Important: Binance will be the first platform to list this token, and trading will open on April 9, 2024 at 16:00 (GMT+8). Any claims of selling this token before the stated timeline are false advertising. Please do your own research to ensure the safety of your funds!
Dear User:
Binance Launchpool now supports the 51st project - Saga (SAGA), a Layer 1 that helps developers quickly launch specialized chains, Chainlets.
Users can invest BNB and FDUSD into the SAGA mining pool on the website after 08:00 (GMT+8) on April 5, 2024 to receive SAGA rewards. SAGA can be mined for a total of 4 days. The website is expected to be updated within about five hours of this announcement before the mining activity is opened.
New Coin Listing
Binance will list Saga (SAGA) at 16:00 (ET8) on April 9, 2024, and open SAGA/BTC, SAGA/USDT, SAGA/BNB, SAGA/FDUSD and SAGA/TRY trading markets, subject to seed tag trading rules.
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
Mining Pools:
BNB Mining Pool (the website will be updated within five hours of this announcement and before the mining activity starts): A total of 36,000,000 SAGA can be mined (accounting for 80%)
FDUSD Mining Pool (the website will be updated within five hours of this announcement and before the mining activity opens): A total of 9,000,000 SAGA can be mined (accounting for 20%)
Mining time: 08:00 on April 5, 2024 to 07:59 on April 9, 2024, GMT+8
Mining quota phase allocation*
Note: The above table uses UTC time every day, which is converted into 08:00:00 am on the same day to 07:59:59 am the next day in GMT+8 time.
*The tokens accumulated by users during the mining period represent the right for users to receive the same number of SAGA tokens in the token generation event held on April 9, 2024.
Notice:
Binance will randomly take multiple snapshots of user holdings and the total holdings of the mining pool every hour to calculate the user's average hourly holdings and calculate mining rights;
Users can collect mined tokens (the reward amount is updated every hour) to their spot accounts at any time;
The annualized income and total holdings data of each mining pool will be updated in real time;
Each mining pool calculates annualized returns separately. Users can flexibly allocate tokens to corresponding mining pools, but multiple mining of one coin is not supported;
Users can redeem tokens from a mining pool and transfer them to other mining pools at any time;
After all the tokens in the mining pool are mined, the assets involved in the mining and the tokens that have not yet been claimed will be automatically returned to the user's spot account;
Binance BNB Revenue Pool and BNB Regular Products will support the new coin mining in this period. The BNB in the BNB Revenue Pool and BNB Regular Products will automatically participate in the new coin mining;
When there are multiple new coin mining projects running at the same time, unless otherwise specified, the BNB in the BNB Revenue Pool and BNB Periodic Products will be evenly distributed to multiple new coin mining projects;
If BNB income pool assets are used as collateral for current loan, users will not be able to obtain new coin mining income;
BNB transferred to the mining pool will still enjoy the holding statistics of BNB's standard benefits, such as airdrops, Launchpad holding statistics, VIP benefits, etc.
Related Links
Official Website
white paper
Medium
X
Discord
Telegram
Whether a user can participate in Launchpool is subject to restrictions in the country or region where they are located. Please refer to the prompts on the Launchpool page for details.
Please note that the list of restricted countries or regions below is not comprehensive and may be updated as local laws, regulations and other considerations change.
Users must complete identity verification (KYC) and are not in the following countries or regions to participate in the new coin mining.
Currently, users residing in the following countries or regions cannot participate in SAGA new coin mining: Australia, Canada, Cuba, Crimea, Iran, Japan, New Zealand, the Netherlands, North Korea, Syria, the United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands and the U.S. Virgin Islands), any non-government-controlled areas of Ukraine.
The list of restricted countries or regions may be updated periodically as legal, regulatory and other factors change.
Note: There may be discrepancies between the original English version and the translated version. If there are any discrepancies, please refer to the original English version for the latest or most accurate information.
Thank you for your support!
Binance Team
April 04, 2024
Note: This announcement was updated on April 8, 2024, and the listing time of Saga (SAGA) was updated from 22:00 on April 9, 2024 (GMT+8) to 16:00 on April 9, 2024 (GMT+8); relevant instructions were added to this announcement on April 4, 2024.
