IMPORTANT: Binance will be the first platform to list the token(s) mentioned herein, with trading starting at 2025-03-24 13:00 (UTC). Any claims to offer the token(s) for sale before the stated timeline are likely to be false advertising. Please do your own research to ensure safety of your funds!
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance is excited to announce the 65th project on Binance Launchpool - Nillion (NIL), a decentralized network leveraging blind computing to enable secure data processing and storage while preserving privacy. The webpage is estimated to be available in 12 hours, before the Launchpool starts.
Users will be able to lock their BNB, FDUSD, and USDC to receive NIL airdrops over three days, with farming starting from 2025-03-21 00:00 (UTC).
Listing
Binance will then list NIL at 2025-03-24 13:00 (UTC) and open trading with NIL/USDT, NIL/BNB, NIL/FDUSD, NIL/USDC, and NIL/TRY trading pairs. The seed tag will be applied to NIL.
Token Name: Nillion (NIL)
Total Token Supply: 1,000,000,000 NIL
Max Token Supply: Non-capped (Inflation set at 1% yearly, based on emission type and subject to governance)
Launchpool Token Rewards: 35,000,000 NIL (3.5% of total token supply)
An additional 25,000,000 NIL will be allocated to the other marketing campaigns 6 months after spot listing.
Initial Circulating Supply When Listed on Binance: 195,150,000 NIL (19.52% of total token supply)
Smart Contract / Network Details: Nillion Main Explorer (will be available at public launch)
Launchpool Terms will apply. Users are required to complete account verification (KYC) to Binance’s satisfaction.
Hourly Hard Cap per User:
38,888 NIL in BNB pool
4,861 NIL in FDUSD pool
4,861 NIL in USDC pool
Read about Nillion (NIL) in our research report here, which will be available within 24 hours of publishing this announcement.
Supported Pools:
Lock BNB (webpage will be available in around 12 hours): 28,000,000 NIL in rewards (80%)
Lock FDUSD (webpage will be available in around 12 hours): 3,500,000 NIL in rewards (10%)
Lock USDC (webpage will be available in around 12 hours): 3,500,000 NIL in rewards (10%)
Farming Period: 2025-03-21 00:00 (UTC) to 2025-03-23 23:59 (UTC)
NIL Farming Accumulation:
Users need to upgrade their Binance App to version 2.89.0 and above.
Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly average balances and calculate user rewards. User rewards will be updated each hour.
Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their Spot Accounts at any time.
Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.
Tokens can only be locked in one pool at a time. For example, User A cannot lock the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.
Users will be able to unlock their funds at any time with no delay and participate in any other available Launchpools immediately.
Tokens locked in each Launchpool and any unclaimed rewards will be automatically transferred to each user’s Spot Accounts at the end of each farming period.
Users who have locked their BNB in Flexible Products and Locked Products, including Binance BNB Simple Earn and On-chain Yields Products, will automatically participate in the Launchpool and receive new token rewards.
If there is more than one Launchpool project running concurrently, users' BNB assets in BNB Flexible Products and Locked Products will be split and allocated into each project equally, unless otherwise specified.
BNB Flexible Products assets used as collateral for Binance Loans (Flexible Rate) are not entitled to Launchpool rewards.
Staked Lista BNB (slisBNB) and Lista collateral BNB (clisBNB) in Binance Keyless Wallet will be supported in Launchpool reward calculation.
Spot Algo Orders will also be enabled for the aforementioned pairs at 2025-03-24 13:00 (UTC), while Trading Bots & Spot Copy Trading will be enabled within 24 hours of it being listed on Spot. For users with running Spot Copy Trading portfolios, pairs can be included by enabling them in the [Personal Pair Preference] section of the Spot Copy Trading settings.
BNB locked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops and VIP benefits.
Binance reserves the right to disqualify and revoke rewards for participants who engage in dishonest or abusive activities during the Launchpool, including but not limited to registering from the same IP or device, bulk-account registrations to farm additional bonuses and any other activity in connection with unlawful, fraudulent, or harmful purposes.
Participation in Launchpool is subject to eligibility based on the user's country or region of residence. Please refer to the instructions on the Launchpool page.
Please note that the list of excluded countries provided below is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations.
Currently, users from the following countries or regions will not be able to participate in farming NIL: Australia, Canada, Cuba, Crimea Region, Iran, Japan, New Zealand, Netherlands, North Korea, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine
This list may be updated periodically at Binance’s discretion.
NIL will not be available for deposits and withdrawals for users from the following countries: Belgium, France, Italy, Poland, Spain and Sweden. Users from these countries will only be able to buy and sell the token.
There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2025-03-20
Note: This announcement was amended on 2025-03-21 to clarify that NIL will not be available for deposits and withdrawals for users from Belgium, France, Italy, Poland, Spain and Sweden. Users from these countries will only be able to buy and sell the token.
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
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