Nillion Unveils $NIL Tokenomics as Binance Listing Approaches on March 24

Quick Take：

• The decentralized privacy computing network Nillion has unveiled the tokenomics of its native token, $NIL.

• The total supply of $NIL at genesis will be 1 billion tokens, with an initial circulating supply of 19.52%. 20% $NIL will be distributed to community.

• Binance has announced that $NIL will be featured on Binance Launchpool, with farming starting on 2025-03-21 and trading beginning on 2025-03-24.

Nillion has unveiled its native token, $NIL, marking a significant millstone in its mission to revolutionize data privacy and computation in the age of Artificial Intelligence (AI). As AI continues to reshape the internet, concerns over data privacy have reached critical levels. Nillion’s innovative approach, Blind Compute, aims to ensure secure computation and user-controlled data, with $NIL serving as the backbone of this privacy-centric revolution.

The Problem: A $9.5 Trillion Annual Loss

According to data provided by Nillion, the internet’s structural flaws result in an annual loss of $9.5 trillion due to data leaks and hacks. To put this into perspective, since 2020, more money has been lost to such breaches than the total U.S. national debt. With the rapid expansion of AI, these vulnerabilities are only expected to worsen.

$NIL: The Core of Nillion’s Ecosystem

Nillion is an pioneering decentralized public network that powered by a groundbreaking cryptographic technology known as Nil Message Compute (NMC). Unlike traditional blockchain systems, this approach enables nodes within the network to collaborate in a non-blockchain manner, paving the way for enhanced functionality in the Web3 ecosystem. Potential applications include decentralized credit evaluation, secure and private execution environments, confidential NFTs, and decentralized solutions for secure data storage.

The $NIL token is designed to play a pivotal role in Nillion’s network, supporting its security, governance, and long-term objectives. Its core functionalities include:

1. Coordination Services: $NIL will facilitate transactions, grant access to network resources, and settle usage costs across the network through the Coordination Layer.

2. Blind Computation: Developers can leverage $NIL for privacy-preserving storage and computation within their applications.

3. Staking: Users can stake $NIL to enhance network security, validate computations, and earn rewards.

4. Governance: Token holders can participate in decentralized governance, proposing and voting on protocol upgrades, network parameters, resource allocation, and community grant initiatives.

Tokenomics: $NIL Allocation and Distribution

The total supply of $NIL at genesis will be 1 billion tokens, with 19.52% initially in circulation. The allocation is as follows:

• 29%: Ecosystem and Research & Development (R&D). Supporting ecosystem growth, developer grants, validator incentives, and network expansion.

• 20%: Community. Distributed through incentive programs, airdrops, and grants to reward active participants.

• 10%: Protocol Development. Reserved for ongoing research, protocol development, and operational funding.

• 21%: Early Backers. Allocated to token buyers from Pre-Seed, Seed, and 2024 fundraising rounds.

• 20%: Core Contributors. Reserved for early team members and advisors who contributed to the network's development.

At launch, $NIL will be unlocked and distributed via community airdrops and participation in community rounds.

Next Steps in Nillion’s Development

The launch of $NIL signifies the beginning of a new era for privacy-centric technologies. It will power applications such as personalized AI, data marketplaces, decentralized science (DeSci) initiatives built on sensitive data, and more. The token launch coincides with:

• Mainnet Genesis

• Blind Modules Alpha Mainnet

• Community Airdrop

The launch of the Nillion mainnet is only the beginning. Upcoming milestones include connecting to partner chains, expanding Blind Compute capabilities across the crypto ecosystem, enhancing orchestration between Blind Modules, and advancing the network’s decentralization roadmap.

Additionally, the Nucleus Builder’s Program will drive ecosystem growth by encouraging users to explore and engage with decentralized applications (dApps). The upcoming Ecosystem Exploration Offensive will further amplify these efforts.

Nillion (NIL) Launch on Binance Launchpool

In an exciting development, Binance has announced that Nillion ($NIL) will be featured as the 65th project on Binance Launchpool. This marks a significant step in the adoption of $NIL within the broader crypto ecosystem.

Key Details:

• Farming Period: Users can lock their BNB, FDUSD, and USDC to farm $NIL starting from 2025-03-21 00:00 (UTC).

• Airdrops: $NIL tokens will be distributed over three days during the farming period.

• Listing Date: Binance will list $NIL on 2025-03-24 13:00 (UTC) with trading pairs including NIL/USDT, NIL/BNB, NIL/FDUSD, NIL/USDC, and NIL/TRY.

Binance will be the first platform to list $NIL. It is important to note that any claims to offer the token(s) for sale before this timeline are likely to be false advertising. As always, users are advised to conduct their own research to ensure the safety of their funds.

This collaboration with Binance not only highlights the growing recognition of Nillion’s innovative technology but also provides an opportunity for users to engage with the platform and its native token.