2024.04.06
Background of the project
SAGA.xzy is a Layer1 protocol that can help developers quickly enable dedicated blockchains. It allows developers to easily create dedicated chains with virtual machine independence, parallelization, and interoperability. Developers can create chainlets on any blockchain with simple operations and can choose a profit model that suits their needs, including using their own tokens or no tokens. Saga provides the ability to automate the creation of chainlets and deploy chains using advanced validator coordination and continuous integration/continuous deployment (CI/CD) pipelines.
SAGA has currently raised $15 million in funding, with investors including Placeholder, Maven11, Longhash, Samsung, Com2uS, Polygon, Merit Circle, Figment and Chorus One. Its Layer 1 protocols include Polygon, Avalanche, Celestia, MarbleX and Com2uS.
Why is it worth it?
$SAGA token is the core of Saga protocol, and undertakes multiple key functions, including Chainlet payment, staking and rewards, governance participation, etc. The total number of tokens is 1,000,000,000 (1 billion), the initial issuance is about 9% of the total supply, 90,000,000 (90 million), and Binance Launchpad allocates 4.5% of the total, which is half of the initial circulation: 45,000,000 (45 million).
Saga's goal is to include 1,000 future game and entertainment chains into the Saga Metaverse. Currently, 350 projects have been launched based on the Saga protocol, 80% of which focus on the game field. In addition, Saga has also established strategic partnerships with industry giants such as Polygon, Avalanche, MarbleX, Celestia, Com2uS and MarbleX. SAGA has solid overall technical strength, investment resources, and a good lineup of partners. It is a high-quality project with a good balance in all aspects.
Binance Launchpad has opened staking mining for $SAGA tokens for 4 days, which will end at 8:00 (UTC+8) on April 9. The token allocation ratio of Launchpad is very high, which is half of the total supply of the initial coin issuance, which shows the team's pattern and the subsequent performance is also worth looking forward to.
Operation Tutorial
⭐️Ee's An'an registration link: , invitation code: RB1GCG3B
Browser Operation
If you already have an account, just click to log in. After logging in, find Launchpad and coin mining in the upper left corner. Click to enter.
Friends can choose the currency they want to stake for mining. FDUSD is a stable currency, BNB is the Binance platform currency, and is also the golden shovel for Launchpad mining. You can buy it directly on the pledge page, or go to Venus to pledge U, BTC, ETH, etc. to borrow BNB for pledge mining.
Mobile APP operation
Find the new coin launch page on the homepage, click SAGA (new coin mining) to enter the Launchpad page, then select FDUSD or BNB and click Stake again to enter the Stake page to stake~
SAGA staking mining will end at 8:00 (UTC+8) on April 9, and Saga (SAGA) trading will be launched at 22:00 (UTC+8) on the same evening. Don’t miss it!
Project Summary
According to E-E's calculations, the annualized yields of ENA and ETHFI staking BNB in the last two periods are around 170%-180%~
This time, we assume that the estimated SAGA opening price is 3u, and the return rate of staking bnb is about 95%. According to the opening price plan of 5U, the return rate is about 158%. The data is for reference only, please DYOR~
If you have idle BTC or ETH, you can also go to https://venus.io/
You can borrow BNB from Launchpad to participate. Generally, the interest rate of BNB loans during Launchpad fluctuates around 30-70%.
