Question 1

What is Billions Network Token (BILL)?

Accepted Answer

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.

Question 2

What is Billions Network Token (BILL) used for?

Accepted Answer

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

Question 3

Who created Billions Network Token (BILL)?

Accepted Answer

BILL is associated with Billions Network, founded by Evin McMullen and David Z.