Nillion

A Blind New World

About

Nillion is the first Blind Computer & a private computation and storage network. The network uses PETs (Privacy-Enhancing Technologies) to enable computation and storage on data while maintaining privacy, making possible use cases like private personalized AI, encrypted databases, data marketplace, and privacy-preserving applications.

$NIL is the native utility token of the network that is used for:

  • Network fees for blind computation and payments across the Coordination Layer and Petnet
  • Staking to secure the network
  • Governance participation the onchain governance module

$NIL enables access to Nillion modules and services such as:

  • DB: an encrypted database with data split up across multiple nodes. Calculations can still be performed on data while in encrypted form
  • AI: AI-focused privacy technologies that include:
    • AI Virtual Machine (AIVM) – a secure AI inference platform co-developed with Meta for private inference
    • Nada-AI – a library for nilVM, offering an interface for running small AI models
    • nilTEE & uses Trusted Execution Environments (TEEs) to run faster private inference where speed is important
  • VM: VM with libraries that simplify program development for AI devs by letting them use Python and Javascript to write web3 programs

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Sale Terms

  • Token Price: $0.4
  • Minimum Purchase: $100
  • Purchase Methods: USDC, USDT
  • Allocated Supply: 50,000,000 NIL
  • Unlock Schedule: capped: 5% unlock at TGE, followed by a 6-month release, uncapped: 25% unlock after a 12 month cliff from TGE and a 75% unlock over 24 months
  • Fully Diluted Value: $400,000,000
  • Total Token Supply: 1,000,000,000 NIL

Milestones

  • June 28, 2024 - February 18, 2025 Token Sale
  • February 19-24, 2025 Allocated
  • March 24, 2025 Listing

FAQ

  • Can I participate in the sale without going through KYC?
    No, participation in the sale requires completion of KYC/AML (Know Your Customer/Anti-Money Laundering) checks for all participants.

  • How do I fund my purchase?
    We will display payment information when you complete your registration for the Token Sale. Eligible purchasers can pay with Tether (“USDT”) or USD Coin (“USDC”). Payments made in USDT or USDC will equate to the value of one United States Dollar ("USD") regardless of fluctuations in USDT or USDC. You must also have sufficient ETH in your wallet to cover the Ethereum network gas fees when submitting your transaction. If your wallet does not have enough ETH for gas, your transaction will fail even if you have enough USDT or USDC to fund the purchase. Please allow a few minutes for transactions to be reflected in the purchase UI after submitting payment.

  • How does the First Come First Served sale structure work?
    In order to be eligible to participate in a First Come First Served sale, users must fund their CoinList Wallet with the minimum purchase amount in USDC or USDT, as well as pass KYC verification. Once the sale begins, users will be prompted to submit a purchase request, with a minimum limit set. You can not submit a purchase request that is larger than the amount of USDC or USDT that you hold in your funding wallet. Allocations will be selected on a first-come, first-served basis. Any user who submits a purchase after the supply is exhausted will receive their funds back in their CoinList Wallet within 5 business days of the sale’s conclusion.

  • How does the "Filling from the Bottom" sale structure work?
    Filling up from the bottom maximizes the number of individual participants in a sale while still allowing for participants with more capital to express their demand. Using a water-filling mechanism, allocations are distributed evenly from the bottom up, so each participant receives an equal amount first, before larger allocations are gradually filled. For more information on how it works, see here.

  • When can I expect to receive my funds back if I do not get an allocation?
    Users who are not selected to receive an allocation will receive the funds back to their funding wallet within 5 business days of the sale's conclusion.

  • Why can’t certain residents and citizens participate?
    CoinList is committed to following all applicable regulatory guidelines. As a result, CoinList will not be able to offer tokens for purchase to unsupported jurisdictions found on our Legal page. You can find jurisdictional eligibility details for each token sale on its deal page.