Nillion: The World's First Blind Computer

Nillion is a decentralized data computation network, known as the world's first blind computer. By integrating eight cutting-edge privacy-preserving technologies—including MPC (Multi-Party Computation) and FHE (Fully Homomorphic Encryption)—Nillion enables participants to collaboratively compute on encrypted data without ever seeing the raw data.

Nillion is a decentralized data computation network, also known as the world’s first blind computer, merging eight types of privacy-preserving technologies—including MPC and FHE—for efficient and confidential data processing.

According to Rootdata, Nillion has raised a total of $65 million across multiple strategic and token-based fundraising rounds. The startup completed its Series A funding in December 2022 at a $400 million valuation, according to a company statement, and later closed a community round and a private round, both with undisclosed valuations.

The network is designed to enable participants to collaboratively compute on encrypted data without ever seeing the raw data, thereby protecting privacy while significantly improving computational efficiency across the network.

Announced in August 2023, Nillion's integration with Binance Launchpool will see 35 million NIL tokens being allocated to Launchpool users over three farming periods. The tokens will be released over a period of 30 days.

The project's native token, NIL, is used for securing the network through staking, accessing and utilizing the network's computational resources, and incentivizing developers to build decentralized applications (dApps) on the platform.

With a starting total supply of 1 billion tokens and an annual inflation rate of 1%, NIL's design is focused on long-term value holding and community participation in driving the network's development and adoption.

As the network grows and more use cases are implemented, the demand for NIL is expected to increase, potentially leading to an appreciation in token value over time.

Moreover, the project's integration with Binance Launchpool is expected to generate significant interest in NIL, potentially contributing to increased demand and price stability.

However, it's crucial to note that the success of any token depends on various factors, including the project's execution, developer activity, and broader market conditions.

Despite the project's potential, investors should conduct their own research and due diligence before making any investment decisions.

The Nillion Network is focused on building privacy-first, highly scalable decentralized computation infrastructure for Web3 developers and enterprises. The network combines eight types of privacy-preserving technologies, including MPC and FHE, to create a trustless and efficient environment for parallel processing and secure computation.

The network's mission is to provide the building blocks for a decentralized future where privacy, performance, and programmability come together seamlessly.

The table below provides a summary of Nillion's funding and NIL token distribution.

| Category | Details |

|---|---|

| Funding Summary | According to Rootdata, Nillion has secured $65M in funding across several rounds. The startup completed its Series A funding in December 2022 at a $400M valuation, according to a company statement. It has also closed a community round and a private round, both with undisclosed valuations. |

| NIL Token Distribution & Circulation | The initial total supply of NIL is 1 billion, while the initial circulating supply is 195 million (19.5% of the total supply). Binance Launchpool will be allocating 35 million NIL (3.5% of the total supply). Note that the current total supply starts at 1 billion NIL, but due to a 1% annual inflation rate, the supply will gradually increase over time—with no hard cap. This inflationary design is a key consideration for long-term token holders. For full token allocation and vesting schedules, please refer to the official chart or tokenomics documentation. |