Binance announced last week the Launchpool for the Nillion Network project and its currency NIL. During the Launchpool event, NIL coins will be distributed for free to platform users. So, don’t miss the chance to get the currency if you are a Binance user.
In this article, I will present the details of the Launchpool in detail and how to participate.

What is the Nillion Network project?

The Nillion project is a blockchain network aimed at providing infrastructure for data storage and artificial intelligence for projects. The project is distinguished by its founder Andrew Masanto, who is a former executive at the Hedera project and Reserve protocol.
The total number of the project’s currency is one billion units with an annual inflation of 1%.

Launchpool currency NIL

The Launchpool event for the Nillion currency is currently active, and you can participate until March 24.
To participate in this Launchpool, you must store any of these currencies:

  • BNB

  • USDC

  • FDUSD

Of course, the allocation of currencies for each category of participants is different, as 80% of the currencies allocated for the Launchpool will go to participants with BNB, 10% will go to participants with USDC, and 10% will go to participants with FDUSD.

The total currencies allocated for the Launchpool is 35 million tokens.

How to participate in Launchpool?

The steps are very simple and can be summarized in three points:

  1. Store any of the supported currencies through the Launchpool page.

  2. Do not withdraw the currencies until the end of the event.

  3. $NIL rewards will be automatically distributed to your account every hour, and you can withdraw them at any time or leave them until the end to be converted automatically.

Of course, after the listing, the currency will be listed directly on the Binance platform at 4 PM Mecca time on March 24. It is worth noting that the listing will be on the following trading pairs:

  • NIL/USDT

  • NIL/BNB

  • NIL/FDUSD

  • NIL/USDC

  • NIL/TRY

What are the Launchpool profits on Binance?

The profits of Launchpool on Binance are difficult to estimate as they depend on several factors, including the number of participants, the amount of stored currencies, and whether people participated from the beginning of the event or in the middle.
Therefore, you will know the exact amount through your participation experience, but we can provide a general estimate of the profits to give you an idea about the topic.

For example, in the case of the Launchpool for the NIL currency, you are expected to receive this amount of NIL coins if you participate with the following amounts since the beginning of the event:

  • If you participate with 10 BNB, you will receive ~7 $NIL

  • If you participate with 10,000 USDC, you will receive ~6.5 $NIL

  • If you participate with 10,000 FDUSD, you will receive ~13 $NIL