Binance Announces Nillion (NIL) as the Next Project to Be Featured on Its Launchpool Platform

Users will be able to earn Nillion (NIL) tokens on Binance by staking their BNB, USDC or FDUSD

Binance, the world’s leading cryptocurrency exchange, has announced Nillion as the next project to be featured on their Binance Launchpool staking platform.

Users will be able to earn Nillion (NIL) tokens on Binance by staking their BNB, USDC or

FDUSD between March 21 at 0:00 AM UTC and March 23 at 23:59 UTC. Users will be able to withdraw the staked coins at any time, while still keeping their NIL token rewards.

Earn NIL on Binance

3.5% of the total NIL token supply will be distributed to users on the Launchpool – that amounts to 35 million NIL tokens out of the 1 billion total token supply.

BNB stakers will receive 80% of these rewards, while those staking USDC and FDUSD will receive 10% each. It should be noted that the amount of NIL you earn depends on how big your stake is, relative to the size of the entire staking pool.

There is also an hourly cap in place, dictating how much NIL users can earn in an hour – for BNB stakers it’s 38,888 NIL per user, while the cap for USDC and FDUSD stakers is 4,861 NIL.

After the end of the Nillion Launchpool campaign, NIL will be listed on Binance on March 24 at 13:00 UTC in trading pairs against USDT, BND, FDUSD, USDC and TRY.

Introducing @nillionnetwork $NIL on #Binance Launchpool! BNB Holders, this one's for you - farm NIL by locking your #BNB, $FDUSD and $USDC.

This post is relevant to users in the U.S. and Canada.

Users can start staking their tokens to earn NIL at 0:00 AM UTC on March 21.

What is Nillion (NIL)?

Nillion is a secure computation network designed to handle high value and sensitive data. Nillion implements blind computation, a set of techniques that allows work to be performed on data while the data remains encrypted. This means that even the operator of the computing infrastructure does not have the ability to decrypt it.

To achieve blind computation, Nillion leverages multiple privacy enhancing technologies, including secure multi party computation and homomorphic encryption.

Nillion can support a variety of cases that involve sensitive data. Currently, the platform is being used to create solutions for predictive AI, secure storage and computing solutions for the health care sector, and trading infrastructure that prevents frontrunning by protecting sensitive trading data.

Recently, the Nillion project announced details about the platform’s native token called NIL. The token has four main use cases.

NIL will be used for paying transaction fees and accessing network resources. Token holders will be able to stake NIL to bolster the security of the network and earn rewards. Finally, NIL will grant access to governance, giving token holders a say in key decisions related to the Nillion platform.

NIL will launch with a total supply of 1 billion tokens, of which 19.52% will be circulating. The NIL token supply will increase by roughly 1% per year, although token holders will be able to adjust the token’s inflation rate through governance.

Through the Launchpool campaign, Binance will distribute 35 million NIL tokens, which is 3.5% of the token’s total supply. Binance will also distribute an additional 25 million NIL tokens through various campaigns within a 6 month period following the NIL token’s listing on the exchange.

How to earn NIL tokens on Binance Launchpool

If you want to earn Nillion farming rewards, you’ll need a Binance account.

Create Binance Account

Please keep in mind that only users who complete an identity verification process with Binance are eligible to participate in NIL token farming on Binance Launchpool.

Once your account is ready, you’ll need some BNB, FDUSD or USDC tokens to stake. If you already own these tokens, you can deposit some to your Binance account. Otherwise, Binance offers plenty of ways to buy them with crypto or fiat.

After your account is verified and loaded with BNB, FDUSD or USDC, go to the menu on the top side of the Binance interface and select “More.” Then, go to “Launchpool.”

Then, find the available farming pools. Depending on which tokens you want to stake, select the BNB, FDUSD or USDC. Then, follow the instructions provided by the exchange.

As a final note, here’s a quick breakdown of key dates and information about the Nillion Launchpool campaign: