Billion: A Human-AI Trust Verification Network for the Age of Artificial Intelligence
The Billion whitepaper was written and released by the core Billion team in Q3 2024, against the backdrop of sustainability challenges in Web3 economic models, aiming to propose an innovative value capture and distribution mechanism.
The theme of the Billion whitepaper is “Billion: Building a Sustainable Decentralized Value Network.” What makes Billion unique is its governance and incentive model that combines “Dynamic Proof of Stake (dPoS)” with “contribution-weighted rewards” to achieve community-driven long-term growth. The significance of Billion lies in providing a new paradigm for the economic model design of decentralized autonomous organizations (DAOs), and significantly enhancing participant engagement and network resilience.
The original intention of Billion is to solve the common disconnect between short-term incentives and long-term development in existing Web3 projects. The core idea presented in the Billion whitepaper is: by introducing the concepts of “value co-creation” and “revenue sharing,” Billion is committed to building a decentralized ecosystem that can evolve autonomously and distribute value fairly.
Billion whitepaper summary
What is Billion
Billion (BILL) is a blockchain project dedicated to building a “human-AI trust network.” You can think of it as a digital “ID system,” but it doesn’t just issue IDs to real people—it can also issue verifiable identities to artificial intelligence (AI). Its core goal is to help us distinguish between real humans and various AI programs in online interactions, thus rebuilding the foundation of trust in the digital world as AI becomes more prevalent.
This project aims to use a mobile-first approach, allowing users to complete identity verification via their phones, with a strong emphasis on privacy protection throughout the process. It does not rely on invasive biometric technologies (such as iris scans), but instead uses safer and more private methods to prove you are a unique real person.
Core Scenarios:
- Preventing bot abuse: Imagine many airdrop events, online voting, or reward mechanisms are often abused by bot accounts. Billion can provide a “proof of humanity” to ensure these resources are truly distributed to human users.
- AI identity and accountability: As AI becomes increasingly intelligent and can even autonomously complete tasks, we need to know who created it, what it has done, and whether it is trustworthy. Billion provides verifiable identities and reputations for AI agents, making AI behavior traceable, more transparent, and accountable.
- Building digital trust: In an online environment filled with misinformation, deepfakes, and anonymous malicious actors, Billion aims to make online interactions safer and more reliable by providing verifiable identities.
Project Vision and Value Proposition
Billion’s vision is to build an interconnected world where every interaction between humans and AI is real, secure, and trustworthy. They hope to bridge the gap between people and technology, unlocking unprecedented value and personalized benefits for everyone, making the digital future fairer, more inclusive, and human-centric.
The core problem it aims to solve is: The lack of digital trust in the AI era. As AI penetrates finance, healthcare, social media, and other fields, it’s becoming harder to distinguish the authenticity of online information and the identity of interaction partners. Billion aims to solve this trust crisis by providing a comprehensive verification network, ensuring that interactions across all devices, boundaries, and jurisdictions are secure, private, and trustworthy.
Key differences from similar projects:
- Privacy-first, non-biometric verification: Many identity verification projects may rely on biometric technologies (like iris scans), but Billion emphasizes non-invasive methods, verifying via mobile and government ID, while using Zero-Knowledge Proofs to ensure personal data is encrypted and stays on the user’s device, not centrally stored or leaked.
- Verifying both humans and AI: This is a unique aspect—Billion focuses not only on human identity but also provides verifiable identity and reputation for AI agents, which is crucial for the future “agentic economy” of human-AI collaboration.
- Composable trust layer: Billion aims to be a universal, composable identity verification layer, allowing developers to easily integrate “unique human” or “trusted AI agent” proofs into their applications, preventing Sybil attacks (where one person controls multiple identities for fraud) and abuse.
Technical Features
The technical foundation of the Billion project is its “Deep Trust Framework,” which combines multiple advanced blockchain technologies to build a secure and private identity verification system.
- Decentralized Identifiers (DIDs): Imagine DIDs as “digital passports” you create and control yourself in the digital world—they don’t belong to any centralized institution and are fully under your control. Billion uses DIDs to let AI agents (and humans) create and control cryptographically verifiable identities, ensuring privacy, interoperability, and resilience.
- Verifiable Credentials (VCs): VCs can be understood as digital “proof documents,” such as “I am over 18” or “I am a real person.” These credentials are issued by trusted issuers, but the verification process does not require revealing all your personal information.
- Zero-Knowledge Proofs (ZKPs): This is the key technology for privacy protection in Billion. Zero-knowledge proofs allow you to prove a statement is true to others without revealing any specific information. For example, you can prove you are over 18 without disclosing your age or birthday. It’s like having a secret, but being able to convince others the secret is true without telling them the secret itself.
- Hybrid verification model: Billion combines on-chain public proofs and off-chain private identity wallets to balance transparency and privacy.
- Universal on-chain registry: This is a cross-chain, zero-knowledge-proof-supported registry for publishing tamper-proof attestations about AI agents and humans.
- Based on Privado ID technology: Billion is built on Privado ID technology, leveraging its infrastructure to provide identity verification services.
Tokenomics
The native token of the Billion project is **$BILL**.
- Token symbol/issuance chain: $BILL, currently indicated to be anchored on Ethereum, with plans to build a zk-rollup for higher speed.
- Total supply and issuance mechanism: The total supply of $BILL tokens is fixed at **10 billion**, with **zero inflation**. This means no new tokens will be minted, ensuring long-term sustainability.
- Token utility:
- Verification and rewards: $BILL is the mechanism driving network verification, rewarding contributors, and maintaining network growth.
- Staking: Users can stake $BILL tokens to prove their credibility, build reputation, and access advanced network features.
- Airdrops and incentives: $BILL is used for airdrops, referrals, and partner incentives to promote the development of the Billion ecosystem.
- Governance: $BILL token holders will guide the evolution of the network through voting, including decisions on funding, parameters, and trust curation.
- Paying credential fees: $BILL is also used to pay credential fees and unlock network features.
- Current and future circulation: As of now, Billion has not officially issued the $BILL token, but early users can earn “POWER” points by participating in activities, which are likely to be converted into $BILL tokens in the future.
- Distribution and unlocking: The specific token distribution model has not been disclosed, but given the $30 million in funding, investor allocation is expected, and the airdrop campaign also suggests a large community reserve.
Team, Governance, and Funding
- Core members and team features: The Billion project was co-founded by the founders of Disco.xyz, Hermez, and Polygon. This indicates the team has extensive experience in zero-knowledge proofs, identity verification, and blockchain scaling solutions.
- Funding: The Billion project has raised a total of $30 million, with a strong lineup of investors including Polychain Capital (leading crypto fund), Coinbase Ventures (Coinbase’s investment arm), Polygon Labs (ecosystem strategic investor), Liberty City Ventures, and BITKRAFT Ventures. This funding provides ample resources for project development.
- Governance mechanism: $BILL token holders will participate in network governance, voting on important matters such as fund usage, network parameters, and trust curation, thus shaping the future of the Billion network together.
Roadmap
Billion’s roadmap is divided into three main phases:
- Phase 1: Human & AI Internet
- January 2025: Launch of mini-app, start of large-scale airdrop campaign, and enhanced community engagement through games and referral systems.
- February 2025: Launch of the first lottery event, start of lottery ticket sales, minting of governance NFTs for early contributors, and launch of DAO governance platform.
- July 2025: Collaboration with SentientAGI to jointly build open AGI.
- September 2025: Launch of progressive identity verification and collaboration with Beamable Network on Solana blockchain to apply “private proof of humanity” solutions to on-chain gaming.
- Phase 2: Reputation Layer
- Q4 2025: Plan to launch staking and governance features.
- This phase aims to establish a real reputation system based on authentic, verifiable actions and trusted credentials, moving away from fake followers and meaningless badges.
- Phase 3: Global Trust Economy
- The ultimate goal is for verified identities to unlock exclusive benefits, personalized rewards, and unique digital experiences. The more genuinely users participate, the richer their digital experience.
Common Risk Reminders
Friends, every blockchain project comes with risks, and Billion is no exception. When considering participating in any crypto project, always stay vigilant and do thorough research yourself.
- Technical and security risks: Although Billion uses advanced cryptographic technology, blockchain projects may still face risks such as smart contract vulnerabilities, network attacks, or technical failures.
- Economic risks: The value of $BILL tokens will be influenced by market supply and demand, project adoption rate, overall crypto market sentiment, and other factors. Price volatility may be very high. The token has not yet been issued, and future details of the tokenomics and distribution may affect its long-term value.
- Compliance and operational risks: The global crypto regulatory environment is still evolving, and future policy changes may impact Billion’s operations and development. In addition, as an identity verification project, data privacy and compliance will be ongoing challenges.
- Competition risks: Other projects are also exploring the identity verification and AI trust space, so Billion will need to continuously innovate and develop to remain competitive.
- Adoption risks: No matter how good the technology is, if the project cannot attract enough users and developers, its ecosystem will struggle to grow.
Please remember, the above information is for reference only and does not constitute any investment advice. The cryptocurrency market is highly volatile, and investment carries risks. Please be cautious.
Verification Checklist
If you are interested in the Billion project, it is recommended that you personally verify the following information:
- Official website: Visit the official website of Billions Network for the latest and most authoritative project information.
- Whitepaper/Technical report: Carefully read its “Deep Trust Framework” technical report to understand its technical details and vision.
- Block explorer contract address: Pay attention to the contract address after the future issuance of $BILL tokens to verify its authenticity and on-chain activity.
- GitHub activity: If the project is open source, check its GitHub repository to assess the development team’s code commit frequency and community contributions.
- Community activity: Follow its community on Discord, X (formerly Twitter), and other social media to learn about project progress and community discussions.
Project Summary
The Billion project (BILL) is committed to building an innovative “human-AI trust network” in an increasingly complex digital world. By combining decentralized identifiers, verifiable credentials, and zero-knowledge proofs, it aims to provide a privacy-first, non-biometric identity verification solution that not only helps us distinguish real humans from AI, but also gives AI agents traceable identities and reputations.
The project has secured $30 million in funding from well-known investment institutions and boasts an experienced team. Its vision is to address the growing trust crisis in today’s digital world, especially against the backdrop of rapid AI development. The $BILL token, as the core of its ecosystem, will be used to drive verification, rewards, staking, and governance, with a fixed supply of 10 billion and zero inflation.
Billion’s roadmap clearly outlines the vision from building the human-AI internet to establishing a reputation layer, and ultimately realizing a global trust economy. However, like all emerging blockchain projects, Billion also faces multiple risks in technology, market, regulation, and adoption.
In summary, Billion is a project with potential in the digital identity and AI trust space, and its privacy protection and dual verification (human and AI) features are noteworthy. But please always maintain an objective and neutral attitude, conduct in-depth independent research, and fully understand the associated risks. For more details, please research on your own.