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Binance has introduced Saga (SAGA) as the 51st project on its Launchpool, showcasing the platform's dedication to fostering innovation in the cryptocurrency realm. Trading for Saga (SAGA) will commence at 17:00 on April 9, 2024, with Binance as the primary listing platform.
In anticipation of Saga's addition, Binance has unveiled a staking opportunity for users to farm SAGA tokens by staking BNB and FDUSD tokens in separate pools over a four-day period starting at 03:00 on April 5, 2024.
Upon listing, Saga (SAGA) will be tradable with various pairs, including SAGA/BTC, SAGA/USDT, SAGA/BNB, SAGA/FDUSD, and SAGA/TRY, with the Seed Tag applied to signify its integration into the Binance ecosystem.
Key details of the Saga (SAGA) Launchpool initiative include:
- Token Name: Saga (SAGA)
- Maximum Token Supply: 1,000,000,000 SAGA
- Launchpool Token Rewards: 45,000,000 SAGA (4.5% of maximum token supply)
- Initial Circulating Supply: 90,000,000 SAGA (9% of maximum token supply)
- Smart Contract: Saga Security Chain
- Staking Conditions: KYC required
- Fixed Upper Limit per User Hour:
- 37,500 SAGA in BNB pool
- 9,375 SAGA in FDUSD pool
- Supported Repositories: Stake BNB (80% reward) and FDUSD Share (20% reward)
The farming period is scheduled from April 5, 2024, 03:00, to April 8, 2024, 03:59, with frequent snapshots taken to calculate user rewards based on hourly average balances.
*Disclaimer: This communication does not constitute investment advice. #BullorBear