I. Project Background and Core Technology

1. Establishment and Positioning
Nillion was established in 2021 as a decentralized data processing and privacy protection network, aiming to resolve the contradiction between data privacy and computational efficiency through 'blind computing' technology. Its core team consists of top experts in the fields of blockchain and cryptography, including:

  • Alex Page (CEO): Former Goldman Sachs banker, Hedera SPV partner;

  • Andrew Masanto (CSO): Co-founder of Hedera, founder and CMO of Reserve;

  • Miguel de Vega (Chief Scientist): Holds over 30 data optimization patents, focusing on multi-party computation (MPC) and fully homomorphic encryption (FHE);

  • Other members come from institutions such as Uber, Nike, UBS, etc., with strong technical backgrounds.

2. Core Technology: Blind Compute

  • Technical architecture: Combines multi-party computation (MPC), fully homomorphic encryption (FHE), and trusted execution environment (TEE) to ensure data remains encrypted throughout the computation process, with nodes only processing fragmentary information without being able to peek at complete data.

  • Non-blockchain architecture: Utilizes a decentralized node network to avoid high Gas fees and performance bottlenecks of blockchains, supporting real-time data processing (complex calculations per second), compatible with EVM and non-EVM chains and Web2 systems.

  • Application scenarios: Covers areas such as AI model training, DeFi privacy transactions, medical data analysis, etc., having established cooperation with over 40 ecosystems including NEAR, Aptos, Arbitrum.

II. Token Economics and Incentive Mechanism

1. Token Distribution and Use

  • Total supply: 1 billion NIL tokens, with an initial circulation of 195.15 million tokens.

  • Token functions:

  • Payments: Used for computation and storage fees (e.g., AI model training);

  • Staking: Node operators stake ETH to receive NIL rewards;

  • Governance: Holders participate in protocol upgrade voting.

  • Distribution mechanism:

  • Airdrop rewards: Based on community contributions, developer activities, and validator participation, divided into gold level (1000-3000 tokens) and diamond level (3000+ tokens), excluding low-participation accounts and witch attacks.

  • Team and ecosystem: Team shares not disclosed (industry practice is 20%-40%), the remainder is allocated to the community, developers, and early supporters.

2. Funding History and Market Recognition

  • Total financing: Over $50 million, with investors including Hack VC, Hashkey Capital, Distributed Global, etc.

  • Valuation: Post-Series A valuation reached $400 million (2022), recent financing accelerates ecosystem expansion.

III. Application Scenarios and Partners

1. Core Scenarios

  • Healthcare: Patient safety sharing gene data to obtain personalized recommendations, such as collaborations with Agerate, MonadicDNA;

  • Finance: Privacy protection for crypto transactions, supporting cross-chain data collaboration;

  • AI and Web3: Collaborate with AI projects like Ritual and Rainfall to promote secure computing.

2. Technical Cooperation

  • Blockchain integration: Combining with the NEAR protocol to achieve modular data privacy and private AI;

  • Developer support: Funding privacy application development through the Nucleus program (e.g., DNA sequencing).

IV. Future Development and Community Building

1. Development Plan

  • Privacy computing meta-layer: Acts as a 'privacy enhancement layer' for existing blockchains, supporting private transactions and cross-chain collaboration;

  • Expansion direction: Deepen cooperation with L1/L2 networks (such as Optimism), explore decentralized AI training and IoT data on-chain.

2. Community Governance

  • Airdrop dispute handling: Quick response to community concerns, launch a transparent distribution check tool, and remove the pre-staking lock-up period;

  • Ecosystem incentives: Build a self-driven ecosystem through developer funding, node rewards, and governance voting.

    Roadmap

V. Project Highlights and Risks

Highlights:

  • Technical innovation: Blind computing technology solves the balance between privacy and efficiency;

  • Capital recognition: Backed by top investment institutions, strong funding history;

  • Application scenarios: Collaborated with leading projects in various fields, with clear commercialization potential.

Risks:

  • Technical implementation: Must verify the stability of large-scale data processing;

Airdrop mechanism directly linked to BNB holders

Nillion is launched on the Binance Launchpool platform, allowing users to participate in mining by staking BNB to directly receive NIL token airdrop rewards. The specific rules are as follows:

  1. Participation Method

  • Staked assets: Users must lock BNB, FDUSD, or USDC to participate in a three-day mining period (starting from March 21, 2025, 00:00 UTC).

  • Reward distribution: 7.5% of the total supply of NIL (75 million tokens) is allocated for airdrops, divided into gold level (1000-3000 tokens) and diamond level (3000+ tokens) based on contribution; the higher the contribution, the more generous the rewards.

  1. BNB Holder Profit Path

  • Direct staking rewards: BNB holders participate in mining by staking BNB, receiving NIL token rewards proportionally.

  • Trading pair appreciation: After NIL tokens are listed (NIL/BNB trading pair has been opened), BNB holders can gain price difference profits by trading NIL.

  • Ecosystem participation incentives: Long-term holding of BNB and participation in the Nillion ecosystem (such as validator programs, community contributions) can enhance airdrop reward weight.

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