Recently, Binance's new coins have performed well, such as ena, which makes me most heartbroken.

Let me tell you about Binance's new mineable coin saga.

Saga is a Layer 1 project that helps developers quickly launch dedicated chain Chainlets.#Sagahas raised $15 million. Investors include Placeholder, Maven11, Longhash, Samsung, Com2uS, Polygon, Merit Circle, Figment and Chorus One. The facelift is very powerful. Saga shared security is similar to Eigenlayer staking, because one staking asset is reused to protect multiple chains. Chainlet can be configured to use various virtual machines (ie EVM, SolanaVM, MoveVM).

Each Chainlet has a dedicated VM that is deployed to a single chain. EVM is the first VM supported by Saga Chainlets. Saga enables developers to manually "shard" various workflows into multiple Chainlets to facilitate horizontal expansion. Since all Chainlets communicate with each other, developers can have multiple chains supporting the same application, enabling unlimited horizontal scalability.

Saga has established deep cooperative relations with multiple L1 protocols such as#matic#avax #cele. In March this year, it launched the Saga Origins chain focusing on games.

In fact, Saga has been providing blockchain solutions for game and entertainment developers since 22 years (Figure 1), and the investment institutions are very strong.

The total amount of the project is 1 billion, 90 million are in circulation, the cumulative financing amount is 15 million yuan, and investors account for 20%. The circulation volume of the project is relatively small in the early stage, and there will be a relatively large unlocking selling pressure in March 2025.

Saga is currently mining on Binance. It can be pledged for BNB and fdusd mining, and the years are considerable.

I personally estimate that the launch price is about 3-4U. If it is lower than the estimated price, you can buy the bottom. I have never lost money when buying the new coins launched on Binance recently.

ps: Learning from the painful experience of selling#ENAlast time, I will definitely hold it and not sell it when it opens.