Binance Announces 51st Launchpool Project - Saga (SAGA)

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Saga is the 51st project on Binance launchpool, providing new blockchain deployment support services similar to AltLayer or Dymension, but the main difference between Saga will be the secure L1 blockchain network through the Interchain Security mechanism.

Users will be able to Stake BNB and FDUSD into separate pools to farm Saga Token (SAGA) for 4 days, with farming time starting from 07:00 on April 5, 2024 (Vietnam time).

Binance will then list SAGA at 21:00 on April 9, 2024 (Vietnam time) and open trading with the trading pairs SAGA/ BTC, SAGA/ USDT, SAGA/ BNB, SAGA/FDUSD and SAGA/ TRY. The Seed tag will be applied to SAGA.

Detailed information about Saga (SAGA) Launchpool:

  • Token name: Saga (SAGA)

  • Total supply: 1,000,000,000 SAGA

  • Launchpool Reward: 45,000,000 SAGA (4.5% supply)

  • Initial circulating supply: 90,000,000 SAGA (9% supply)

  • Smart Contract Addresses: Saga Security Chain

  • Staking Terms: KYC required

  • Hourly Hard Cap per user:

    • 37,500 SAGA in BNB pool

    • 9,375 SAGA in FDUSD group

Supported pools:

  • Stake BNB (site will be available in about 5 hours): 36,000,000 SAGA reward (80%)
  • Stake FDUSD (site will be available in about 5 hours): 9,000,000 SAGA reward (20%)
  • Farm time: 07:00 April 5, 2024 to 6:59 April 9, 2024 Vietnam time.

Saga Protocol is a Layer 1 blockchain that introduces a solution dedicated to developing blockchain applications in an easy, decentralized and secure way. Saga provides a Layer 1 blockchain network called "Chainlet" within the Saga ecosystem, used to launch other blockchains. Chainlets are secured by Saga validators through a common security mechanism from Cosmos called Interchain Security.

Chainlet inherits the benefits of running a Cosmos SDK application but uses Saga's validator as network authentication.

This solution also gives developers autonomy in choosing their preferred Arm Virtual Machine (VM), combining the power of the Cosmos SDK and EVM.

VIC Crypto compiled

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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