Binance Launchpool, which lets users stake coins to farm new assets, says its 65th project will be Nillion (NIL), a secure computation network that
Binance, a leading cryptocurrency exchange, is set to launch trading support for Nillion (NIL), the new native asset of a decentralized network focused on secure data storage.
As part of its Launchpool initiative, Binance will be offering users the opportunity to stake coins and farm NIL, with the 65th project on Launchpool being Nillion.
Nillion is a secure computation network that decentralizes trust for high-value and private data. The project, which is being billed as "Humanity's First Blind Computer," aims to provide storage and computation on essential data without compromising privacy.
"Nillion is a whole new category of decentralized network designed for AI and the future of the Internet," the project website explains. "Nillion makes new applications possible by providing storage and computation on high-value, encrypted data without ever seeing it. Whether a user, an app, or an enterprise, your data stays yours - always."
During the campaign, which runs from March 21st at 03:00 UTC to March 24th at 01:00 UTC, users can lock BNB, FDUSD, and USDC to receive NIL airdrops.
Following the Launchpool campaign, Binance will list NIL in a dedicated trading pair with BTC and USDT. The listing is set for March 24th at 04:00 UTC.
NIL will also carry a seed tag, which Binance applies to lower-liquidity projects that may exhibit higher volatility.
Users who own assets with seed tags will be required to pass quizzes every 90 days to ensure they're aware of the risks associated with such tokens.
The integration of NIL aligns with Binance's broader strategy to expand its offerings and provide users with access to a diverse range of cryptocurrencies.
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