Binance to Launch Token for Privacy-Focused Decentralized Network

The exchange’s Launchpool initiative, which allows users to stake tokens in exchange for new project assets, has selected Nillion (NIL) as its 65th project. Nillion is a decentralized computation network designed to protect high-value, private data by decentralizing trust.

According to the project, Nillion is a “Blind Computer” that introduces a new category of decentralized network for AI and the next generation of the Internet. It enables secure storage and computation of encrypted data without exposing it. Users, applications, and enterprises can store their data with confidence, knowing that it remains private at all times.

From March 21st to 24th, Binance users can lock BNB, First Digital USD (FDUSD), and USDC to receive NIL airdrops. Binance plans to list NIL on March 24th, applying a “seed tag” to the token. This label is given to lower-liquidity assets that may experience increased volatility.

Additionally, users holding assets with a seed tag must complete a quiz every 90 days to confirm their understanding of the risks involved in trading such tokens.