BNB Gold Shovel attributes continue to be enhanced,$ENA Just after a wave of profits, the new Launchpool came to make a lot of money again, and SAGA started digging:
Most importantly, the new coins launched on BN have performed well recently. Whether it is ENA or the previous ETHFI, they have achieved several times the return after opening.
Saga is the L1 of the Cosmos system that has always been very popular. This time, Binance chose it. I think the valuation is reasonable between 1.5 billion and 3.5 billion. If the market is good, it can reach 4 billion, which is still worth participating in.
You can put your estimate in the comment area.#Saga The listing price, and the price range you might buy at when it opens;
Binance has launched the 51st Saga mining; this mining will last for a total of 4 days, and you can use BNB and FDUSD to pledge to obtain the Saga token ($SAGA).
This article mainly analyzes the following through research on related tracks and projects:
1.What exactly is Saga?
2. Saga’s Token Model
3. What is the estimated price when it goes online?
4. Binance related research reports
1. What is Saga?
Saga is a Layer 1 blockchain based on Cosmos, mainly targeting the gaming and entertainment fields, allowing developers to self-launch parallel and interoperable dedicated chains.
It pioneered an integrated modular infrastructure using the cosmos SDK, leveraging its comprehensive toolset and SagaOS platform to introduce dedicated scalable blockchain Chainlets for deploying smart contracts.
Saga aims to be the scalability layer of Web3 infrastructure. Its 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, do not rely on other applications using Saga, easy to upgrade and relieve congestion.
So far, Saga has received US$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, and its future goal is to become a "general infrastructure platform" that can serve various 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.
2. 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)
Initial circulation: 90,000,000 $SAGA (9% of the maximum token supply)
Total Token Supply: 1,000,000,000 $SAGA
Binance Launchpool allocation: 45,000,000 $SAGA (4.5% of total token supply)
3. Online price estimate
According to the calculation of the previous BNB pool, the average annualized rate of return of the first ten periods is 116%. Assuming that the annualized rate of return of this mining is also 116%;
Based on 4 days of mining, the price of the token is 3.8 USDT. Based on the minimum yield of 48%, the guaranteed price is 1.5 USDT.
Based on the fair price, Saga's initial market capitalization is $342 million and its FDV is $3.8 billion;
Based on the guaranteed price, Saga's initial market value is US$135 million and its FDV is US$1.5 billion.
IMX, which is also a game chain, currently has a FDV of 5.5 billion. In summary, the reasonable opening price of the Saga ($SAGA) token is between 2.5-4u.
The opening price will most likely be above 3U. If it is below 3U, buy some if necessary.
Key indicators
Token Distribution
4. Binance related research reports
You can search for relevant research reports on Binance
Opening time: 22:00, April 9, 2024
