Introduction to the basic information of the new project NIL launched by BITGET yesterday: At present, both contracts and spot goods can be traded BITGET is the previous stop on Binance Nillion (NIL) is a decentralized privacy computing network designed to address data privacy and scalability issues through innovative encryption techniques. Core Mission: Nillion is committed to becoming a secure computing foundation for industries that require high levels of data privacy, such as artificial intelligence, healthcare, finance, etc., by implementing data encryption through its "Blind Computation" technology to ensure that data remains private throughout storage, transmission, and computation processes. Technical features: Nillion's core technology is based on Privacy Enhancing Technologies (PETs), including: Blind computing: Data remains encrypted throughout its entire lifecycle and can be processed without decryption, avoiding the leakage of sensitive information. Multi party computation (MPC): allows multiple parties to perform joint computation without exposing their respective inputs. For example, the classic "millionaire problem" can compare the assets of both parties without disclosing specific wealth. Homomorphic encryption (HE): Supports direct computation on encrypted data, suitable for scenarios that require high privacy protection. Network structure: Petnet: Composed of multiple nodes, used for decentralized storage and processing of encrypted data, achieving decentralization and privacy protection. nilChain: Used for payment, network governance, and incentive mechanisms. These technologies enable Nillion to balance privacy and efficiency in decentralized systems, distinguishing it from the limitations of traditional blockchain in terms of privacy and scalability. Token symbol: Total NIL quantity: 1 billion pieces Initial circulation: 195 million pieces (accounting for 19.5% of the total, according to information available upon launch on March 24, 2025) Inflation mechanism: An annual inflation increase of 1% is used for network incentives and ecological development. Function: Used to pay for computing and storage costs in the network. Used for network governance, holders can participate in decision-making. Used to motivate node operators and ecosystem participants. Historical financing: Nillion conducted a community round financing through CoinList in June 2023, with a valuation of $400 million (FDV) and lock up conditions. Ecology and Applications Nillion's goal is to support real-world scenarios that require privacy protection, including: Decentralized AI: Protecting Training Data Privacy. Medical analysis: Safely handle sensitive medical data. Financial transactions: transactions and analysis that achieve privacy protection. Its ecosystem is rapidly developing and has established partnerships with projects such as NEAR, Aptos, and Arbitrarum to further expand its application scenarios NIL article sponsored by Bitget | @ Bitgetzh