CoinList announces Nillion Community Round: Major progress and NIL utility token launch in H1 2024

CoinList announced the Nillion Community Round, highlighting major developments on the platform in the first half of 2024. This year, 12 token sales have sold out on CoinList.

What is Nillion's utility token

Nillion Network has launched its native utility token NIL. The project was initially presented to the CoinList community in the Fall 2022 Seed Round. Nillion aims to build the first blind computer, enhancing privacy technology to develop privacy-aware applications.

Nillion advocates a community-first culture

Nillion, like CoinList, values ​​a community-first approach. Nillion said that for more than a decade, a community has come together to build a better future (by memeing it until we succeed), and this is what we are today. The community-first culture has solidified web3's place in the global zeitgeist.

The Community Round will mirror its Series A valuation of $400 million and offer an equal or higher percentage of token supply.

The purchase period for the Community Round begins at 17:00 UTC on June 19, 2024, and ends at 17:00 UTC on June 26, 2024. The Community Round has a public option with two different launch categories:

A distinguishing feature of this round is that it allows for multiple purchases up to a maximum limit, in response to user feedback, thereby increasing the flexibility of the purchasing process.

About Nillion Details

Founded in 2021, Nillion is a decentralized public network based on a new cryptographic primitive called "zero message computation" (NMC). This allows nodes in a decentralized network to work in a unique non-blockchain way, unlocking important new utilities in Web3. Examples of use cases include decentralized credit scoring, decentralized trusted execution environments, private NFTs, and decentralized secure storage services.

Nillion team members include: Alex Page (CEO), Miguel de Vega (co-founder and chief scientific officer), Andrew Masanto (co-founder and chief scientific officer), Mark McDermott (founding team and COO), Andrew Yeoh (chief marketing officer).

Nillion raised more than $20 million on December 12, 2022 to build new web3 infrastructure, led by Distributed Global. Other investors include AU21, Big Brain Holdings, Chapter One, GSR, HashKey, OP Crypto, and SALT Fund.