What is Billions Network Token (BILL)?
Billions Network Token (BILL) is the token used within the Billions Network ecosystem, a system focused on identity and reputation verification for both people and AI agents. The network uses decentralised identifiers (DIDs), verifiable credentials (VCs) and cryptographic proofs so a user or agent can prove specific claims without sharing the underlying raw data.
What is Billions Network Token (BILL) used for?
BILL is used to coordinate economic activity and participation across the network, including:
- Verification-related payments: paying for requests that involve verifying proofs and credentials
- Staking for participation: staking as a signal of commitment and as a basis for access to network features and participation roles
- Ecosystem incentives: incentives linked to onboarding, credential issuance and verification activity
- Governance of protocol parameters (phased): involvement in decisions about protocol parameters and registry-related choices, without representing ownership rights in an entity
Who created Billions Network Token (BILL)?
BILL is associated with Billions Network, founded by Evin McMullen and David Z.