Binance Launchpool To Roll Out Support for New Native Token of Private Data ‘Blind Computer’ Project
Binance, one of the leading cryptocurrency exchanges, is gearing up to introduce trading support for the latest native asset of a decentralized network that focuses on secure data storage. The platform’s Launchpool feature, which allows users to stake coins in order to farm new assets, has announced that its 65th project will be Nillion (NIL). Nillion is a secure computation network that aims to decentralize trust for high-value and private data.
According to Nillion’s project description, it is hailed as “Humanity’s First Blind Computer” and is categorized as a decentralized network tailored for AI and the future of the Internet. Nillion enables new applications by offering storage and computation services for encrypted data without ever accessing it. This ensures that users, apps, and enterprises retain ownership of their data at all times.
From March 21st to 24th, Binance users will have the opportunity to lock their BNB, as well as stablecoins like First Digital USD (FDUSD) and USDC, to receive NIL airdrops. Subsequently, the asset is set to be listed on Binance on March 24th. Notably, Binance will assign a seed tag to NIL, indicating that it is a lower-liquidity project that may exhibit higher volatility compared to other listed tokens.
To mitigate potential risks associated with trading assets with seed tags, Binance mandates that users pass quizzes every 90 days to ensure they are well-informed about the risks involved.
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