The arrival of the SAGA mainnet seems imminent, and the SAGA token itself has a launch date, thanks to major cryptocurrency exchange Binance, which announced a Binance Launchpool program to reward customers who hold SAGA tokens for other coins, while half of the initial circulating supply will be available through a promotion.

Binance download registration address: https://www.binance.com/zh-CN/join?ref=565010509

Binance will list the SAGA token on April 9, and until then, Binance customers can deposit Binance Coin (BNB) or FDUSD stablecoins into the reward pool through the Launchpool website to receive a share of the tokens at launch.

SAGA will have an initial circulating supply of 90 million tokens (9% of the total supply), half of which will be available to stake holders on Launchpool. Since its launch late Wednesday, customers have staked nearly $3.8 billion worth of funds between the two coins, with 109,000 users staking BNB and about 82,000 staking FDUSD.

Saga Network is advertised as a layer 1 blockchain that can be used to launch other chains due to its "chainlets" architecture. This allows projects to unify multiple chainlets to power a single application, or allows projects built on other blockchains to leverage Saga to help support their decentralized applications (dapps).

So far, Saga has emerged primarily as a gaming network, with around 80% of testnet projects falling into that category, even though it is not specifically designed for that use case.

However, Saga is leaning very much into this vibe. From December to February, Saga held a number of “instant airdrop” tournaments and competitions in various games, where winning players could receive allocations of token airdrops. Saga also partnered with chain games such as Solana and Avalanche to hold similar events.

The Saga airdrop claim took place in March and recently ended, with a total of more than 200,000 wallets eligible to receive tokens. This includes airdrop winners, DeFi stakers on chains such as Cosmos and Polygon, and owners of well-known NFTs such as CryptoPunks and Bored Ape Yacht Club.

The actual token will go live on April 9, and Binance said it will be the first exchange to list the token. Saga recently announced that its mainnet will launch in April, and it will also launch an internal game publishing division called Saga Origins.

So far, Binance Launchpool has launched two other notable game token events in 2024 — in fact, the two largest game token launches of the year, based on each coin’s peak market cap. Pixels (PIXEL) and Portal (PORTAL) both debuted through the platform, with Portal receiving a record $8.6 billion in cryptocurrency bets through Launchpool.

Residents of many countries, including the United States, Canada, Japan, and Australia, are not eligible to receive rewards on Binance Launchpool. Saga’s Launchpool announcement provides a full list of countries.