Binance has announced its 51st project on Binance Launchpool – Saga (SAGA), a Layer 1 blockchain protocol designed to streamline Web3 development. Saga introduces the concept of “Chainlets,” which are self-contained blockchains tailored for specific applications. Discover Saga (SAGA) on Binance Launchpool and the information about the Saga airdrop, let’s read further in this article.
What is Saga (SAGA)?
Saga is a Layer 1 protocol enabling developers to effortlessly deploy VM-agnostic, parallelized, and interoperable dedicated chains known as “Chainlets” for applications, offering infinite horizontal scalability. Through shared security, advanced validator orchestration, and a standardized automated CI/CD deployment pipeline across blockchain VMs, developers can launch Chainlets with a simple click.
In less than two years, Saga has seen remarkable growth, attracting 350 projects leveraging its protocol, with 80% focused on gaming. Additionally, Saga has forged strategic partnerships with Polygon, Avalanche, MarbleX, Com2uS, and Celestia to facilitate automatic infrastructure scaling using Chainlets.
Read more: Saga Price Prediction: Comprehensive Token Forecast in 2024
Details about the Saga Farming campaign on Binance Launchpool
Binance Launchpool offers an exciting opportunity to get Saga the 51st project on Launchpool before listing SAGA on the exchange. Here’s how you can participate:
- Verify your Binance account: Make sure you have verified your account to be eligible to stake in the launchpools. Don’t have a Binance account yet? Register here
- Stake your BNB / FDUSD in the pools: Earn SAGA tokens by staking your current holdings of BNB or FDUSD on Binance Launchpool.
- Claim your rewards and trade: Once the farming duration ends, you need to claim all your rewards in SAGA tokens (you can claim the rewards at any time), and then get ready for the token listing at 2024-04-09 14:00 (UTC) and open trading with SAGA/BTC, SAGA/USDT, SAGA/BNB, SAGA/FDUSD, and SAGA/TRY trading pairs
SAGA Launchpool Details:
- Token Name: Saga (SAGA)
- Max Token Supply: 1,000,000,000 SAGA
- Launchpool Token Rewards: 45,000,000 SAGA (4.5% of max token supply)
- Initial Circulating Supply: 90,000,000 SAGA (9% of max token supply)
- Smart Contract Details: Saga Security Chain
- Staking Terms: KYC required
- Hourly Hard Cap per User:
- 37,500 SAGA in BNB pool
- 9,375 SAGA in FDUSD pool
Supported Pools:
- Stake BNB: 36,000,000 SAGA in rewards (80%)
- Stake FDUSD: 9,000,000 SAGA in rewards (20%)
- Farming Period: 2024-04-05 00:00 (UTC) to 2024-04-08 23:59 (UTC).
SAGA Farming Distribution*
| Dates (00:00:00 – 23:59:59 UTC each day) | Total Daily Rewards (SAGA) | BNB Pool Daily Rewards (SAGA) | FDUSD Pool Daily Rewards (SAGA) |
| 2024-04-05 – 2024-04-08 | 11,250,000 | 9,000,000 | 2,250,000 |
*Throughout the farming period, the accumulated amounts represent users’ entitlement to an equivalent number of SAGA tokens during the Token Generation Event (TGE), scheduled to occur on April 9, 2024.
Currently, users residing in the following countries or regions will not be able to participate in farming SAGA: Australia, Canada, Cuba, Crimea Region, Iran, Japan, New Zealand, Netherlands, North Korea, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine.
Regarding the SAGA Binance Launchpool, there are some points that you should note:
- Hourly snapshots of user balances and total pool balances are taken multiple times each hour to calculate users’ average balances and entitlement to rewards.
- Users can accumulate and claim their rewards (calculated hourly) directly to their spot accounts at any time.
- Each pool’s annual percentage yield (APY) and total pool balance are updated in real time.
- Users can stake tokens in only one pool at a time but can distribute their tokens across multiple pools.
- Users can unstake their funds at any time with no delay and participate in other available pools immediately.
- At the end of each farming period, tokens are staked in pools, and any unclaimed rewards are automatically transferred to users’ spot accounts.
- Staked BNB in Binance BNB Vault and Locked Products automatically participates in the Launchpool and receive new token rewards.
- If multiple Launchpool projects are running concurrently, users’ BNB assets in BNB Vault and Locked Products are split equally among the projects unless specified otherwise.
- BNB assets collateralizing Binance Loans (Flexible Rate) in BNB Vault are not eligible for Launchpool rewards.
- BNB staked in Launchpool continues to provide standard benefits such as airdrops, Launchpad eligibility, and VIP benefits.
How to claim the Saga Community Genesis Drop
On Jan 4, Saga announced the eligibility for the community to earn the Saga Community Genesis Airdrop, mostly for people who staked TIA, ATOM, MATIC, AVAX & used Polygon zkEVM:
- Stakers $AVAX – 📸 October 20, 2023
- Stakers 23+ $TIA – 📸 December 1, 2023
- Stakers 25+ $ATOM – 📸 October 20, 2023
- Stakers 300+ $MATIC – 📸 October 20, 2023
- More than 0.4 $ETH bridged using Polygon ZKEVM – 📸 October 20, 2023
How to claim the Saga Community Genesis Airdrop
In conclusion, we hope you participated and became one of the eligible winners to receive the SAGA token before its listing on Binance in the Community Genesis Drop. Congratulations if you are selected! The Binance Launchpool offers your last opportunity to acquire SAGA before it is listed on Binance on April 9, 2024, at 14:00 (UTC). Make the most of our launchpool information and farm the SAGA token as much as you can!
