Nillion recently launched its NIL token on Binance, distributing 35 million tokens via Launchpool. The token supports staking, governance, and decentralized compute services.
Details of the NIL Token Launch
From March 21 to 23, 2025, Nillion distributed 35 million NIL tokens through Binance Launchpool. Users could stake BNB, FDUSD, or USDC to earn NIL tokens, and trading began on Binance with five trading pairs, including NIL/USDT and NIL/BNB.
Token Support and Role in Nillion
The NIL token serves as a utility asset within Nillion's infrastructure, supporting staking, voting, and access to decentralized compute services. Additionally, it plays a central role in Blind Compute operations and maintaining network security.
Funding and Future Plans for Nillion
Before the Launchpool, Nillion conducted a public token sale on CoinList, raising $20 million. Nillion secured a total funding of $52.7 million across several rounds, including a Series A led by Hack VC. The company's plans involve scaling the ecosystem and deploying privacy-focused applications in sectors like AI and decentralized finance.
The launch of the NIL token on Binance marked a significant milestone in Nillion's development, providing new opportunities for users and investors while enhancing its potential for future growth and real-world integration.
