Nillion, a privacy-preserving computing network, has just announced the economic model of the NIL token. NIL plays a core role in coordination services, computing services, Staking, and governance. The initial total supply of the NIL token is 1 billion, but there is no maximum limit, depending on the governance mechanism with an estimated inflation rate of around 1% per year.
According to the project, the initial circulating supply is 195.15 million tokens, accounting for 19.52% of the total supply. The token allocation includes 29% for the ecosystem and research and development, 20% for the community, 10% for protocol development, 21% for early investors, and 20% for core contributors.
The 20% of tokens allocated to the community will be distributed through various incentive programs, grants, and other initiatives, including Airdrop, to reward active users in the Nillion ecosystem and community rounds.