The price of Billions Network (BILL) jumped nearly 50 percent in a single session after Binance launched a perpetual futures contract for the token on May 7, fueling a speculative rally in the AI-focused identity project.
The listing on the world’s largest crypto exchange by volume provided a new venue for leverage and price discovery, adding to the token’s recent momentum. The BILL/USDT contract launch followed initial spot listings across several major exchanges starting around May 4, including KuCoin, Bybit, MEXC, and OKX, according to data from CoinGecko.
Following the Binance Futures announcement, BILL traded to an intraday high of approximately $0.2268 before settling near $0.2035 as of May 13. The initial upside target for the token now sits near the $0.28 level, with deeper support established near $0.15, market data shows. The move is part of a wider trend that has seen AI-related tokens like LAB Token (LAB) also post significant gains in May.
The rally puts a spotlight on the project’s core focus: building decentralized identity infrastructure for both humans and artificial intelligence agents. The project, called Billions Network, uses decentralized identifiers and zero-knowledge proofs to let users verify facts about themselves without revealing sensitive personal data. Its main product is DeepTrust, a framework designed to verify AI agents through a concept it calls “Know Your Agent” (KYA), which could become critical as AI begins to execute more on-chain transactions.
Billions Network aims to solve a growing problem in the digital world: proving identity securely. By using verifiable credentials, it allows an entity—whether a person or an AI—to prove something is true (e.g., "I am over 18") without exposing the underlying data (e.g., their exact date of birth).
This focus on AI identity has helped the ERC-20 token capture attention during a month when AI-themed assets have outperformed the broader crypto market. While BILL is focused on its identity narrative, other tokens like LAB have gained traction through different applications, such as its AI-powered trading terminal. For traders, BILL’s primary risk remains its novelty, as sharp pullbacks are common for newly launched assets.
This article is for informational purposes only and does not constitute investment advice.
