Good evening, everyone. In the last issue of ENA, everyone enjoyed a lot of mining benefits. This time, Binance is connected to IEO mining SAGA. Next, follow the madman to understand what this Sagaxyz project is and what the listing price is. How is the space after the event?
The IEO projects in these rounds have achieved good results, and are favored by major market players and actively participated by retail investors. This has increased the price ceiling of BNB.
Saga is the L1 of the Cosmos system that has always been very popular. It is worth participating in this wave of Binance selection.
What is Saga?
Saga is a Layer1 blockchain based on Cosmos, mainly targeting the gaming and entertainment sectors, allowing developers to self-start parallel and interoperable dedicated chains. It uses the cosmos SDK to create an integrated modular infrastructure, borrowing its comprehensive tool set and SagaOS platform to introduce dedicated scalable blockchain Chainlets for deploying smart contracts. Saga aims to become the scalability layer of the Web3 infrastructure!
The advantages and highlights are: 1. Easy to deploy. Through automatic Chainlet one-click generation, Cosmos cross-chain security and support for various virtual machines, it helps developers to launch chains efficiently.
2. Affordable. Developers can choose any monetization model they like, their own tokens, fiat currencies, stablecoins, and launch new chains without upfront costs.
3. Unlimited horizontal scalability. All Chainlets are parallelized application chain instances, allowing applications to elastically scale to their peak performance and speed.
4. Strong interoperability. Ensure high throughput and do not rely on other applications using Saga, easy to upgrade and relieve congestion. Financing: So far, Saga has received $15 million in financing, with a valuation of 130 million. Placeholder led the investment, and Maven11, Longhash, Samsung, Com2uS, and Polygon participated in the investment. It also cooperated with popular games such as parallelTCG, GasHeroOfficial, Phantom Galaxies, and Angelic. In short, Saga allows developers to deploy customized chains on them with one click. The future goal is to become a "general infrastructure platform" that can serve many types of decentralized applications. Under this framework, the standard Saga chain block will attract more developers and become the automated deployment pipeline on many public chains in the future, including Polygon, Avalanche, Celestia, XPLA, etc.
Saga’s Token Model
SAGA is the native utility token of the Saga Protocol and is used for the following functions:
Payments for Chainlets: Developers pay network validators in $SAGA tokens to instantiate and keep their Chainlets alive.
Staking: Stakers help secure the network and receive rewards in $SAGA tokens and tokens of projects built on the Saga Protocol.
Governance: $SAGA token holders will be able to vote on network governance decisions.
Token Name: Saga ($SAGA)
Total Token Supply: 1,000,000,000 SAGA
Initial circulation: 90,000,000 SAGA (9% of the maximum token supply)
Binance Launchpool allocation: 45,000,000 $SAGA (4.5% of total token supply)
According to the previous Binance IEO projects, the average market value is 500-800 million, and the listing price is expected to be around 4u-5u! If you have BNB or FDUSD, you must participate in each Binance mining. Don't miss the free gift. I will also find a position to enter the market when it opens, and we can discuss it together then.
