EN
The Million Token Generation Event is taking place on March 24th, marking a significant milestone in the development of the network. This event signifies the beginning of a new phase for Million, known as blind compute, which focuses on creating a privacy-first infrastructure for secure data processing.
Blind compute is a straightforward concept that allows sensitive data to be stored and processed without being exposed, even to the nodes performing the computations. This innovative approach positions Million as a first mover in the emerging field of privacy-preserving technology, enabling developers to create applications that maintain user privacy without sacrificing functionality.
At the heart of the Million network is the NIL token, which serves as the coordination tool and economic engine for the ecosystem. NIL will be utilized to access and pay for blind compute services, secure the network through staking, and participate in governance decisions. Validators will bond NIL tokens to validate storage and computation, ensuring the operational integrity of the network.
The total supply of NIL is set at 1 billion tokens, with nearly 20% entering circulation at launch. A substantial portion of these tokens is allocated for community programs, including airdrops and community rounds, aimed at decentralizing access and participation from day one. Contributors to the network, whether through the verifier program, developer initiatives, or community efforts, may be eligible to claim tokens.
The launch of NIL marks the beginning of a longer-term roadmap for Million. Upcoming phases will include enhanced interoperability with other networks, improved orchestration across compute clusters, and advancements toward a fully decentralized infrastructure for blind compute. These developments are expected to further solidify Million's position in the privacy technology landscape.
As the Million network progresses, it is essential for participants to stay informed and engaged. The community is encouraged to explore staking options and contribute to the network's growth. The NIL token's launch is just the beginning, and the future holds exciting possibilities for privacy-focused applications and services.
Q: What is the Million Token Generation Event?
A: The Million Token Generation Event is taking place on March 24th, marking a significant milestone in the development of the network and the beginning of a new phase known as blind compute.
Q: What is blind compute?
A: Blind compute is a concept that allows sensitive data to be stored and processed without being exposed, even to the nodes performing the computations, enabling privacy-preserving technology.
Q: What is the role of the NIL token in the Million network?
A: The NIL token serves as the coordination tool and economic engine for the ecosystem, used to access and pay for blind compute services, secure the network through staking, and participate in governance decisions.
Q: How many NIL tokens will be distributed at launch?
A: The total supply of NIL is set at 1 billion tokens, with nearly 20% entering circulation at launch, including allocations for community programs and airdrops.
Q: What does the future roadmap for Million entail?
A: The future roadmap includes enhanced interoperability with other networks, improved orchestration across compute clusters, and advancements toward a fully decentralized infrastructure for blind compute.
Q: What should participants do as the Million network progresses?
A: Participants are encouraged to stay informed, explore staking options, and contribute to the network's growth as the NIL token's launch is just the beginning of future possibilities.