The extremely attractive new project just launched on Binance Launchpool is saga.xyz (SAGA) - the 51st launchpool project with huge opportunities for all investors on Binance.
Just stake BNB or FDUSD, you will receive SAGA tokens with x1000 price appreciation potential
Analysts predict SAGA will be the next "bomb" after the success of $ENA (the previous extremely successful 50th launchpool on Binance). This is a rare opportunity to participate in a potential project early. SAGA's Tokenomics and Utility Case are truly attractive, promising a long-term flight
So what's special about SAGA? How to participate in this shocking event on Binance? Let's take a look at the detailed article about this super platform!
What is Saga.xyz (SAGA)?
A special layer 1 protocol, allowing the creation of parallel blockchains and interoperability between them. This means Saga wants to change the way developers and end users interact with blockchain. Using a common security system and improved confirmation management, Saga is creating a groundbreaking blockchain platform.
What's interesting about Saga is that it makes launching independent blockchains, called "Chainlets", as easy as deploying smart contracts. This means you can create your own blockchain quickly and conveniently. In addition, Saga also supports maximum extension layer features for Web3 infrastructure, helping to connect to different applications and services flexibly.
The Saga project has made significant progress in modularizing the Cosmos stack. This makes deploying the application chain much easier, in just a few hours instead of months like before. To prove Saga's impressiveness, the project has completed Pegasus Testnet V1, SSC Testnet V1 and is currently preparing for Saga Testnet - the final preparation step before mainnet launch.
Saga is creating a significant change in the blockchain world. With the ability to create independent blockchains and interoperability between them, Saga promises to bring a lot of potential and opportunities to the crypto community.
Saga's main media channels
Website: http://saga.xyz/
Medium: https://medium.com/sagaxyz
X: https://twitter.com/Sagaxyz__
Discord: https://discord.com/invite/UCRsTy82Ub
Telegram: https://t.me/sagaofficialchannel
Whitepaper: https://sagaxyz.cdn.prismic.io/sagaxyz/08e727f2-88a2-4c95-ad17-b0b9579d2b69_saga-litepaper-march-2022.pdf
Launchpool saga.xyz (SAGA) event on Binance
You can participate in SAGA's Launchpool event from April 5, 2024 to April 8, 2024. During this time, to farm SAGA tokens, you can stake BNB and FDUSD in two separate pools.
Details about SAGA launchpool on Binance
Token: Saga (SAGA)
Maximum total supply: 1,000,000,000 SAGA
Launchpool reward: 45,000,000 SAGA (4.5% of maximum total supply)
Initial circulating supply: 90,000,000 SAGA (9% of total maximum supply)
Smart Contract Details: Saga Security Chain
Hourly hard limit per user:
Pool BNB: 37.500 SAGA
Half FDUSD: 9.375 SAGA
Supported pools:
Stake BNB: Reward 36,000,000 SAGA (80%)
Stake FDUSD: Reward 9,000,000 SAGA (20%)
Farming time: 00:00 (UTC) April 5, 2024 to 23:59 (UTC) April 8, 2024
Instructions to join the SAGA launchpool on Binance
Log in to your Binance account.
Visit the Launchpool page.
Choose pool BNB or FDUSD.
Enter the amount of BNB or FDUSD you want to stake.
Click "Stake".
Note:
You must complete KYC verification to participate in the event.
You can only stake tokens in one pool at a time.
You can withdraw staked tokens at any time without delay.
Why should you join SAGA's Launchpool event?
SAGA is a promising L1 project with a strong development team.
The Launchpool event is a great opportunity for you to own SAGA tokens before listing.
You can earn free SAGA rewards by staking BNB or FDUSD.
Don't miss this opportunity to join SAGA's Launchpool event and become part of the L1 revolution
Saga: Breakthrough solution for the Web3 world
In the vast Web3 universe, Saga emerges as a shining star, providing a unique and powerful platform for developers. With the goal of "Unblock the Unblockable", Saga solves the core challenges of Web3, opening the door to unprecedented innovation and growth.
Saga's power
Saga is not just a protocol, but a comprehensive "Integrated Stack", providing developers everything they need to build groundbreaking Web3 applications. Saga's outstanding features include:
High performance: Saga enables multiple parallel thread deployments, delivering exceptional performance and speed for Web3 applications.
Free Transactions: Users have the freedom to choose whether or not to use the token, eliminating dependency on other applications and fluctuating gas fees.
Fully automated: The blockchain deployment process on Saga is automated, making it easy for developers to deploy specialized chains such as smart contract deployment.
Interoperability: Saga enables easy asset transfer between ecosystems through automated interoperability and asynchronous integration.
Flexible Stack: Saga offers a highly customizable stack that meets diverse developer needs.
Scalability: Saga's platform is infinitely horizontally scalable, ensuring that participants never encounter performance issues due to lack of block space.
Saga's vision
Saga believes that the future of Web3 lies in empowering developers. By providing a powerful and easy-to-use platform, Saga helps developers realize their vision and build Web3 applications that will shape the future of the internet.
The Web3 revolution with Saga
If you are a developer looking for a groundbreaking platform to build your Web3 applications, Saga is the perfect choice. Join the Saga community today and become part of the Web3 revolution.
Decoding Saga's multi-dimensional blockchain ecosystem
A multi-dimensional blockchain ecosystem, providing a playground for innovative developers and a safe environment for users. Let's explore the unique structure of the saga:
Saga Mainnet: The heart of the system
Saga's mainnet is like a full-fledged playground where smart contract developers can unleash their creativity. They can request Saga Chainlet, a private blockchain designed specifically for each application.
Saga Chainlet: Application-specific blockchain
Chainlet is like its own little world, protected by a layer of security called information supply chain (ICS). Developers can deploy smart contracts on Chainlet, creating custom decentralized applications.
Saga Authenticator: Guardian Team
Saga validators act as guardians for the Mainnet. They ensure that other Chainlets follow set rules, called service level agreements (SLA).
SLA: Rules of the game
An SLA is like a contract, stating uptime, service, and authentication requirements. If a Chainlet violates the SLA, the information will be relayed back to the Mainnet via Inter-Blockchain Communication (IBC).
IBC: Bridge between worlds
IBC is a magic that allows information to move between Chainlet and Mainnet. Thanks to this, applications on Chainlet can communicate with each other and with the Mainnet.
Modular: Build to your liking
Chainlet can be customized using various modules, such as EVM, Cosmwasm, SolanaVM, MoveVM. This is like having a huge toolbox to build blockchain applications exactly how you want.
Introducing Saga's Tokenomics
Saga introduces a novel token model, different from other crypto projects. In this model, the end user will pay transaction fees to the application developer (Chainlet) instead of paying directly to the Saga Mainnet network. The developer will then pay the subscription fee to Saga Mainnet using the $SAGA token.
The role of SAGA token
The $SAGA token plays the main role of:
Pay subscription fee to Saga Mainnet: To operate a Chainlet on Saga, developers must pay a subscription fee in $SAGA to validators on Saga Mainnet.
Validator rewards: The $SAGA token is also used to reward validators who contribute to the security and maintenance of the Saga network.
With this token model, developers have great flexibility in determining how to collect fees from end users. This fee can be set in $SAGA, popular coins such as ETH, USDC or even a private token created by the developer.
Unique and versatile
The uniqueness and flexibility of Tokenomics Saga lies in separating the token flow into 2 parts: from users to developers, and from developers to Mainnet.
This opens up more flexible business models for developers than conventional platforms, such as applying freemium models, advertising, or pricing transaction fees in the form of subscriptions.
Saga's tokenomics provides flexibility and innovation to application developers while ensuring the safety and decentralization of the network.
Roadmap SAGA
Saga promises to bring significant improvements, especially in the field of gaming and entertainment.
Q4 2023:
Open Incentivized Testnet: This is an important initial step to test and prepare Saga's features before officially launching. Developers and the community have the opportunity to experience it early and contribute valuable feedback.
Q1 2024:
Launch Mainnet phase 1 - Security Chain and TGE
This phase marks the birth of Security Chain - the secure platform for the entire Saga ecosystem. At the same time, the Token Generation Event (TGE) will also take place, opening up opportunities for investors to participate in the project.
Mainnet phase 2 - Cross Chain Validation is enabled
A major turning point was when different chains in the Saga ecosystem began to communicate and authenticate each other, enhancing the interconnectedness and trust of the entire system.
Mainnet phase 3 - Chainlet uses Saga's security mechanism
Applications deployed on Chainlet - a separate chain for each project - will be protected by Saga's advanced security mechanism, ensuring high performance and safety.
Mainnet phase 4, 5 - Validator participates in validating transactions
Validator nodes will begin to play a key role in validating and processing transactions on the Saga network, contributing to maintaining the integrity of the system.
Mainnet phase 6 - Launching Saga Protocol V1
This is an exciting moment when the first version of the Saga Protocol is officially announced, opening a new era for the crypto world.
Q2 2024:
Mainnet V2 Sub-release 1 & 2: After V1 launches, Saga will continue to develop with major updates, enhancing system performance and features, meeting the growing needs of the community.
This roadmap shows that Saga is on the right track to become the leading platform for the development of crypto applications, especially in the gaming and entertainment sector. With a dedicated team and groundbreaking thinking, Saga's future is exciting.
SAGA development team
Key members include:
Rebecca Liao - CEO: She is the founder and previous CEO of Skuchain, bringing annual sales to over 5 billion USD. Currently serving as a consultant for Sommelier Protocol, designing the DAO, developing the platform, and ensuring compliance.
Jacob McDorman - CTO: He is a businessman and researcher with more than 10 years of experience in product development. With a practical vision, he was an entrepreneur, owned a development studio and worked as a consultant.
Jin Kwon - CSO: Contributing to the Cosmos ecosystem since 2018, holding many important positions at Tendermint. He has multidisciplinary experience in engineering, sales, marketing and finance, and wants to see web3 widely applied.
Bogdan Alexandrescu - VP Engineering: Long-time technology expert in many fields from fintech to consulting. Previously worked at Apple, participating in large projects on AI and machine learning.
This team is ready to make Saga the leading web3 multi-chain protocol. With rich experience, they understand the industry challenges and the solutions needed. Can Saga overcome the scalability barrier that has existed in previous blockchain projects? Let's wait together
Partners & investors
With the launch of Saga, developers can easily deploy private blockchains without having to grapple with complex validator coordination or infrastructure issues.
This has attracted the attention of major investors in the crypto industry. In just two rounds of seed funding, Saga has raised up to 11.5 million USD from leading investment funds such as Placeholder, Samsung Next, GSR, LongHash Ventures, Maven11, Hypersphere and many other partners.
With abundant capital, Saga is actively building the foundation to become a scaling layer for the web3 ecosystem. They focus on gaming and entertainment applications where the need for performance and scalability is paramount. Saga also targets decentralized finance (DeFi) applications to provide a fast and low-cost trading experience.
Saga FAQ:
Does Saga support smart contracts?
As an extremely flexible and powerful layer 1 platform, Saga of course supports "smart" smart contracts. Their Cosmos ecosystem allows developers to build a series of independent chainlets (parallel blockchains), each of which can deploy and run its own smart contract as conveniently as possible.
The classy point here is that these chainlets will automatically comply with the security, authentication and deployment standards of the entire Saga protocol ecosystem. Thanks to that, building and operating smart contracts becomes much faster, safer and more effective than having to build one yourself from scratch.
Does Saga charge transaction fees?
In principle, Saga aims to optimize transaction costs, ensuring fees are always as low and stable as possible. This is achieved through infinite scalability through new chainlets, avoiding transaction backlogs or high gas fees like on monolithic blockchains.
In addition, the fee mechanism will be standardized and optimized across the ecosystem, making it easier for users to track and control costs. The community and developers will also have the right to contribute ideas to adjust fees accordingly.
Is Saga easy to use for developers?
The entire process of deploying chainlets (parallel blockchain) has been intelligently automated. Developers only need a few simple steps to quickly launch a new chainlet without needing too much complicated technical knowledge.
Additionally, the Saga ecosystem standardizes parameters, deployment processes, and security across chainlets. This means that code once can be reused in many different places without having to edit much, saving significant time and effort.
Besides its technological strengths, Saga also focuses on building a perfect community and technical support system. Developers will never be left alone when faced with problems, but there is always an attentive support team, complete documentation, and a community ready to help.
Of course, the actual experience depends on each project and the developer's capabilities. But overall, Saga promises to be one of the most accessible and user-friendly crypto platforms for those who want to build top-notch Web3 applications.
The end
Saga is facing a golden opportunity to become the backbone of the multi-chain blockchain future. With a groundbreaking business model, support from leading investment funds and a solid technology foundation, Saga is ready to breathe new life into the crypto world. This is when investors should actively follow and participate in Launchpool on Binance to receive SAGA tokens right from the start.
A thousandfold growth potential awaits far-sighted crypto investors. Don't miss this golden opportunity!
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