Binance Launches Saga (SAGA) as the 51st Project on Launchpool!
In an exciting announcement, Binance, one of the leading cryptocurrency exchanges, has revealed that Saga (SAGA) will be the latest addition to its Launchpool platform. This move highlights Binance’s ongoing commitment to driving innovation within the cryptocurrency ecosystem.
Traders can get ready for Saga (SAGA) trading to commence at 17:00 on April 9, 2024, with Binance being the first platform to list the token. As part of the launch, Binance has also introduced an opportunity for users to participate in token farming by staking BNB and FDUSD tokens in separate pools over a four-day period, beginning on April 5, 2024, at 03:00.
Once listed, Saga (SAGA) will be available for trading across various pairs on Binance, including SAGA/BTC, SAGA/USDT, SAGA/BNB, SAGA/FDUSD, and SAGA/TRY. This listing will mark Saga’s entry into the Binance platform, and the Seed Tag will be applied accordingly.
Here are the key details surrounding the Saga (SAGA) Launchpool initiative:
– Token Name: Saga (SAGA)
– Maximum Token Supply: 1,000,000,000 SAGA
– Launchpool Token Rewards: 45,000,000 SAGA (4.5% of maximum token supply)
– Initial Circulating Supply: 90,000,000 SAGA (9% of maximum token supply)
– Smart Contract Details: Saga Security Chain
– Staking Conditions: KYC required
– Fixed Upper Limit per User Hour:
– 37,500 SAGA in BNB pool
– SAGA in the pool of 9,375 FDUSD
– Supported Repositories:
– Stake BNB: 36,000,000 SAGA (80%) as a reward
– FDUSD Share: 9,000,000 SAGA (20%) as a reward
– Farming Period: April 5, 2024, 03:00 – April 8, 2024, 03:59
To calculate user rewards, snapshots of user balances and total pool balances will be taken multiple times every hour during the farming period. Hourly average balances will be utilized for reward determination, and regular hourly updates will be provided.
As always, it is important to remember that this information is not intended as investment advice.