Binance, the largest exchange platform by trading volume has announced the listing of NIL Token (Nillion) as its 65th Launch Pool Project. Nillion is a promising network known for its cutting-edge approach to enhancing security in computation. The platform utilizes Multi-Party Computation (MPC) technique to secure your data. Binance will be the first platform to list the Nillion tokens and trading will start on 24/03/2025. Users can now lock their BNB, FDUSD, and USDC to receive Nillion Airdrop. Here’s how.
Binance Launch Pool Lists Nillion (NIL)
Though many crypto tokens launch in the market on a daily basis, only a few receive the opportunity to list on the Binance Launch Pool. As its 65th Launchpool project, Binance has announced the listing of Nillion tokens, a decentralized network that utilizes blind computing to safeguard data processing and storage without compromising privacy.
The announcement has created excitement among investors and ignited when they got to know that the listing also includes a Nillion airdrop, making the launch pool investors eligible to earn free NIL tokens.
The Binance platform will officially list the NIL token on 24/03/2025 and investors can lock their BNB, USDC, and FDUSD for receiving NIL airdrops. The farming starts on 21/03/2025 and will be available over three days. Once listed users can buy the NIL tokens with trading pairs, NIL/USDT, NIL/BNB, NIL/FDUSD, NIL/USDC, and NIL/TRY.
Nillion Project: Overview
Nillion is a decentralized network developed to secure high-value data with blind computing. Similar to blockchain transactions, that are secured through decentralization, Nillion secures sensitive data. Enabling the inference and training of AI, the platform ensures privacy. Integrating DePIN and Privacy Enhancing Technology (PET), Nillion stores sensitive, confidential data by distributing trust. It uses the highest cryptographic security standard-Theoretic Security to achieve this.
The platform’s native token, NIL will be launched with a total supply of 1,000,000,000 and an initial circulating supply of 195,150,000 soon.
Nillion Airdrop: How to Participate?
Binance Launch Pool users can participate in the airdrop, which rewards 3.5% of the total NIL supply, which is 35,000,000 NIL tokens. In addition, the Nillion platform is giving away 20% of the total supply to its community, of which 7.5% will be delivered to the early adopters and the remaining 12.5% will be reserved for future developments.
How to Receive Nillion Tokens?
To receive the 35,000,000 NIL tokens allocated for Binance Launch Pool participants, one must have a KYC verification completed Binance account. Users must participate in the Nillion farming, within the given time period. The farming period starts from March 21, 2025, and will end by March 23, 2025.
Users have to select a launch pool asset that includes BNB, USDC, and FDUSD to farm NIL tokens. Participants can receive their rewards either daily or grab them all together at the end of the farming period. The NIL airdrop also includes a daily reward of 11,666,666 NIL tokens, which is split among BNB, FDSUD, and USDC pools at 9,333,333 NIL, 1,166,666 NIL, 1,166,666 NIL respectively.
Binance 65th Launch Pool Ongoing
The Nillion airdrop is ongoing on Binance Launchpool. Out of the 35,000,000 NIL tokens for airdrop, 28,000,000 is allocated for the BNB pool, 3,500,000 for the USDC pool, and 3,500,000 for the FDUSD pool. Evaluating the current data, more participants are seen in the BNB pool, followed by the USDC and FDUSD pools. Maximum hourly airdrops for BNB, USDC, and FDUSD pools are 38,888 NIL, 4,861 NIL, and 4,61 NIL respectively.
The NIL pool airdrop for today is as follows: 9,333,333.330 NIL for the BNB pool, 1,166,666.6700 NIL for the USDC pool, and 1,166,666.6700 NIL for the FDUSD pool.
Things to Note
- To participate in the Binance Nillion Launch Pool, users have to upgrade their Binance App to version 2.89.0 and above.
- Snapshots of user balance and total pool balance will be taken every hour to get the data of hourly average balances, helping to calculate the user rewards.
- Tokens can only be locked in one pool at a time.
- Users can unlock their rewards at any time and participate in other launch pools without delay.
- Unclaimed rewards will automatically transferred to the user’s Spot account at the end of the farming period.
- If more than one launch pool runs concurrently, the user’s flexible products and lock products in the BNB assets will be split and equally allocated in each project.
Bottom Line
Binance have introduced many unique crypto tokens through their Launch Pool and Nillion is their 65th project. The Nillion airdrop is not just a gateway to receive free tokens but it’s also an entrance to the secure and private decentralized network. Airdrop eligibility will enable users to participate in the project’s growth and development, and offers significant returns on listing.
However, remember airdrops are strategies for getting exposure to the newly launched project, it doesn’t guarantee everyone who participates in the airdrop will receive rewards. On completing tasks and activities users are enhancing their chance to receive their airdrops and not reserving a seat for it.