Binance Plans to Launch Trading Support for Nillion (NIL)

Binance is set to introduce trading support for Nillion (NIL), a new asset linked to a decentralized network focused on secure data storage.

Binance Launchpool, which facilitates users in staking coins to farm new assets, announces that its 65th project will be Nillion, a secure computation network designed to decentralize trust for high-value and private data.

Project Overview

Nillion is Humanity’s First Blind Computer – it introduces a new category of decentralized network tailored for AI and the future of the Internet. Nillion enables new applications by allowing storage and computation on high-value, encrypted data without exposing it. Regardless of being a user, app, or enterprise, your data remains yours exclusively.

Between March 21st and 24th, Binance users can stake their BNB, as well as stablecoins First Digital USD (FDUSD) and USDC, to earn NIL airdrops.

The global crypto exchange plans to list NIL on March 24th. Binance will categorize NIL with a seed tag, indicating that it may have lower liquidity and potentially higher volatility than other listed tokens.

To trade assets with seed tags, Binance requires users to complete quizzes every 90 days, ensuring they understand the associated risks prior to trading these tokens.