Binance has announced the listing of SAGA token on its platform. This highly anticipated listing is scheduled for April 9th and marks the arrival of Saga mainnet. Investors and enthusiasts alike are eagerly awaiting this launch, as it not only signals the growth of the Saga Network but also presents new opportunities for crypto enthusiasts.
Saga Token Launchpool
To celebrate the listing of SAGA token on Binance, the exchange has introduced a Launchpool program. This program allows customers to earn tokens by staking Binance Coin (BNB) or FDUSD stablecoin. As a reward, half of the initial circulating supply of SAGA tokens will be distributed among Launchpool participants.
The initial circulating supply of SAGA is set at 90 million tokens, which accounts for 9% of the total supply. This means that users can earn a significant share of the tokens by participating in the Launchpool program.
Introducing @Sagaxyz__ $SAGA on #Binance Launchpool!
Farm $SAGA by staking #BNB and $FDUSD.
https://t.co/azwoqeTgew pic.twitter.com/g0lC0FjZkx
— Binance (@binance) April 4, 2024
Since the announcement of the Launchpool program, there has been a massive response from Binance users. As of now, approximately $3.8 billion has been staked by 109,000 BNB users and around 82,000 FDUSD users. This overwhelming participation is a testament to the popularity and potential of the Saga Network.
Unfortunately, not all countries will be able to participate in the Launchpool program. Residents of the United States, Canada, Japan, and Australia are excluded from this campaign. Binance has provided a detailed list of countries in their official announcement for Saga on Launchpool.
What is the Saga?
The Saga Network is a layer-1 blockchain that offers a unique chainlets architecture. This architecture allows for the launching of other chains, making it easier for decentralized apps (dapps) and projects from other blockchains to be hosted on the network. This feature has made Saga an attractive platform for gaming-related projects.
Out of all the projects hosted on Saga’s testnet, around 80% are gaming-related. The network has already organized successful play-to-airdrop tournaments and collaborated with games from other blockchains like Solana and Avalanche. This has created a buzz in the gaming community as gamers can now earn tokens while playing their favorite games.
The recent Saga airdrop was a massive success, with over 200,000 wallets eligible for tokens. Eligibility extended to play-to-airdrop winners, DeFi stakers on networks like Cosmos and Polygon, and owners of notable NFTs such as CryptoPunks and Bored Ape Yacht Club.
Binance Gaming Tokens
Binance Launchpool has been a key platform for the launch of several successful gaming tokens, including PIXEL and PORTAL in 2021. The overwhelming response to these launches highlights the growing interest in gaming-related projects within the crypto community.
With the upcoming listing of SAGA token on Binance, there is no doubt that it will attract significant attention from investors and gamers alike. The launch of Saga mainnet marks a significant milestone for the network, and it will be interesting to see how it continues to evolve in the future. Keep an eye out for April 9th, as the excitement builds for the highly anticipated arrival of SAGA on Binance’s mainnet.
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