Binance has the mention of SAGA token on its platform. This highly anticipated offering is scheduled for April 9 and marks the arrival of Saga Mainnet. Investors and enthusiasts alike are eagerly awaiting this launch as it not only signals the growth of the market Saga Network but also offers new opportunities for crypto enthusiasts.
Saga Token Launch Pool
To celebrate the listing of the SAGA token on Binance, the exchange has introduced a Launchpool program. This program allows customers to earn tokens through Binance Coin (BNB) or FDUSD stablecoin. As a reward, half of the initial circulating supply of SAGA tokens will be distributed to Launchpool participants.
SAGA’s initial circulating supply is set at 90 million tokens, which accounts for 9% of the total supply. This means that users can earn a significant portion of tokens by participating in the Launchpool program.
Introduce @Sagaxyz__ $SAGA on #Binance Launch Pool!
Farm $SAGA by turning off #BNB And $FDUSD.
https://t.co/azwoqeTgew pic.twitter.com/g0lC0FjZkx
— Binance (@binance) April 4, 2024
Since the announcement of the Launchpool program, there has been a huge response from Binance users. To date, approximately $3.8 billion has been invested by 109,000 BNB users and approximately 82,000 FDUSD users. This overwhelming participation is a testament to the popularity and potential of the Saga Network.
Unfortunately, not all countries will be able to participate in the Launchpool program. Residents of the United States, Canada, Japan and Australia are excluded from this campaign. Binance provided a detailed list of countries in their official announcement for Saga on Launchpool.
What is the saga?
The Saga Network is a layer 1 blockchain that offers a unique chainlets architecture. This architecture allows the launch of other chains, making it easier to host decentralized apps (dapps) and projects from other blockchains on the network. This feature has made Saga an attractive platform for gaming-related projects.
Of all projects hosted on Saga’s testnet, approximately 80% are gaming related. The network has already hosted successful play-to-airdrop tournaments and collaborated with games from other blockchains such as Solana and Avalanche. This has caused a stir in the gaming community as gamers can now earn tokens while playing their favorite games.
The recent Saga airdrop was a huge success, with over 200,000 wallets eligible for tokens. Participation options have expanded to play-to-airdrop winners, DeFi stakers on networks like Cosmos and Polygon, and owners of notable NFTs like CryptoPunks and Bored Ape Yacht Club.
Binance Gaming Tokens
Binance Launchpool has been a key platform for the launch of several successful gaming tokens, including PIXEL and PORTAL in 2021. The overwhelming response to these launches underlines the growing interest in gaming-related projects within the crypto community.
With the upcoming listing of the SAGA token on Binance, there is no doubt that it will attract significant attention from investors and gamers alike. The launch of Saga Mainnet marks a major milestone for the network and it will be interesting to see how it continues to develop in the future. Stay tuned on April 9 as excitement builds for the highly anticipated arrival of SAGA on Binance’s mainnet.
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