In an official announcement, Binance revealed Saga as the 51st project that was launched on Binance Launchpool on April 4.
Binance is the first exchange to list SAGA, with trading starting on April 9, 2024, at 2:00 PM UTC.
Users were able to start farming SAGA tokens on April 5 by staking BNB and FDUSD in separate pools on Binance Launchpool over four days.
The other day, the Saga team announced on their X account that over $13B were already staked in less than 24 hours, and Saga had already managed to become the largest Launchpool in Binance history.
According to Binance, the current total BNB staked is a little under 18 million BNB.
At the moment of writing this article, BNB is trading in the green on CoinMarketCap, up by almost 1.50% in the past 24 hours. BNB is priced at $583.
Saga announced that over $13B were staked in less than 24 hours, making it the largest Launchpool in Binance history.
The team reveals the final cohort of Saga Innovators before the mainnet launch.
Saga is a new entry in the crypto landscape, aiming to revolutionize blockchain development.
Saga announces the final cohort of innovators before the mainnet launch
The team behind the project has also posted on its X account the announcement of the final cohort of Saga Innovators before the mainnet launch.
More than 350 projects have reportedly joined the program, and the team offered their gratitude to the builders who have joined them alongside this journey.
A couple of days ago, Binance announced the available pairs: SAGA/BTC, SAGA/USDT, SAGA/BNB, SAGA/FDUSD, and SAGA/TRY. The maximum token supply is 1 billion SAGA, and the Launchpool Token Rewards are 45 million SAGA, meaning 4.5% of the maximum token supply.
Although the project is new in the crypto industry, it managed to draw huge attention.
Saga‘s main focus is to empower developers. They acknowledge the limitations of existing blockchains and have taken the challenge to tackle scalability and development complexities head-on. The core offering of Saga is the ability to create dedicated blockchains, known as “chainlets,” with ease.
These chainlets are designed based on specific applications, which eliminates the need for developers to compete for blockspace with other projects on congested networks.
