Binance to Support New Decentralized Network for Secure Data Storage

Binance is preparing to introduce a new asset to its platform, focusing on a decentralized network that ensures secure data storage.

As part of its Binance Launchpool initiative, which allows users to stake coins and farm new assets, the exchange will support Nillion (NIL), a network designed to decentralize trust for sensitive, high-value data.

Nillion describes itself as “Humanity’s First Blind Computer,” aiming to create a new category of decentralized networks tailored for artificial intelligence and the evolving internet landscape.

The technology behind Nillion enables the secure storage and processing of encrypted data, without ever needing to view or expose the content, keeping user data completely private.

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From March 21st to 24th, Binance users can lock BNB, First Digital USD (FDUSD), and USDC stablecoins to receive NIL airdrops. Following this period, Binance plans to list NIL on March 24th.

The exchange will mark NIL with a seed tag, a label it assigns to assets with lower liquidity, indicating higher volatility than more established tokens. Binance also requires users holding assets with seed tags to pass periodic quizzes every 90 days, ensuring they understand the associated risks before engaging in trading.

Alexander Stefanov