Saga is a Layer 1 protocol that allows developers to automatically spin up VM-agnostic, parallelized and interoperable dedicated chains, or “Chainlets”, that provide applications with infinite horizontal scalability. Saga allows developers to launch Chainlets at the click of a button through shared security, cutting-edge validator orchestration and an automated CI/CD deployment pipeline standardized across any kind of blockchain VM. In a little under 2 years, Saga grew from 0 to 350 projects building on its protocol, 80% of which are gaming. Saga has also inked partnerships with Polygon, Avalanche, MarbleX, Com2uS, and Celestia to automatically scale their infrastructure using Chainlets. Saga’s mission is to enable the next 1000 chains in gaming and entertainment as part of the growing Saga Multiverse.

Saga (SAGA) on Binance Launchpool! Earn SAGA tokens through BNB and FDUSD staking

• Token Name: Saga (SAGA).
• Maximum Token Supply: 1,000,000,000 SAGA.
• Launchpool Rewards: 45,000,000 SAGA (4.5% of maximum token supply).
• Initial Circulating Supply: 90,000,000 SAGA (9% of maximum supply).
• Smart Contract Information: Saga Security Chain.
• Staking Requirements: KYC required.

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How to participate

Here is a step-by-step guide to participating in Binance Launchpool projects.

Terms

Use BNB and FDUSD for staking in separate pools and earn SAGA tokens over four days starting from April 5, 2024, at 03:00 (MSK).

Supported Pools

BNB Staking: 36,000,000 SAGA as rewards (80%).

FDUSD Staking: 9,000,000 SAGA as rewards (20%).

Please note:

• User balance snapshots and total pool balances will be taken several times at any moment each hour to calculate the average hourly balances of users and to calculate user rewards. User rewards will be updated every hour.
• Users will be able to accumulate their rewards (calculated every hour) and request these rewards at any time directly to their spot accounts.
• The Annual Percentage Yield (APY) of each pool and the total pool balance will be updated in real-time.
• Tokens can only be placed in one pool at a time. For example, User A cannot place the same BNB in two different pools simultaneously, but can place 50% of their BNB in Pool A and 50% in Pool B.
• Users will be able to withdraw their funds from staking at any time without delays and immediately participate in any other available pools.
• Tokens placed in each pool and any unclaimed rewards will be automatically transferred to each user's spot account at the end of each farming period.
• Binance BNB Vault and Locked Products will support Launchpool. Users who have placed their BNB in BNB Vault and Locked Products will automatically participate in Launchpool and earn new token rewards.
• If more than one Launchpool project is running simultaneously, users' BNB assets in BNB Vault and Locked Products will be divided and distributed evenly across each project unless stated otherwise.
• BNB Vault assets securing collateral for Binance Loans (flexible rate) are not eligible for Launchpool rewards.
• BNB placed in Launchpool will still afford users the standard benefits of holding BNB, such as airdrops, eligibility for Launchpad participation, and VIP benefits.

Our participation

We decided to exit the Dopamine(DOPE) pool on the Bitget crypto exchange, as the token has significantly dropped in value after listing. Over 2 days, we received 127 DOPE coins (currently priced at about $0.2), but we do not plan to sell yet. We transferred our deposit from Bitget to participate in the next launchpool on the Binance exchange. Our previous staking of ENA yielded 2% of the deposit amount in 3 days, which we sold immediately upon listing, although its value has now doubled.

Our results

Farming SAGA on the Binance exchange is completed!

Held 10,000 FDUSD in the pool. Over 4 days, 33.3 SAGA coins were accrued. Listing on April 9, 2024, at 11:00 MSK, let's see how much they can be sold for.

Sold 33.3 SAGA coins at a price of 4.78 for $159 (1.5% of the deposit amount over 4 days).