Key Points
- Saga (SAGA) is the 51st project to be shortly launched on Binance Launchpool.
- Users will be able to stake BNB and FDUSD, and the farming is set to start on April 5.
In an official announcement, Binance revealed the 51st project that will be launched later today on Binance Launchpool.
Binance will be the first exchange to list SAGA, with trading starting on April 9, 2024, at 2:00 PM UTC.
Before trading begins, users can farm SAGA tokens by staking BNB and FDUSD in separate pools on Binance Launchpool over four days. Farming is scheduled to begin on April 5.
Available SAGA pairs on Binance Launchpool
The exchange announced the available pairs: SAGA/BTC, SAGA/USDT, SAGA/BNB, SAGA/FDUSD, and SAGA/TRY. The Seed Tag will be applied to SAGA.
The maximum token supply is 1 billion SAGA, and the Launchpool Token Rewards are 45 million SAGA, meaning 4.5% of the maximum token supply.
The Seed Tag is a classification system for cryptocurrencies on their exchange. It highlights tokens that are in early development stages, potentially high-risk, or more volatile than established tokens.
The Seed Tag helps users identify these tokens and the associated investment risks before trading.
Recently, the SAGA project shared some updates regarding the rollout of the mainnet via X, saying that there will be a phased approach to it.
Saga is taking a phased approach to the rollout of our Mainnet. Last year we outlined the stages of our mainnet. Catch up here to see what's on the horizon:https://t.co/6Ow5Nj0Ep9 pic.twitter.com/B3oghqf8eX
— Saga ⛋ (@Sagaxyz__) March 29, 2024
Saga’s co-founder addresses the future of the Internet and Saga’s role in shaping it
Last month, the project detailed more info about their aim in an interview with the co-founder Jin Kwon.
Saga allows developers to automatically spin up parallelized and interoperable dedicated chains that elastically scale with their Web3 application needs.
Kwon explained that the role of the project is to simplify the development process while offering the flexibility and power that modern decentralized applications (dApps) demand.
He also highlighted the importance of the Internet’s future, which is decentralized, and the need to tackle blockchain’s scalability issues and high costs.
“Saga addresses these challenges by providing a simplified, yet robust, ecosystem that encourages innovation and supports exponential growth of the decentralized web.”
The project’s webpage on Binance Launchpool will become available in a few hours with more details.
