developer tools and SDK: Provides a complete development toolkit to help developers build privacy-preserving decentralized applications (dApps) and lower technical barriers.
Application examples: Multiple prototype products have demonstrated how to achieve privacy computing in finance, healthcare, supply chains, etc., validating Nillion's application potential in real scenarios.
Ecosystem dashboard: An intuitive data visualization tool that helps users monitor network status, node performance, and computational performance in real-time, providing strong support for on-chain data analysis.
💰 Funding situation and NIL token allocation and circulation
Funding situation:
According to Rootdate, Nillion has raised a total of $65 million through multiple rounds of strategic investment and token financing, with Series A raising $20 million at a $400 million valuation, community round raising $25 million, and the latest round also raising $25 million (Note: specific valuation information for the last two rounds has not yet been disclosed)
Token circulation, etc.:
– Initial total supply: 1 billion NIL
– Initial circulating supply: 195 million (≈ 20% of total supply)
– Binance Launchpool total: 35 million NIL (accounting for 3.5% of total tokens)
– For other allocations and releases, please see the attached image
📢 It is important to note: The current initial supply is 1 billion, but due to an annual inflation rate of 1%, the long-term supply will gradually increase, with no hard cap!