#SAGA is the newest project on Binance Launchpool.
Is it a potential project? Let's find out 👇
What is SAGA?
SAGA is a Layer 1 blockchain protocol designed to streamline Web3 development. It introduces a concept called "Chainlets," which are essentially self-contained blockchains built for specific applications. These Chainlets run alongside the main Saga blockchain, enabling:
Scalability: By distributing workloads across multiple chains, SAGA aims to achieve infinitely scalable architecture.
Interoperability: Chainlets can communicate with each other and the main chain seamlessly.
Security: Chainlets inherit security from the main Saga blockchain through Cosmos Interchain Security (ICS).
The Saga Protocol is a fully decentralized proof-of-stake chain. Each Chainlet has the same validator set and security model as the Saga Mainnet.
With the following features:
HIGH PERFORMANCE
With parallelized appchain instances, Users applications can achieve peak performance and speed.
COSTLESS TRANSACTIONS, LOW & PREDICTABLE CHAIN FEES
Developers can use whatever token (or no token) you like and enjoy commoditized blockspace. No need to worry about other applications affecting their gas fees.
FULLY AUTOMATED
With Saga, getting dedicated blockspace is as easy as deploying a smart contract.
EASY & FAST INTEROPERABILITY
Users can freely and quickly transfer assets between ecosystems using our automatic interoperability and async composability.
FULLY FLEXIBLE STACK
Developers enjoy their own dedicated chains, allowing for optimal flexibility and customizability of the environment.
ELASTICALLY SCALABLE
Infinite horizontal scalability means you will never face performance issues due to lack of blockspace.
In a under 2 years, Saga grew from 0 to 350 projects building on its protocol, 80% of which are gaming, about 10% of projects are NFTs and entertainment, and 10% are DeFi. Saga has also inked partnerships with Polygon, Avalanche, MarbleX, Com2uS, and Celestia to automatically scale their infrastructure using Chainlets.
Saga has raised $15 million, lead by: Samsung, Placeholder, Maven11, Longhash, Com2uS, Polygon, Merit Circle, Figment and Chorus One.
Saga’s mission is to enable the next 1000 chains in gaming and entertainment as part of the growing Saga Multiverse.
Token sales and economics
Binance Launchpool: 4.50% of the total token supply.
Ecosystem and Development: 30.00% of the total token supply.
Airdrops: 15.50% of the total token supply.
Foundation Reserve: 10.00% of the total token supply.
Core Contributors: 20.00% of the total token supply.
Investors: 20.00% of the total token supply.
Most of $SAGA will be locked until March 03, 2024 -> Initial selling pressure will only come from $SAGA holders from Launchpool & Airdrop.
Its farm is NOW LIVE HERE 👈
🔸 Stake your $BNB and $FDUSD to earn $SAGA
🔸 $SAGA will be listed on #Binance at 2024-04-09 14:00 (UTC)
Only over 3 days left to Farm $SAGA on Binance Launchpool
Don't miss out 🔥
Price Predictions
Recent projects on Binance launchpool have been very successful after listing :
Ethena $ENA was launched with a market cap of $430M then x2 after few min and x4 after 2 days
Right now $ENA price stable with $0,9 (x3 compare launchpool price)
Ether.fi $ETHFI was launched with a market cap of $380M and x2 after 10 days
In my opinion, after listing $SAGA Market cap will be around $500M - $700M
With Initial Circulating Supply: 90,000,000 (9% of total supply)
$SAGA price will be around $5.5 to $7.7
The price will adjust down a bit due to selling pressure from Launchpool Farmers & Airdrop but will rebound very soon like $ENA performed
With the recent market FOMO on Binance Launchpool Projects, Especially, after the successful listing of Ethena, I think $SAGA price will x1.5 or x2 in the short term. You should wait for a good entry to be able to buy $SAGA at a good price and earn quite a good profit in the context that Bitcoin price is sideways waiting for macro news and there are not many big waves for altcoins.
Saga has been building the product for 2 years and already has many partners and a sizable community. This is a potential project for long-term investment.
THAT is all my opinion on Saga - The newest project on Binance Launchpool
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Many thanks🙏!
