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The launch of the SAGA Crypto Coin on Binance's Launchpool marks an exciting milestone in the crypto space. Here's a breakdown of what you need to know:
1. **Introduction to SAGA**:
- SAGA is a Layer 1 protocol designed to provide developers with "Chainlets," enabling the creation of applications with limitless horizontal scalability.
- Backed by a $15 million investment, SAGA has formed strategic partnerships with industry leaders such as Polygon, Avalanche, Celestia, Marble, and Com2uS.
2. **Token Farming**:
- During the Sponsored Farming period from April 5 to April 9, users can stake their BNB and FDUSD in separate pools on Binance Launchpool to earn SAGA tokens over four days.
- Following this period, Binance will list SAGA at approximately 14:00 (UTC).
3. **Trading Pairs**:
- SAGA will debut with five trading pairs: SAGA/BTC, SAGA/USDT, SAGA/BNB, SAGA/FDUSD, and SAGA/TRY.
- The total supply of SAGA is capped at 1,000,000,000 tokens, with 45,000,000 allocated for Binance Launchpool rewards.
4. **Use Cases**:
- SAGA tokens have multifaceted utility, including staking and governance functionalities.
- Developers leveraging the Saga Protocol utilize SAGA tokens to compensate network validators and sustain the vitality of their Chainlets.
The launch of SAGA on Binance's platform presents an opportunity for users to participate in token farming and engage with a promising Layer 1 protocol with extensive scalability potential.