You're looking for an investment project with almost guaranteed profitability?
You 're holding onto $BNB and $FDUSD without knowing how to profit in the current unpredictable Bitcoin price scenario?
This article is for you.
New Binance Launchpool Listing: Saga ($SAGA)
#SAGA is a Layer 1 blockchain protocol designed to streamline Web3 development. It introduces a concept called "Chainlets," which are essentially self-contained blockchains built for specific applications. These Chainlets run alongside the main Saga blockchain, enabling:
Scalability: By distributing workloads across multiple chains, SAGA aims to achieve infinitely scalable architecture.
Interoperability: Chainlets can communicate with each other and the main chain seamlessly.
Security: Chainlets inherit security from the main Saga blockchain through Cosmos Interchain Security (ICS).
Who Can Participate in Binance Launchpool?
What you need to participate in the SAGA staking event:
A verified account on Binance.
Holding BNB or FDUSD ready for staking.
An understanding of Binance's staking mechanics.
Step-by-Step Guide to Staking Crypto on Binance Launchpool
Log into Your Binance Account: Access your Binance account. If you don't have one, you'll need to create your Binance account and verify it.
Launchpool Discovery: Under the "More" section, locate and select Launchpool.
Select SAGA Event: Look for the SAGA staking event and click on it to proceed.
Choose Your Staking Asset: Decide whether you'll stake BNB or FDUSD. Ensure you have sufficient balance in your spot wallet, then click on “Stake”.
Stake Your Assets: Follow the instructions to allocate the amount of $BNB or $FDUSD you wish to stake in the SAGA event. When the amount is set, the “Stake” button will turn yellow allowing you to proceed finalizing your staking to start earning SAGA rewards.
Redeem Your Assets: Users may redeem their staked assets at any time, by clicking “Redeem”.
7. Track, Claim, and View Your Rewards: “My Rewards” displays rewards you've yet to collect, with refreshes every hour. You can tap on “Claim Rewards” to transfer your deserved tokens to your Spot Wallet whenever you desire. To see your claimed rewards or your distribution timeline, select “Launchpool History”.
Is Binance Launchpool Profitable?
Recent projects on Binance launchpool have been very successful after listing :
Ethena $ENA was launched with a market cap of $430M then x2 after few min and x4 after 2 days
Right now $ENA price stable with $0,9 (x3 compare launchpool price)
Ether.fi $ETHFI was launched with a market cap of $380M and x2 after 10 days
In my opinion, after listing $SAGA Market cap will be around $500M - $700M
With Initial Circulating Supply: 90,000,000 (9% of total supply)
$SAGA price will be around $5.5 to $7.7
The price will adjust down a bit due to selling pressure from Launchpool Farmers & Airdrop but will rebound very soon like $ENA performed
With the recent market FOMO on Binance Launchpool Projects, Especially, after the successful listing of Ethena, I think $SAGA price will x1.5 or x2 in the short term.
You should wait for a good entry to be able to buy $SAGA at a good price and earn quite a good profit in the context that Bitcoin price is sideways waiting for macro news and there are not many big waves for altcoins.
Saga has been building the product for 2 years and already has many partners and a sizable community. This is a potential project for long-term investment.
Here is a detailed guide on how to Farm SAGA on Binance Launchpool step by step.
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