đđGOOD NEWS FOR SAGA TOKEN đđ
đ„đ„Binance Users Stake Record $13 Billion to Earn Saga Gaming Token Rewardsđđ
đđ Thereâs clear interest in the upcoming token for the Saga layer-1 blockchain network, just days ahead of next weekâs listing. In fact, Binance customers have already broken a record for the most cryptocurrency staked to earn SAGA token rewards via the crypto exchangeâs Launchpool campaign platform.
Binance users have staked more than $13.1 billion worth of Binance Coin (BNB) and the FDUSD stablecoin to earn a share of the 45 million SAGA tokens being offered up through the platform, or half of the token's initial circulating supply.
Saga declared the earlier $13 billion mark a record on Twitter Friday, and based on Decryptâs own analysis of past Launchpool campaigns, that does appear to be the case. Recent Launchpool campaigns for tokens like ENA and ETHFI have come close to the $13 billion mark, but Saga appears to have be the first to break that barrier based on the value of BNB at the time.
Another gaming token, Portal (PORTAL), had previously set a record of $8.6 billion on Binance Launchpool in February. But thanks to the rising price of BNB, every token launch since then has handily surpassed that tally.Decrypt reached out to Binance to confirm whether Saga is indeed the top Launchpool campaign to date based on its internal data but did not immediately receive a response. Binance will list the SAGA token on April 9, and in the meantime, nearly 370,000 users of the exchange are staking varying amounts of crypto to earn SAGA at launch.
Saga is a layer-1 blockchain thatâs designed as a âchain to launch chains.â Multiple such âchainletsâ can be used in parallel to power decentralized apps (dapps), plus they can be used to support apps that were deployed on other blockchain networks.
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