I. Project Overview
Billions Network is a decentralized network focused on "human and AI verification," evolved from Polygon ID and Privado ID. The project utilizes Zero-Knowledge Proof (ZKP) technology, allowing users to complete identity verification using just their mobile phone and government-issued documents, without the need for specialized hardware or exposing personal privacy data. Its technology stack supports more than 9,000 ZKP and identity projects worldwide, partnering with renowned institutions such as HSBC, Sony Bank, TikTok, and the Indian government.
II. Project Introduction
The current internet faces a severe trust crisis. According to data cited by the project, over 51% of internet traffic comes from bots or unverifiable sources, with deepfakes, fraudulent accounts, and synthetic identities eroding online trust foundations. Meanwhile, AI agents are being deployed on a large scale across the internet, yet lack traceable verification mechanisms, leaving users unaware of the controlling entities behind them. Each year, the global loss due to identity fraud exceeds $30 billion and continues to rise at an approximate compound annual growth rate of 35%.
The core philosophy of Billions Network is "Verify Once, Prove Anywhere." Users can complete identity verification within seconds by scanning the NFC chip on their passport or ID through a mobile app, combined with live detection. The verification information is encapsulated as a zero-knowledge proof credential, which does not store raw data, enabling users to reuse the credential across platforms to prove specific attributes (such as "is a real person," "is an adult," KYC compliance status, etc.), without repeatedly exposing personal information.
Compared to competitors in the same field (such as World/Worldcoin), Billions' core differentiation lies in not relying on invasive biometric hardware like iris scanning and only using everyday consumer devices for verification. The project also extends the concept of identity verification into the AI field—through the Know Your Agent (KYA) framework, AI agents can also acquire verifiable identities linked to the responsible human or organization, allowing users to confirm the trustworthiness of the counterpart when interacting with AI.
III. Products and Technology
Core Technology Stack
Billions Network's underlying technology is built on the Privado ID (formerly Polygon ID) infrastructure and the open-source ZK proof framework Circom. Circom is a zero-knowledge proof programming tool developed by the team in its early days, which has become the de facto ZK programming standard in the Web3 field. The core technological architecture includes the following modules:
Iden3 Protocol: A decentralized zero-knowledge proof identity management framework based on Ethereum, supporting the creation of Decentralized Identifiers (DIDs), key rotation, and self-resolution. This protocol provides a client-side ZK prover (supporting mobile and browser), enabling users to complete proof calculations on local devices without sending sensitive data to a server.
Identity Status Anchoring: Anchors identity status changes to the blockchain, supporting multi-chain on-chain verification (currently covering Ethereum, Polygon PoS, Aurora, Linea, BNB Chain, etc.), and facilitates cross-chain identifier transfer through an identity status oracle.
Context-Based Unique Identifier (CBUID): To address the "uniqueness and anonymity paradox" raised by Vitalik Buterin in his digital identity paper, Billions adopts a context-based unique identifier solution. Each application's randomly generated profileNonce is hashed with the user's primary identifier to generate a separate DID. Because the nonce is entirely random and generated locally, no server or issuer can trace the same user across applications, fundamentally preventing cross-platform user profiling and surveillance.
Privacy Chain Revocation Mechanism: Supports on-chain and off-chain revocation of privacy credentials, allowing users to withdraw published identity credentials at any time.
Main Products
Billions App (Mobile + Web): The primary entry point for users to complete identity verification, supporting iOS and Android. Users complete "Progressive Verification," including uniqueness verification, KYC/AML verification, and social account binding through passport NFC scanning and live detection. The app accumulated over 2.3 million users and more than 300,000 downloads within the first eight months post-launch.
Official Profiles: Verified official identity profiles, categorized into basic badges, certified badges, and advanced badges to provide users with credible reputation credentials on different platforms.
Know Your Agent (KYA): An identity verification framework for AI agents (Deep Trust Framework), assigning verifiable identities to AI agents and linking them to traceable humans or organizations, enabling AI to prove its source, training data, and behavioral authorization during interactions with users.
Developer Toolkit: Includes Issuer Node (credential issuance node), Verifier SDK (OAuth-like in-app authorization flow), Wallet SDK, on-chain issuer and verifier contracts, etc., for third-party developers and enterprises to integrate and use.
IV. Economic Model
BILL is a utility token based on the ERC-20 standard, with a fixed total supply of 10 billion tokens and no inflation mechanism. The Token Generation Event (TGE) will be completed on May 4, 2026, with an initial circulation of about 24%. In terms of token distribution, the community accounts for 40%, used for staking, airdrops, hackathons, and growth incentives; the foundation's reserve accounts for 32%, designated for liquidity, operations, and stability, with a linear release over four years; contributors (team) account for 20%, with a one-year lock-up period, followed by a linear release over three years; investors account for 6%, with a 12-month lock-up period, releasing over four years; and the creator program accounts for 2%, used to reward long-term content contributors.
The project adopts a progressive token release strategy rather than a one-time large-scale unlock. By timeline: approximately 24% enters circulation at TGE; grows to about 45% by the end of the first year; around 62% in the second year (first unlock for investors and contributors); approximately 83% in the third year; and completes 100% distribution by the fourth year.
The BILL token is designed around network usage rather than speculation, with primary utilities including: enjoying a 10%-15% discount when using BILL to pay for verification and credential fees; establishing credit scores, accessing premium features, and participating in network governance by staking BILL; serving as collateral for AI agents and trusted applications; as a spam prevention mechanism for decentralized identifiers (DIDs); and future protocol governance voting rights.
V. Team and Investors
Core Team
The Billions Network team is deeply rooted in the Polygon ecosystem and the decentralized identity field.
Evin McMullen — Co-founder and CEO. A seasoned expert in digital identity, previously founded Disco.xyz (a decentralized identity credential platform). Joined the team after the independence of Privado ID, leading the commercial strategy direction.
David Z (David Schwartz) — Co-founder. Also a co-founder of Polygon, having served as Polygon's CTO, and led the Polygon ID and Polygon zkEVM projects. He is also the project leader of the Iden3 protocol — a decentralized zero-knowledge proof identity management framework based on Ethereum.
Oleksandr Brezhniev — CTO. Responsible for managing the technical architecture and engineering team.
Miriam Sancho Rodriguez — COO. Responsible for daily operations and organizational management.
In terms of advisors, the co-founder of Polygon Labs and current CEO of Polygon Foundation Sandeep Nailwal serves as a growth advisor, continuously supporting the project's expansion.
Funding Situation
Billions Network has completed a total financing of $30 million. Disclosed investors include Coinbase Ventures, Polychain Capital, P2 Ventures (formerly Polygon Ventures), Liberty City Ventures, BITKRAFT Ventures, and 071labs. This financing lineup covers mainstream crypto VCs and strategic industry investors, reflecting institutional interest in the decentralized identity field.
VI. Roadmap
Billions Network's development progresses in three phases:
Phase One: Human & AI Internet
This is the phase currently being executed, with the core task of establishing boundaries between humans and machines. Major milestones include: mobile app launch (completed), progressive identity verification system launch (completed), multi-chain expansion on BNB Chain (completed in January 2026), TGE of BILL token (completed in May 2026), and trading on Binance Alpha. The project report shows that within the first eight months post-launch, over 2.3 million users, 550,000 cross-platform followers, and 680,000 Discord users were obtained.
Phase Two: Reputation Layer
This phase aims to connect humans and AI agents through a verified reputation system. Key focuses include: deepening the Official Profiles reputation system, scaling the KYA (Know Your Agent) framework, launching staking and credit score mechanisms, and introducing governance voting functions.
Phase Three: Global Trust Economy
The ultimate vision is to establish a rich identity ecosystem supported by trusted credentials, making trust the default attribute of the internet rather than an exception. This phase will involve large-scale credential interoperability across industries, deep integration with more government and corporate identity systems, and the construction of trust infrastructure for the AI agent economy.
VII. Risks and Opportunities
Opportunities
The prospect of the field is vast: in the context of rampant AI-generated content and an escalating internet trust crisis, decentralized identity verification is becoming a necessity. Global regulatory requirements for digital identity compliance are becoming increasingly stringent (such as the EU MiCA regulation and various national age verification policies), creating policy-driven demand for the project.
Strong technical accumulation: the team has been building the underlying technology since the Polygon ID era, with a leading adoption rate of Circom and the Iden3 protocol in the ZK field, and integration with over 9,000 projects forming a significant network effect.
Differentiated positioning without specialized hardware: compared to competitors like World (Worldcoin) that require iris scanning hardware, Billions' mobile-first solution has a natural advantage in accessibility and scalability, with lower barriers and wider coverage.
Enterprise cooperation foundation: Established partnerships with institutions like HSBC, Sony Bank, TikTok, the Indian government, and the Spanish Red Cross provide verifiable demand scenarios for the project's grounding.
Risks
Intensifying competition: The decentralized identity field has multiple strong competitors, including World (Worldcoin), Civic, Galxe, etc. Each project has differences in technology paths and market strategies, but they compete for a highly overlapping user base.
Real-world validation of token economic model: Although the project describes a "usage-driven" economic flywheel, the token has been on the market for a short time, and real network fee revenue, staking participation rates, and token demand still need to be market-validated.
Unlocking pressure: Initial circulation is about 24%, which will rise to around 45% by the end of the first year. Subsequent unlocking of tokens for investors and contributors may impact market supply.
Regulatory uncertainty: The project's white paper states compliance with the EU MiCA regulations and has reported to Spain's CNMV. However, the regulatory framework for tokenized identity services is still evolving across global jurisdictions, and policy changes may affect the project's operation.
User retention and real usage: Despite impressive growth data (2.3 million users in 8 months), the sustainability of user growth and active engagement requires ongoing monitoring, needing to distinguish between incentive-driven registrations and genuine product usage demand.
Technical security risks: The security of the zero-knowledge proof system relies on the correctness of underlying cryptographic assumptions and smart contract implementations. Any critical vulnerabilities could jeopardize the entire trust system.
VIII. Conclusion
Billions Network is a decentralized identity verification project with a solid technological foundation and outstanding team background. From Polygon ID to Privado ID and then to Billions, the project has accumulated years of experience developing zero-knowledge proof technology and extensive enterprise-level partnerships. In the context of rapid AI penetration into the internet, its narrative of "joint verification between humans and AI" aligns with current market demand. The accessibility of its mobile-first verification solution, which does not require specialized hardware, is competitive, and the design thought of extending verification from humans to AI agents through the KYA framework also demonstrates forward-thinking.
At the same time, it is worth noting that the project's token has just begun trading, and the economic model has yet to undergo a complete market cycle verification. Competition in the field is intensifying, and the sustainability of user growth and the real demand for token utility require time to validate. The $30 million funding and endorsements from organizations like Coinbase Ventures and Polychain Capital provide financial assurance for project development, but whether it can achieve its vision of a "global trust economy" ultimately depends on the comprehensive performance of technology implementation, ecosystem expansion, and market adoption.
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