Binance 65th issue Launchpool project Nillion (NIL)

Reprinted from jinse

03/20/2025·2M

Source: Golden Finance, Binance, Nillion official website, Messari research report compilation: Golden Finance

On March 20, 2025, Binance issued an announcement stating that Binance Launchpool launched the 65th phase project - Nillion (NIL), a decentralized network that uses blind computing to achieve secure data processing and storage, while protecting privacy.

Users can invest BNB, FDUSD and USDC into the NIL reward pool on the Launchpool website after 08:00 on March 21, 2025 (East Eighth District time), and the event duration is 3 days .

New currency listing

Binance will list Nillion (NIL) at 21:00 on March 24, 2025 (East Eighth District Time), and opens NIL/USDT, NIL/BNB, NIL/FDUSD, NIL/USDC and NIL/TRY trading markets, with seed label trading rules applicable.

1. Launchpool details

Token name: Nillion (NIL)
Total token supply: 1,000,000,000 NIL
Maximum supply of tokens: Unlimited (1% annual inflation rate based on release type and autonomy governance)
Total Launchpool: 35,000,000 NIL (3.5% of the maximum supply of tokens)
- An additional 25,000,000 NIL will be allocated to marketing activities after 6 months of listing.
Initial circulation: 195,150,000 NIL (19.52% of total token supply)
Restriction Terms: KYC is required
Individual hourly reward hard cap:
- BNB Mining Pool: 38,888 NIL
- FDUSD Mining Pool: 4,861 NIL
- USDC mining pool: 4,861 NIL

Reward Pool:

BNB Pool: Total reward of 28,000,000 NIL (80%)
FDUSD Pool: Total Rewards of 3,500,000 NIL (10%)
USDC Pool: Total Rewards of 3,500,000 NIL (10%)
Event time: 08:00 on March 21, 2025 (East Eighth District time) to 07:59 on March 24, 2025 (East Eighth District time)

Reward quota phase allocation:

2. Introduction to Nillion (NIL)

Founded in 2021, Nillion is a decentralized data storage and computing network, and a suite of supporting tools that help builders build novel and powerful applications to leverage high-value data in a safer way. Its modular and flexible architecture makes it possible to achieve this with cutting-edge encryption technologies, both enabling a safer version of existing workflows and unlocking new opportunities. Early builders of the Nillion community are creating tools for private predictive AI, secure storage and computing solutions for healthcare, storage solutions for secure data such as credentials, and security workflows for transactional data.

Team Information

The project team includes former Hedera SPV partner and Goldman Sachs banker Alex Page (CEO); Hedera co-founder and founding chief marketing officer of Reserve Andrew Masanto (Chief Strategy Officer); Indiegogo founder Slava Rubin (Chief Brand Officer); Dr. Miguel de Vega (Chief Scientist); Uber founding engineer Conrad Whelan (Chief Technology Officer); former Nike innovation director Mark McDermott (Chief Operating Officer); Hedera early senior associate partner, former UBS and Rothschild banker Andrew Yeoh (Chief Marketing Officer), and so on.

Since its inception, the team has collected $50 million in private equity financing from investors including Hack VC, Hashkey Capital, Distributed Global and Maelstrom.

3. Nillion Token Economics

NIL tokens are the core of Nillion's blind computing network, both a practical token of the network and a governance mechanism. With a total supply of 1 billion, NIL aims to coordinate incentives from all network participants while achieving sustainable growth in the ecosystem.

(1) Supplier: Allocation and unlocking

Token Allocation Most of the token supply (45%) will be used in the community and R&D to continuously improve technology, showing concern for sustainable growth rather than short-term gains. The agreement also retains 7.5% of the total supply (75 million NIL) for Creation Airdrops to early supporters and builders , with the goal of those who make meaningful contributions to the development of the network.

Unlock timetable

Token releases will follow a planned unlocking schedule:

The initial circulating supply is approximately 13.9% (139.6 million tokens)
The main unlocking event began 6 months after the creation of the world, with supply reaching approximately 30%.
It gradually increased to about 48% in the 12th month after TGE
Long-term linear attribution of team and ecosystem allocation