Nillion Logo

Nillion (NIL)

Past
Total Raise: $40,000,000
Date: 11 Dec 2022 - 26 Jun 2024

Nillion decentralizes trust for sensitive data in the same way that blockchains decentralized transactions. Nillion is a deep technology infrastructure project aiming to build a non-blockchain decentralized network. While blockchains decentralize finance, Nillion aims to decentralize everything else and the rest of data. The project offers a new internet infrastructure for securing storage and data computation.

In its private funding round led by Distributed Global, the project has successfully raised $20M from investors including AU21, Big Brain Holdings, Chapter One, GSR, HashKey, OP Crypto and SALT Fund. From the Community Round on Coinlist, the project expects to raise $20M, allocating 50M $NIL tokens.

❗️ ❗️ ❗ IMPORTANT:

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Nillion Overview

Ticker: NIL
Country: Switzerland
Industry: Social
Founded: 2021
Whitelist: Yes
Blockchain Network: Non-blockchain
KYC: Yes
Bounty: Yes
MVP: Yes
Type: ICO
Security Audit: No

Nillion Review

Nillion is a secure computation network that decentralizes trust for high value data in the same way that blockchains decentralized transactions.

Traditional challenges of handling high value data include:

  • The need for secure storage;
  • The ability to compute on stored data without compromising security;
  • Achieving decentralization of data management.

The Nillion crypto project addresses these challenges by leveraging privacy enhancing technologies (PETs) including Multi-Party Computation (MPC). These PETs enable users to securely store high value data on Nillion's peer-to-peer network of nodes, and allow for computations to be executed on the masked data itself. This eliminates the traditional need to decrypt data ahead of computation, enhancing the high value data's security.

High value data stored in the Nillion Network can be computed while staying hidden, unlocking new use cases and verticals; early builders from Nillion’s community are building things like tooling for private predictive LLMs and secure storage and compute solutions for healthcare, passwords, and trading data.

Nillion has a four-phase strategy for deploying the Nillion Network. Currently, Phase 1, the Genesis Sprint, is live. During Phase 1, you can interact with the Nillion Testnet, aka the Coordination Layer, using Testnet $NIL tokens.

On June 10th, 2024, the Nillion project announced the upcoming Community Round on Coinlist, which was launched on June 19, 2024, and runs until June 26, 2024, 17:00 UTC.

 

✅ Nillion’s pros:

  • Token launch on Coinlist;
  • Low Initial Market Cap / FDV rate (5%);
  • Has reputable backers and partners;
  • Good SMM coverage;
  • Solid PR performance;
  • Great Growth Marketing;
  • Above-the-average Search Engine Optimization;
  • Team participates in a huge number of AMA sessions, interviews and conferences.

📛 Nillion’s cons:

  • High Token Monthly Inflation rate (3.57%);
  • 20% of tokens are allocated for Team;
  • Has no Security Audits;
  • Weak Marketing Infrastructure;
  • Poor Influencer Marketing.

Nillion Token Economy

Total Raise: $40,000,000
Total Supply: 1,000,000,000
Private/Pre-sale: (0%)
Public Sale: 50,000,000 (5%)
Fully Diluted Valuation (FDV): $400,000,000
Initial Circulation Supply: $20,000,000 (5% of FDV)

Nillion Token Sale (ICO & IDO) Rounds

Private: Dec 2022 Past

Price: N/A
Tokens for sale: N/A
Raise: $20,000,000
Lock-Up: N/A
ICO: Jun 2024 Past

Price: $0.4
Tokens for sale: 50,000,000
Raise: $20,000,000
Lock-Up: 5% unlock at TGE, 6 month linear release
Launchpad: CoinList Logo CoinList

Nillion Token Release Schedule

nillion token release schedule

Nillion Funds and Backers
(3/7)

Submit
GSR logo
GSR
Score:
13 numbers of
investment
Read More
Hashkey Capital logo
HashKey Capital
Score: High
11 numbers of
investment
Read More
4 numbers of
investment
Read More
View All

Nillion Influencers

Submit
Arthur Hayes
Arthur Hayes
Score: High
3 numbers of
investment
Read More
Meltem Demirors
Meltem Demirors
Score: Low
1 numbers of
investment
Read More

Nillion Marketing Activity

Search Engine Optimization
Social Media & Community Management
PR & Traffic
Marketing Infrastructure
Influencer Marketing
Growth Marketing
Last Update:  20 Jun 2024 Upgrade

Nillion Team

Alex Page
Alex Page
CEO
Conrad Whelan
Conrad Whelan
CTO
Andrew Yeoh
Andrew Yeoh
CMO
Miguel de Vega
Miguel de Vega
CSO
Slava Rubin
Slava Rubin
CBO
Tristan Litré
Tristan Litré
Director of Crypto
Mark McDermott
Mark McDermott
COO
Lindsay Danas Cohen
Lindsay Danas Cohen
General Counsel
Lukas Brüll
Lukas Brüll
Head of Ecosystem

Nillion News

Nillion Roadmap

2024

Testnet:

  • Phase 1 - Genesis Sprint
  • Phase 2 - Catalyst Convergence
  • Phase 3 - Hardening
  • Phase 4 - The MultiCluster Future
JUN 2024

Nillion’s Community Round launch

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