We are currently engaging with exchanges regarding a NIL token public launch date. For confidentiality reasons we are unable to give any further progress updates on the exchange listing process until we are ready to announce a token launch date. We are aiming to launch in the first half of 2025.
When the CoinList Community Round was held (June 19th - 26th), we expected to have our Public listing on or around late August 2024. This was subject to change based on market conditions and/or exchange conversations. Having the right exchange partners is critical to a successful token launch. We have deliberately chosen not to rush, especially given that throughout 2024, we’ve seen numerous hasty project launches that have launched with limited ecosystems and minimal utility. To avoid similar pitfalls, we are taking the necessary time to ensure a successful launch with the best partners.
The team is prioritizing a sustainable successful launch over rushing to market. Partnering with the right exchanges is a process that takes time and we want to do it properly. We’ve built exciting partnerships, have an ambitious roadmap ahead, and are confident looking toward 2025 and beyond.
The capped unlock schedule remains unchanged, with 5% unlocking on the token launch date and 95% unlocking over the following 6 months.
We anticipate the initial 25% unlock to occur as early as 6 months after the NIL token public launch date. Your remaining NIL token allocation will then unlock linearly over the following 24 months**.** Nillion may be required to consider the initial unlock starting up to a maximum of 12 months after the token launch date based on exchange or regulatory requirements.
This is driven by requirements for exchange listings. These requirements are also why the original March 2025 date was scheduled, to allow at least 6 months after the previously planned August 2024 date.