SAGA Introduced By Binance in its 51st Launchpool

Stake BNB or FDUSD to Farm SAGA in Binance 51st Launchpool

Binance which is one of the biggest crypto exchange with more than 150 Million users has announced its 51st Project on Binance Launchpool. The project has introduced SAGA Token, an L1 to launch on L1s. 

Binance Launchpool

Binance Launchpool is a platform that allows users to stake their assets on Binance. By participating, users can earn rewards in the form of new tokens from crypto projects. To get started, log in to your Binance account, navigate to Launchpool, and choose a project to stake your BNB or other supported tokens. It’s a way to engage with emerging projects while potentially benefiting from their growth.

51st Launchpool

The Launchpool will start on 5th April and will last for Four days. In this project, Users will be able to stake their BNB and FDUSD into separate pools to farm SAGA Tokens. Binance will then on 9th April lists SAGA and open trading with SAGA/BTC, SAGA/USDT, SAGA/BNB, SAGA/FDUSD and SAGA/TRY trading pairs. The distribution of SAGA token is based on which Token you stake. BNB token staking covers 80% of rewards and FDUSD covers 20% of rewards.

Basic Details of SAGA Launchpool

• 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

Point to be Noted in this Launchpool

• Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.

• Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.

• 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.

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