What is Saga?
Saga is a chain that enables developers to effortlessly deploy a dedicated blockchain (called "Chainlets") with a single-tenant virtual machine, fully configured validators, and an optimized incentive security structure. It functions as a blockchain-as-a-service, similar to launching a smart contract, simplifying the process for any developer. Similar to AWS simplifying web application hosting for Web2 companies, Saga aims to provide the same service for blockchain and Web3 projects, which is a concept of "one-click chain launch".
Saga Project Introduction
SAGA is a complete WEB3 platform designed for developers.
Saga provides visionaries with the high-end tools and support they need to turn their Web3 dreams into reality. Saga is a layer 1 protocol that allows developers to automatically launch parallelized, VM-agnostic and interoperable private chains or "chains", providing unlimited horizontal scalability for applications.
Token Economics:
Token Name: Saga (SAGA)
Maximum Token Supply: 1,000,000,000 SAGA
Initial circulation: 90,000,000 SAGA (9% of the maximum token supply)
Total mining volume: 45,000,000 SAGA (4.5% of the maximum token supply)
Research report: Saga (SAGA) (Research report will be online within one hour of this announcement)
Smart Contract Details: Saga Security Chain
Restrictions: KYC required
Individual hourly mining hard cap
BNB mining pool: 37,500 SAGA
FDUSD Pool: 9,375 SAGA
Background of the project:
There are many projects in the DePIN field, and the previous huge airdrop of 30 million BONKs successfully attracted attention to Saga.
In the DePIN field, crypto phones are more well-known than "cloud phones". In particular, Solana's recently launched Saga phone was sold out under the expected airdrop, and even Solana co-founder Anatoly himself is using it.
Cryptophones are designed with a greater focus on blockchain, cryptocurrency, and decentralized applications than regular iPhones or Android phones. The most common features are enhanced security to protect users' cryptocurrencies and private keys, while some can even run full Bitcoin nodes or even be used for mining.
In July 2022, Solana launched its flagship Android phone, Saga. However, the most eye-catching thing was that Saga airdropped 30 million BONK tokens to each phone owner. By November 2023, the BONK token broke through the resistance level and continued to soar, causing the value of the airdrop to exceed the cost of the phone itself, which turned Saga's fortunes around.
Solana reportedly plans to launch its second-generation crypto in the first half of 2025. Currently, many projects, including Solend, Helius, Chads, and Solcial, have announced airdrops, benefits, and giveaways for Saga 2 owners.
It is understood that on March 7, 2023, the Cosmos ecosystem scalability protocol Saga announced that its community genesis airdrop has been launched. More than 200,000 users have the opportunity to participate in this event, and eligible addresses can apply for up to 60 million SAGA tokens (6% of the total supply). As of 20:00 on March 27, 2024, the airdrop query website has been announced.
Saga's massive airdrop leads to a new way to play with encrypted mobile phones
Expensive prices and half-baked user experiences prevented early attempts at crypto phones from gaining any meaningful traction, but Solana’s Sage phone has succeeded.
Most importantly, however, Saga airdropped 30 million BONK tokens to each phone owner. In November 2023, BONK broke through resistance and continued to soar, causing the value of the airdrop to exceed the cost of the phone itself, and Saga's fortunes changed.
The demand for the Saga phone surged significantly, until December 15, 2023, when all 15,000 Solana Saga phones were sold out in a single day. The frenzy around the phone reached its peak, with the crypto phone, which initially dropped to $599 and was resold for as much as $5,000 on secondary markets such as eBay, according to the company.
After the phone sold out, the hype around the Solana Saga phone further amplified, with various projects announcing a series of additional rewards for Saga phone users, such as Access Protocol distributing 100,000 ACS tokens, Saga Monkes airdropping 8505 NFTs, Solana meme project Samoyedcoin also airdropping 1250 SAMO tokens, and many other projects such as Solend are committed to airdropping tokens to Saga owners, while other projects such as Helium offer benefits such as a one-month free trial of Helium Mobile.
The success of the first generation allowed Saga 2 to achieve 100,000 pre-sales in just 30 days after its release, and other crypto projects also began to launch their own crypto phones. Among them, Aptos announced a partnership with Jambo Technology to launch the JamboPhone, designed for Generation Z users in emerging markets in Africa, Southeast Asia, and Latin America.
airdrop
The first phase of the $SAGA airdrop has ended, and users will receive tokens after the mainnet goes live! However, our $SAGA airdrop is far from over! There are still 5 phases to go!
Many users missed out on claiming during the first phase of the airdrop, and this is an aspect that most people overlook. Please be sure to stake your SAGA, as this may be the standard for the "real" SAGA airdrop (and may also be the standard for future Chainlets airdrops).
After all, the legendary team has proven that they value loyalty, and their chosen distribution strategy also shows that they want to reward true supporters.
Half of the airdropped tokens will be distributed retroactively after the end of Phase 6. This may include airdropping tokens to quality product developers using small chains, the best performing validators, or even valuable community contributors. Once again, Saga values loyalty.
Saga is a Layer 1 that helps developers quickly launch dedicated chains Chainlets. Users can invest BNB and FDUSD into the SAGA mining pool on the website after 08:00 (Eastern Time) on April 5, 2024 to receive SAGA rewards. SAGA can be mined for a total of 4 days.
Binance will list Saga (SAGA) at 22:00 (ET) on April 9, 2024, and open SAGA/BTC, SAGA/USDT, SAGA/BNB, SAGA/FDUSD and SAGA/TRY trading markets.
Project Details
Token Name: Saga (SAGA)
Maximum Token Supply: 1,000,000,000 SAGA
Initial circulation: 90,000,000 SAGA (9% of the maximum token supply)
Total mining volume: 45,000,000 SAGA (4.5% of the maximum token supply)
Research report: Saga (SAGA) (Research report will be online within one hour of this announcement)
Smart Contract Details: Saga Security Chain
Restrictions: KYC required
Individual hourly mining hard cap
BNB mining pool: 37,500 SAGA
FDUSD Pool: 9,375 SAGA
way of participation
Open Binance APP>>Click [Market]>>Select [Discover]>>Click [Launchpad]>>Choose to pledge FDUSD or BNB
Binance Registration Link
https://accounts.binance.com/register?ref=29303232
Binance Newcoin Mining $SAGA will end and trading will start on April 9
In the past two days, $FDUSD has issued a total of 1.111 billion new coins, and its current market value has increased to 3.524 billion. The investment in FDUSD mining has increased by 42% in this period, allowing $BNB's yield to surpass and regain the throne of the golden shovel.
Below is a detailed breakdown of new coin mining participation and mining revenue:
1. Participation in new coin mining
- $BNB: 17.93 million BNB, worth $10.4 billion
- $FDUSD: 2.7 billion in total, accounting for 78.5% of the total circulation
Compared with the previous $ENA mining investment, when only 1.896 billion FDUSD participated, the amount of investment in this period has increased by 42%!
2. BNB vs FDUSD mining income
Calculated as $BNB = $582, $FDUSD = $1.002.
Every 1 BNB can mine 2 SAGA, and every 1 FDUSD can mine 0.003249 SAGA, that is, 582 FSUSD equivalent to BNB can mine 1.89 SAGA.
In this period, BNB's yield rate surpassed FDUSD by 5.8%, regaining the throne of the golden shovel.
3. BNB Mining Yield
Since $SAGA lacks OTC/futures prices as a reference, this tweet will not elaborate on the yield estimation. However, the article published by Odaily includes an inventory of the recent yields of new coin mining. We can wait until the token is launched for comparison, which is also an interesting perspective.
Saga Project Reviews
In the vibrant world of gaming, Web3 games are a disruptor, empowering players with true ownership, unparalleled transparency, and entirely new avenues for monetization. This revolution is driven by community-centric development and marks a paradigm shift in the industry.
At the forefront of this revolution is Saga, which has pioneered an integrated modular infrastructure that not only supports infinitely scalable games, but also fosters a thriving community.
This approach brings groundbreaking games to the forefront of the market, unlocking the full potential of Web3 games. At the same time, it enables seamless transfer of assets in the ecosystem through automatic interoperability and asynchronous composability. Saga's infrastructure has demonstrated its strength by successfully launching 208 chain slices, managing 14.5 million new wallets, and facilitating more than 59 million transactions during the testnet phase. It has consolidated Saga's position as an industry pioneer.
Is Saga Mobile the future of crypto?
Web3 is the next generation of the Internet, and mobile phones are an application terminal. The combination of these two concepts seems to be the most reasonable thing. It should be said that at the beginning of Web3, various manufacturers are just beginning to develop Web3 application terminals (mobile phones). Web3 mobile phones are at least not lagging behind in the future of encryption.
In general, the fundamental difference between Web3 phones and Web2 phones lies in the core interests of users. What Web3 phones need to do is to take the interests of users from large companies and return them to users, and on this basis, derive entertainment and business ecological models that are different from "Web2 phones", such as the metaverse game Star Atlas on the Solana chain, Open sea NFT, etc.
Solana's offline store Solana Spaces opened in New York City. Solana's ideal plan is: Web3 mobile phone serves as a point to connect the entire Solana ecosystem, including the real-world customer base, Solana wallet, SolanaNFT, Solana real cultural space and virtual space.
If we focus on the decentralized nature of Web3, then Salana is just one of them, and Saga mobile phone is just one of the application terminals. Whether the market has mostly accepted crypto companies or their products, and whether Web3 mobile terminals can beat the current mainstream mobile phones in terms of performance and experience, these are all question marks (after all, mobile phones must be sold first before we can talk about Web3 experience).
Summarize;
Saga's infrastructure has demonstrated its strength by successfully launching 208 shards, managing 14.5 million new wallets, and facilitating more than 59 million transactions during the testnet phase. This strong infrastructure has played a key role in strategic collaborations with leading projects such as Celestia, Polygon, and Ava Labs. In addition, Saga will launch a software stack that automatically instantiates subnets and supernets, and work with Celestia Labs to implement a sequencer as a service for rolling architecture. Notably, the collaboration with MarbleX, the blockchain division of Netmarble Corp, aims to solidify Saga's position as an industry pioneer in terms of user acquisition and infrastructure.
