The new phase of Binance Launchpad is here. I didn’t expect it to be $SAGA (named after the Fourth Prince). Let’s talk about what this Fourth Prince is.

$SAGA is a Layer 1 track project on which a proprietary chain can be customized. This is a protocol that facilitates the work of developers and is flexible and scalable according to their needs. And $SAGA is the governance token of this protocol.

1️⃣By staking $SAGA, you can get token airdrops of projects built on the Saga protocol.

2️⃣$SAGA holders have voting rights on relevant decisions.

3️⃣Developers pay $SAGA tokens to network validators.

Project financing:

Two rounds of financing of $11.5 million. Investors include Placeholder, Polygon Lab, GSR, Figment, Chorus One and many other institutions.

Token economics:

Total 1 billion tokens, institutional valuation 130 million, initial circulation 90 million, mining pool tokens 45 million, plus IEO price 0.075U, so the institutional cost price is approximately equal to 0.1U. Just mentioned that the institution raised $11.5 million, investors allocated 20%, the institutional market value is about $52 million, then according to the previous general opening of 3 times, the opening price is around 3U. Then the bull top price is based on the consistent strong performance of the GameFi concept in the bull market, and the bull top price is not excessively given to the range of 15U-20U.