Cryptocurrency exchange Binance has announced the launch of its 65th participant in the Binance Launchpool: Nillion (NIL), a groundbreaking project aiming to revolutionize privacy in computing and data storage on the blockchain. This launch opens new opportunities for platform users, who can now start farming Nillion (NIL) tokens using BNB, FDUSD, and USDC in dedicated pools. Below, we detail the key aspects of this initiative and how to participate.
Details of the Nillion (NIL) Launchpool
Binance has confirmed that the farming of Nillion (NIL) tokens on Launchpool began on March 21 at 1:00 AM (UTC) and will continue until March 24 at 11:00 PM. Users can participate by depositing their assets into three separate pools, each with its own allocation of NIL tokens:
- BNB Pool: 28 million NIL available for farming.
- FDUSD Pool: 3.5 million NIL available.
- USDC Pool: 3.5 million NIL available.
The goal of the program is to allow users to earn NIL tokens before their official listing on Binance, scheduled for March 24 at 00:00 PM (UTC). This approach is typical of Binance Launchpool, where participants can accumulate tokens from new projects by staking popular assets like BNB, FDUSD, and USDC, thereby boosting interest and initial liquidity for the project.
Nillion (NIL) is a project introducing the first "Blind Computer"—a private computation and storage network based on Privacy-Enhancing Technologies (PETs). This enables computations and data storage while maintaining privacy, opening the door to use cases such as private personalized AI, encrypted databases, and data marketplaces. The NIL token will serve as the network’s native utility token, used for transactions, governance, and accessing services.
How to Participate in the Nillion Launchpool
To join the farming of NIL on Binance Launchpool, follow these steps:
Register on Binance:
- If you don’t yet have a Binance account, sign up using our referral link to get a 20% discount on fees.
- Log in to your account and complete KYC (Know Your Customer) verification if you haven’t already, by providing documents (passport or driver’s license) and undergoing facial scanning. This is required for full access to features, including Launchpool.
Deposit Assets:
- Go to the Binance Launchpool section on the website: https://launchpad.binance.com/.
- Select one or more available pools (BNB, FDUSD, or USDC) and deposit the corresponding assets. Ensure you have sufficient funds in your spot account to participate.
- Read the warnings and specific conditions for each pool, as yields depend on the amount and duration of staking.
Farming and Receiving Tokens:
- During the farming period (March 21–24), your assets will generate NIL tokens proportionally to the amount deposited and pool activity.
- Once farming ends, NIL tokens will be automatically credited to your Binance spot wallet at least one hour before trading begins.
NIL Listing:
- On March 24 at 00:00 PM (UTC), Nillion (NIL) will be listed on Binance, enabling trading in pairs such as NIL/USDT, NIL/BNB, NIL/FDUSD, NIL/USDC, and others. This marks the token’s official market debut, which could drive increased attention and trading volume.
Why Nillion (NIL) Generates Interest
Nillion stands out for its focus on privacy and data security, leveraging cutting-edge technologies to create a decentralized network that protects user confidentiality. With a total supply of 1 billion NIL tokens and an initial circulation of 195.15 million (19.52% of the total), the project has the potential to attract investors interested in privacy solutions and decentralized applications. The pre-listing price of the token is estimated at around $0.79, but it could fluctuate based on demand generated by the Launchpool and market interest.
The Significance of Launchpool for the Crypto Community
Binance Launchpool is one of the most popular tools for users to access new crypto projects affordably and with minimal risk. By enabling farming with assets like BNB, FDUSD, and USDC, Binance fosters participation from a broad user base while ensuring initial liquidity for projects like Nillion. This model has proven successful in previous launches, such as Berachain, Layer, and Kaito, and Nillion is expected to follow a similar trajectory.
Conclusion
The launch of Nillion (NIL) on Binance Launchpool presents an exciting opportunity for exchange users to farm tokens before their official listing on March 24, 2025. If you’re interested in participating, act quickly: farming ends in just a few days, and interest in NIL could skyrocket after its market debut. Sign up for Binance using the provided referral link and join this new crypto venture. Stay updated with official announcements on Binance’s website and social media channels to stay informed.
