Binance is adding support for a new cryptocurrency focused on secure data storage. This new coin, called Nillion (NIL), will be available through Binance Launchpool.
Launchpool Explained
Binance Launchpool lets users stake their existing crypto to earn new tokens. This time, users can stake BNB (Binance’s coin), FDUSD, and USDC to get NIL.
What is Nillion?
Nillion describes itself as “Humanity’s First Blind Computer.” It’s a decentralized network designed to handle sensitive data for AI and other applications. The key feature is that the network processes encrypted data without ever actually seeing it, ensuring privacy.
Binance Listing and Seed Tag
Binance plans to list NIL on March 24th. Because it’s a newer, potentially more volatile project, NIL will have a “seed tag.” This means Binance will require users to take a quiz every three months to confirm they understand the risks involved in trading it.
Staking Period
Users can start staking their BNB, FDUSD, and USDC to earn NIL from March 21st to March 24th.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
