Binance has just announced the 51st project for sale on Binance Launchpool called Saga (SAGA). Users will have 4 days to farm SAGA tokens and start trading from April 9, 2024.

In the latest announcement, Binance exchange announced the next project on Binance Launchpool, after Aevo (AEVO) and recently Ethena (ENA). As usual, users will be able to stake their BNB and FDUSD into separate pools to farm SAGA tokens over four days, with farming starting from April 5, 2024 00:00 (UTC).

What is Saga Protocol (SAGA)?

Saga is a Layer 1 protocol that allows developers to automatically create parallel and interoperable dedicated chains, or “Chainlets”. Saga's purpose is to provide applications with infinite horizontal scalability.

Important dates and trading pairs

SAGA token is expected to be listed on Binance at 21:00 on April 9, 2024 (Vietnam time) with trading pairs SAGA/BTC, SAGA/USDT, SAGA/BNB, SAGA/FDUSD and SAGA/ TRY. Additionally, Seed Tag will be applied to SAGA.

Detailed information about Launchpool SAGA:

  • Token name: Saga (SAGA)

  • Total supply: 1,000,000,000 SAGA

  • Launchpool reward: 45,000,000 SAGA (4.5% of total supply)

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

  • Staking terms: Identity verification (KYC) required

  • Hourly hardcap per user: 37,500 SAGA in BNB pool and 9,375 SAGA in FDUSD pool

Pool supported and farming time

Stakeholders can participate in 2 supported pools:

  • Stake BNB: Offers 36,000,000 SAGA (80%) reward

  • Stake FDUSD: Offers 9,000,000 SAGA (20%) reward

Farming time lasts from 07:00 April 5, 2024 to 7:00 April 8, 2024 (Vietnam time).

Distribute SAGA daily

During farming, daily SAGA distribution across pools is as follows:

  • Total daily rewards: 11,250,000 SAGA

  • BNB pool daily rewards: 9,000,000 SAGA

  • FDUSD pool daily reward: 2,250,000 SAGA

The launch of Saga (SAGA) through Binance Launchpool brings exciting prospects to the crypto community. As the big moment approaches, anticipation and interest in the SAGA token continue to grow, marking a major milestone in Binance's ongoing commitment to innovation and community-centric initiatives focus in the field of cryptocurrency.

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