The Nillion project is focused on permissionless networks, providing secure data storage and computing services specifically for blockchain and artificial intelligence. Processing high-value data (such as data from AI agents, transaction data, etc.) is extremely challenging for blockchain, and in some cases, it is almost impossible to achieve.

Nillion achieves the storage and computation of encrypted data—this process is called 'blind computation.'

Well, actually I know you guys are no longer interested in what the project is doing, so I won't ramble on. What's more important is the return rate of the airdrops and mining in hand (everyone is becoming more realistic).

With mining about to end soon, and $Nil set to launch in a day, I'm here to summarize & comment.

$Nil's total token supply: 1,000,000,000 NIL

Launchpool total amount: 35,000,000 NIL (3.5% of the maximum token supply, which is actually not much)

The initial circulation volume is 19.52%, of which the community share has reached 9.12%, which is quite high recently and is also the result of the strong response from the community last time.

Currently, the entire pool has three types of funds for mining, with the BNB Pool holding 18.6 million BNB, USDC funds reaching 2.75 billion, and Fdusd amounting to 1.35 billion.

To predict the return rate, we first need to estimate the market cap after listing. One approach is to compare it horizontally with AI projects that have already been listed recently; the first ones that come to mind are $Vana and $IO.

If we refer to $Vana's current market cap of 258 million, then the price of each $Nil would be $1.32, and if we refer to $IO's market cap of 123 million, the price would only be $0.66.

From the situation in the over-the-counter pre-market, $Nil was indeed around 0.7 for a long time on Aevo before Binance announced the pool. After the announcement, it surged to around $1 and is currently around $0.9. Based on this price, the opening circulating market cap would be 175 million, with a total market cap of around 900 million.

Considering the current market sentiment, I tend to think the market cap will be between 150-200 million, and the price will be between 0.8 - 1.2. If the timing of the airdrop and listing is well coordinated, and if we don't make it too easy for the profit hunters to claim, there's a chance the opening price could be above $1.

The annualized yield for mining BNB/FDUSD/USDC is approximately 50% / 100% / 45%, respectively.

However, considering that the borrowing rate for $BNB to participate in new projects is only 5%, it seems that borrowing tokens for new projects still has profit potential. I just don't know if the project party is strong enough this time; I hope it won't easily become a target for shorting. Back in the day, although $Vana faced a lot of FUD, at least its opening price was stunning.