Crypto Revolution Masters
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Benefits of Binance Launchpool, how to use it and key details of NIL - The 65th Project on it
Nillion, the pioneering Layer 1 blockchain project specializing in Blind Compute technology, has made a strong impact by becoming the 65th project on Binance Launchpool.
Binance allows users to stake BNB, FDUSD, and USDC to share 35 million NIL tokens from March 21 to March 24, before officially listing on Binance at 13:00 UTC on March 24.
What is Nillion Network?
Nillion Network is a layer 1 computing network built on the Cosmos SDK infrastructure. The project aims to address three main challenges in handling High Value Data (HVD): secure storage needs, ensuring computational security, and decentralized management.
The platform achieves these goals by leveraging privacy enhancing technologies (PETs), including Multi-Party Computation (MPC). PETs enable users to securely store high value information on Nillion Network's peer-to-peer network and perform computations on masked data, eliminating the need to decrypt data before processing and enhancing customer information security.
Developers are building dedicated tools for the Nillion ecosystem, including private predictive machine learning models and secure computation and storage solutions for medical data, transactions, and passwords.
On March 20, Nillion launched its mainnet, marking a transition from the testing phase to full-scale operation. This milestone includes the introduction of its native NIL token, designed to support payments, governance, and network security.
Previously, Nillion activated the NIL allocation checker, allowing the community to verify their airdrop rewards—an effort to ensure transparency and encourage participation. Additionally, the Nucleus Builder’s Program was introduced to foster ecosystem growth through innovative applications.
Nillion has also revealed plans to integrate with partner blockchains such as NEAR and Aptos, expanding secure computation capabilities across the crypto industry. These initiatives not only reinforce the vision of self-sovereign data but also demonstrate Nillion’s acceleration in leading the Web3 revolution.
Information about NIL token
👉Token name: Nillion Network
👉Symbol: NIL
👉Total supply: 1,000,000,000 NIL
👉Max supply: 1,000,000,000 NIL
🔥Token allocation
👉Ecosystem & R&D: 29%
👉Community: 20%
👉Protocol Development: 10%
👉Early Supporters: 21%
👉Core Contributors: 20%
NIL utility
NIL plays a central role in the security, governance, and long-term objectives of the Nillion network. Its core functions include:
🔥Coordination services: NIL is used for transactions, accessing network resources, and paying for usage fees across the network.
🔥Blind Computation: NIL facilitates secure storage and computation, protecting privacy for applications.
🔥Staking: Users can stake NIL to enhance security, validate computations, and earn rewards.
🔥Governance: NIL holders can participate in and vote on key network decisions.
Characteristics of Nillion Network
High Value Data (HVD)
High Value Data refers to data extremely crucial to organizations or individuals due to its significant impact on people's lives. HVD spans across various fields: from artificial intelligence to trading information (leverage and limit orders), identity, healthcare data, access control, decentralized social networks, passwords, and biometrics. These high value data sets are indispensable parts of societal infrastructure.
Nillion Network decentralizes high value data using cryptography, not only as a defensive strategy against threats but also as a proactive step towards new use cases and a fairer data ecosystem. This approach ensures that individuals can provide sensitive information in digital spaces without excessive concerns, guaranteeing privacy and convenience on the internet.
Multi-Party Computation (MPC)
Multi-Party Computation, or MPC, is a method of collaborative computation that addresses the privacy protection challenge while allowing parties to compute based on shared data without revealing the actual inputs of each party. Simply put, MPC supports computations without disclosing sensitive information, such as high value data or sensitive customer information.
MPC operates by using cryptographic algorithms and security protocols to ensure that original data remains confidential throughout the computation process. Instead of sending raw information over the network or unlocking data vaults, participating parties interact with encrypted segments. These computations are designed to yield desired results without disclosing any detailed information about the initial data.
MPC finds practical applications in various fields. For instance, in healthcare, organizations or personnel can analyze patient data from multiple sources without disclosing specific medical conditions or personal information. MPC is also utilized in auction activities where participants can submit proposals, financial bids, or items without revealing their identities to competitors. Therefore, MPC not only safeguards privacy but also opens up new opportunities for secure and fair information analysis and utilization.
Nillion's MPC Protocol
Nillion's MPC protocol extends Linear Secret-Sharing Schemes (LSSS) to enable non-linear operations. The protocol operates in two main phases:
Pre-processing: Generates and distributes shares (masks) for each factor and term using MPC techniques independent of input values, ensuring security for future computations.
Computation: Divided into input, evaluation, and output stages. Participants combine shares with inputs to create masked factors, perform computations on these multiplicatively homomorphic masked factors, and aggregate results safely.
Key features of Nillion's MPC Protocol include decentralized computation, efficient pre-processing based on input quantities, asynchronous computation without message exchange, and Information-Theoretic Security (ITS) to safeguard against unlimited computational efforts to steal customer data.
Operation mechanism
Nillion Network provides an optimal environment for developers to build decentralized applications capable of high-security data storage. The project employs the Nada programming language to define blind computation programs.
The platform adopts a decentralized storage model to distribute on-chain data, ensuring privacy and high-speed computation capabilities on fundamental data. Unlike many current blockchain projects, Nillion Network's network nodes do not need continuous communication for transactional information storage.
The platform's structure comprises three main layers:
👉Processing layer: Nodes deployed using the Nillion Node Development Kit (NDK) connect to form secure data processing clusters.
👉Coordination layer: A blockchain application environment supporting internal nodes, managing payments, and coordinating network resources.
👉Connectivity layer: Facilitates network integration with off-chain systems and diverse blockchains to expand access to computation and storage capabilities on the Nillion Network.
Roadmap
Phase 0
👉Testnet Genesis
👉Testnet Petnet
👉Verification Program
Phase 1
👉Mainnet Genesis
👉Blind Compute modules operational
👉Community Airdrop
Phase 2
👉Integration with partner chains
👉Blind Compute orchestration modules operational
👉Nucleus Cohorts active
Phase 3
👉Auditing and validation of general computation layer
👉Ecosystem exploration
Phase 4
👉Permissionless scaling
👉Enhanced decentralization
What Is Binance Launchpool?
Binance Launchpool is a staking-based token distribution platform that allows users to earn newly launched tokens by locking their existing assets. Unlike Binance Launchpad—where users have to commit BNB to purchase tokens—Launchpool enables participants to farm new assets passively.
The key difference between Launchpad and Launchpool is that no upfront purchase is required. Instead of buying tokens, users earn them by staking BNB, stablecoins, or other supported assets into liquidity pools. The more you stake, the more rewards you receive, making it a low-risk way to gain exposure to new projects.
How Binance Launchpool Works?
Participating in Binance Launchpool is straightforward, and unlike Launchpad, it offers greater flexibility when it comes to accessing funds. Here’s how it works:
👉Step 1: Staking Your Assets
Users can choose a project currently listed on Binance Launchpool.
Supported assets typically include BNB, stablecoins like FDUSD, or other tokens.
Users can allocate funds to a specific staking pool, committing their assets to farm new tokens.
👉Step 2: Earning Rewards
Once staked, users begin earning new tokens immediately, based on the amount they’ve locked.
Rewards are distributed proportionally—the more you stake, the more tokens you receive.
Farming periods usually last a few weeks, but users can claim their rewards daily.
👉Step 3: Claiming and Unstaking Assets
Users can withdraw earned tokens at any time, rather than waiting until the farming event ends.
If needed, participants can unstake their original assets anytime, giving them full control over their funds.
Once the farming period concludes, the newly acquired tokens are listed on Binance for trading.
Benefits of Binance Launchpool
Binance Launchpool offers several advantages that make it an appealing alternative to traditional token sales.
Earn New Tokens Without Direct Investment
Unlike Launchpad, where users purchase tokens, Launchpool allows users to farm new assets by simply staking their existing holdings.
Flexibility to Unstake Funds Anytime
Unlike many staking or farming platforms that lock assets for fixed periods, Launchpool offers full control over staked funds.
Users can unstake their assets at any time, allowing them to reallocate funds elsewhere if needed.
Fair Token Distribution Model
Tokens are distributed proportionally, ensuring that all participants receive a fair share based on their staked amount.
Access to Vetted Projects with Binance’s Backing
Just like Binance Launchpad, Launchpool only features projects that have been thoroughly vetted by Binance’s investment and listing teams.
This adds a layer of trust and legitimacy, reducing the risk of fraudulent or low-quality projects.
Global Exposure and Liquidity Post-Farming
Once the farming period ends, the tokens are listed on Binance, providing liquidity and multiple trading pairs.
This ensures that newly launched assets are available for trading without the delays often seen in smaller token launches.
How to Use Binance Launchpool
1. Ensure You Have a Binance Account & Supported Assets
To use Launchpool, you need a verified Binance account.
👉Make sure you have BNB, FDUSD, or other supported tokens in your Binance wallet, as these are typically required for staking.
Find an Active Launchpool Project - The current one is NILLION 🔥
Navigate to “Launchpool” from the Binance homepage.
Scroll down to the Launchpool section, where you’ll see active and upcoming farming opportunities.
Click on a project to view details such as farming period, rewards, supported tokens, and APY.
Choose a Staking Pool & Allocate Funds
Each project has multiple staking pools (e.g., BNB pool, stablecoin pool, or other token pools).
Select a pool and enter the amount of assets you want to stake.
Your funds will be locked for farming, but you can unstake them anytime if needed.
Earn & Claim Rewards
Once your assets are staked, you’ll start earning new tokens in real time.
Rewards are distributed proportionally based on the amount staked.
You can claim your rewards anytime, rather than waiting for the farming event to end.
Unstake & Withdraw Funds
Unlike many staking programs, Binance Launchpool offers full flexibility—you can unstake your funds at any time.
Once the farming period ends, your earned tokens and staked assets will be automatically credited to your Binance spot wallet.
🔥Farm NIL here ( still few hours to go ):🔥
https://launchpad.binance.com/en/launchpool/NIL_BNB
#BinanceLaunchpoolNIL
Binance allows users to stake BNB, FDUSD, and USDC to share 35 million NIL tokens from March 21 to March 24, before officially listing on Binance at 13:00 UTC on March 24.
What is Nillion Network?
Nillion Network is a layer 1 computing network built on the Cosmos SDK infrastructure. The project aims to address three main challenges in handling High Value Data (HVD): secure storage needs, ensuring computational security, and decentralized management.
The platform achieves these goals by leveraging privacy enhancing technologies (PETs), including Multi-Party Computation (MPC). PETs enable users to securely store high value information on Nillion Network's peer-to-peer network and perform computations on masked data, eliminating the need to decrypt data before processing and enhancing customer information security.
Developers are building dedicated tools for the Nillion ecosystem, including private predictive machine learning models and secure computation and storage solutions for medical data, transactions, and passwords.
On March 20, Nillion launched its mainnet, marking a transition from the testing phase to full-scale operation. This milestone includes the introduction of its native NIL token, designed to support payments, governance, and network security.
Previously, Nillion activated the NIL allocation checker, allowing the community to verify their airdrop rewards—an effort to ensure transparency and encourage participation. Additionally, the Nucleus Builder’s Program was introduced to foster ecosystem growth through innovative applications.
Nillion has also revealed plans to integrate with partner blockchains such as NEAR and Aptos, expanding secure computation capabilities across the crypto industry. These initiatives not only reinforce the vision of self-sovereign data but also demonstrate Nillion’s acceleration in leading the Web3 revolution.
Information about NIL token
👉Token name: Nillion Network
👉Symbol: NIL
👉Total supply: 1,000,000,000 NIL
👉Max supply: 1,000,000,000 NIL
🔥Token allocation
👉Ecosystem & R&D: 29%
👉Community: 20%
👉Protocol Development: 10%
👉Early Supporters: 21%
👉Core Contributors: 20%
NIL utility
NIL plays a central role in the security, governance, and long-term objectives of the Nillion network. Its core functions include:
🔥Coordination services: NIL is used for transactions, accessing network resources, and paying for usage fees across the network.
🔥Blind Computation: NIL facilitates secure storage and computation, protecting privacy for applications.
🔥Staking: Users can stake NIL to enhance security, validate computations, and earn rewards.
🔥Governance: NIL holders can participate in and vote on key network decisions.
Characteristics of Nillion Network
High Value Data (HVD)
High Value Data refers to data extremely crucial to organizations or individuals due to its significant impact on people's lives. HVD spans across various fields: from artificial intelligence to trading information (leverage and limit orders), identity, healthcare data, access control, decentralized social networks, passwords, and biometrics. These high value data sets are indispensable parts of societal infrastructure.
Nillion Network decentralizes high value data using cryptography, not only as a defensive strategy against threats but also as a proactive step towards new use cases and a fairer data ecosystem. This approach ensures that individuals can provide sensitive information in digital spaces without excessive concerns, guaranteeing privacy and convenience on the internet.
Multi-Party Computation (MPC)
Multi-Party Computation, or MPC, is a method of collaborative computation that addresses the privacy protection challenge while allowing parties to compute based on shared data without revealing the actual inputs of each party. Simply put, MPC supports computations without disclosing sensitive information, such as high value data or sensitive customer information.
MPC operates by using cryptographic algorithms and security protocols to ensure that original data remains confidential throughout the computation process. Instead of sending raw information over the network or unlocking data vaults, participating parties interact with encrypted segments. These computations are designed to yield desired results without disclosing any detailed information about the initial data.
MPC finds practical applications in various fields. For instance, in healthcare, organizations or personnel can analyze patient data from multiple sources without disclosing specific medical conditions or personal information. MPC is also utilized in auction activities where participants can submit proposals, financial bids, or items without revealing their identities to competitors. Therefore, MPC not only safeguards privacy but also opens up new opportunities for secure and fair information analysis and utilization.
Nillion's MPC Protocol
Nillion's MPC protocol extends Linear Secret-Sharing Schemes (LSSS) to enable non-linear operations. The protocol operates in two main phases:
Pre-processing: Generates and distributes shares (masks) for each factor and term using MPC techniques independent of input values, ensuring security for future computations.
Computation: Divided into input, evaluation, and output stages. Participants combine shares with inputs to create masked factors, perform computations on these multiplicatively homomorphic masked factors, and aggregate results safely.
Key features of Nillion's MPC Protocol include decentralized computation, efficient pre-processing based on input quantities, asynchronous computation without message exchange, and Information-Theoretic Security (ITS) to safeguard against unlimited computational efforts to steal customer data.
Operation mechanism
Nillion Network provides an optimal environment for developers to build decentralized applications capable of high-security data storage. The project employs the Nada programming language to define blind computation programs.
The platform adopts a decentralized storage model to distribute on-chain data, ensuring privacy and high-speed computation capabilities on fundamental data. Unlike many current blockchain projects, Nillion Network's network nodes do not need continuous communication for transactional information storage.
The platform's structure comprises three main layers:
👉Processing layer: Nodes deployed using the Nillion Node Development Kit (NDK) connect to form secure data processing clusters.
👉Coordination layer: A blockchain application environment supporting internal nodes, managing payments, and coordinating network resources.
👉Connectivity layer: Facilitates network integration with off-chain systems and diverse blockchains to expand access to computation and storage capabilities on the Nillion Network.
Roadmap
Phase 0
👉Testnet Genesis
👉Testnet Petnet
👉Verification Program
Phase 1
👉Mainnet Genesis
👉Blind Compute modules operational
👉Community Airdrop
Phase 2
👉Integration with partner chains
👉Blind Compute orchestration modules operational
👉Nucleus Cohorts active
Phase 3
👉Auditing and validation of general computation layer
👉Ecosystem exploration
Phase 4
👉Permissionless scaling
👉Enhanced decentralization
What Is Binance Launchpool?
Binance Launchpool is a staking-based token distribution platform that allows users to earn newly launched tokens by locking their existing assets. Unlike Binance Launchpad—where users have to commit BNB to purchase tokens—Launchpool enables participants to farm new assets passively.
The key difference between Launchpad and Launchpool is that no upfront purchase is required. Instead of buying tokens, users earn them by staking BNB, stablecoins, or other supported assets into liquidity pools. The more you stake, the more rewards you receive, making it a low-risk way to gain exposure to new projects.
How Binance Launchpool Works?
Participating in Binance Launchpool is straightforward, and unlike Launchpad, it offers greater flexibility when it comes to accessing funds. Here’s how it works:
👉Step 1: Staking Your Assets
Users can choose a project currently listed on Binance Launchpool.
Supported assets typically include BNB, stablecoins like FDUSD, or other tokens.
Users can allocate funds to a specific staking pool, committing their assets to farm new tokens.
👉Step 2: Earning Rewards
Once staked, users begin earning new tokens immediately, based on the amount they’ve locked.
Rewards are distributed proportionally—the more you stake, the more tokens you receive.
Farming periods usually last a few weeks, but users can claim their rewards daily.
👉Step 3: Claiming and Unstaking Assets
Users can withdraw earned tokens at any time, rather than waiting until the farming event ends.
If needed, participants can unstake their original assets anytime, giving them full control over their funds.
Once the farming period concludes, the newly acquired tokens are listed on Binance for trading.
Benefits of Binance Launchpool
Binance Launchpool offers several advantages that make it an appealing alternative to traditional token sales.
Earn New Tokens Without Direct Investment
Unlike Launchpad, where users purchase tokens, Launchpool allows users to farm new assets by simply staking their existing holdings.
Flexibility to Unstake Funds Anytime
Unlike many staking or farming platforms that lock assets for fixed periods, Launchpool offers full control over staked funds.
Users can unstake their assets at any time, allowing them to reallocate funds elsewhere if needed.
Fair Token Distribution Model
Tokens are distributed proportionally, ensuring that all participants receive a fair share based on their staked amount.
Access to Vetted Projects with Binance’s Backing
Just like Binance Launchpad, Launchpool only features projects that have been thoroughly vetted by Binance’s investment and listing teams.
This adds a layer of trust and legitimacy, reducing the risk of fraudulent or low-quality projects.
Global Exposure and Liquidity Post-Farming
Once the farming period ends, the tokens are listed on Binance, providing liquidity and multiple trading pairs.
This ensures that newly launched assets are available for trading without the delays often seen in smaller token launches.
How to Use Binance Launchpool
1. Ensure You Have a Binance Account & Supported Assets
To use Launchpool, you need a verified Binance account.
👉Make sure you have BNB, FDUSD, or other supported tokens in your Binance wallet, as these are typically required for staking.
Find an Active Launchpool Project - The current one is NILLION 🔥
Navigate to “Launchpool” from the Binance homepage.
Scroll down to the Launchpool section, where you’ll see active and upcoming farming opportunities.
Click on a project to view details such as farming period, rewards, supported tokens, and APY.
Choose a Staking Pool & Allocate Funds
Each project has multiple staking pools (e.g., BNB pool, stablecoin pool, or other token pools).
Select a pool and enter the amount of assets you want to stake.
Your funds will be locked for farming, but you can unstake them anytime if needed.
Earn & Claim Rewards
Once your assets are staked, you’ll start earning new tokens in real time.
Rewards are distributed proportionally based on the amount staked.
You can claim your rewards anytime, rather than waiting for the farming event to end.
Unstake & Withdraw Funds
Unlike many staking programs, Binance Launchpool offers full flexibility—you can unstake your funds at any time.
Once the farming period ends, your earned tokens and staked assets will be automatically credited to your Binance spot wallet.
🔥Farm NIL here ( still few hours to go ):🔥
https://launchpad.binance.com/en/launchpool/NIL_BNB
#BinanceLaunchpoolNIL
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
NIL
0.456
-1.72%
NEAR
3.288
+14.00%
APT
5.974
+8.61%