What is Billions Network (BILL)

I. Project Introduction

1. What Is Billions Network?

Billions Network (Bill) is a global identity verification network designed for both humans and AI agents. It adopts a mobile-first and privacy-preserving approach, enabling users to prove their real identity and uniqueness without exposing sensitive personal data. The network supports identity verification for both human users and AI agents. Powered by zero-knowledge proofs, Billions Network allows identity verification without relying on biometric data collection. Users only need a smartphone and a government-issued ID to complete the verification process.

2. How Does Billions Network Work?

Billions Network operates based on zero-knowledge proofs. After completing identity verification through a mobile application, users can generate reusable and pseudonymous identity credentials that verify attributes such as personhood, KYC/AML status, age, and location without revealing the underlying personal information.

The network also supports AI agents to verify the authenticity of their training models, data sources, and operational parameters. Users can earn Power Points by completing verification and participating in routine activities such as daily check-ins and referrals. BILL serves as the native token of the network and is used to pay verification fees, serve as collateral, influence reputation weighting, and cover AI agent verification costs. Fees generated by the network trigger an automated token supply reduction, creating a flywheel where greater usage strengthens token value.

3. Who Created Billions Network?

Billions was co-founded by Evin McMullen (CEO), David Schwartz, and Oleksandr Brezhniev (CTO). The founding team comes from Disco.xyz, Hermez, and Polygon, and includes contributors behind the Circom zero-knowledge proof library. Evin McMullen previously founded the verifiable data platform Disco.xyz and has long been active in the on-chain identity and data standards space. Billions Network was spun out from Polygon’s identity business unit, Privado ID.

4. Billions Tokenomics

BILL is an ERC-20 token deployed on Ethereum Layer 2, with a fixed total supply of 10 billion tokens and no further minting. At TGE, approximately 23% of the supply, or 2.3 billion BILL, entered circulation.

BILL is primarily used to pay network verification fees, serve as collateral, influence reputation weighting, and cover AI agent verification costs. The protocol also adopts an automated burn mechanism driven by network activity to reduce circulating supply over time.

5. Timeline & Key Milestones

February 2025: Privado ID announced the launch of Billions Network.

August 2025: Billions Network completed a $30 million funding round, led by Polychain Capital, Coinbase Ventures, Polygon Ventures, Liberty City Ventures, and BITKRAFT Ventures. Individual investors included Balaji Srinivasan, former CTO of Coinbase.

May 4, 2026: BILL was listed on Binance Alpha, HTX, Bitget, and LBank for trading.​

II. Token Information

III. Related Links