According to Odaily, the decentralized public network Nillion has announced that its community round token distribution has been completed. The network has also indicated that it will be launching more community-oriented programs in the future, and stakeholders should look out for announcements regarding a broader A-round token sale.
Previously, on June 20, Nillion Network initiated its NIL token issuance on the Coinlist platform. The community round financing was valued at $400 million, and it was set to offer the same (or higher) token supply percentage as the A-round. The purchase period was from 1 am on June 20, 2024, to 1 am on June 27, 2024.
The sale offered 35 million NIL tokens, which accounted for 3.5% of the total supply. The Token Generation Event (TGE) is expected to take place in late August 2024.