Saga Gaming Token Unveiling Imminent as Binance Users Stake $3.9B for Rewards
The SAGA token listing is not far away as Binance unveils a Launchpool rewards campaign with 50% of the original supply.
The Saga mainnet’s arrival seems pending, and the SAGA token has a listing date. That is because of Binance, a prominent crypto exchange that publicized Binance Launchpool to award clients SAGA tokens for staking other coins. The listing is significant since Binance is a prominent crypto exchange that publicized Binance Launchpool to award clients SAGA tokens for staking other coins.
The Saga mainnet’s arrival seems pending, and the SAGA token has a listing date. That is because of Binance, a prominent crypto exchange that publicized Binance Launchpool to award clients SAGA tokens for staking other coins. Besides, the promo will offer 50% of the earlier supply.
Binance intends to list the SAGA tokens on April 9. Before that, Binance clients can use the Launchpool website to stake the FDUSD stablecoin or Binance Coin (BNB) into rewards.
SAGA Caps Circulating Supply at 90 Million
SAGA will have an initial circulating supply of 90M tokens, and 50% of that will be provided to Launchpool stakers. Since the unveiling on April 3, clients have staked funds worth an estimated $3.8B. An estimated 82000 users have staked FDUSD, while 109000 users have staked BNB.
The Saga Network is considered a layer-1 blockchain that can be utilized to unveil other tokens owing to its ‘chainlet’ structure. This permits projects to use several chainlets simultaneously to drive one application.
Additionally, it allows projects developed on other blockchains to tap into Saga to aid in backing decentralized applications (apps).
Saga Emerges as a Gaming Platform
So far, Saga has emerged as a gaming platform, with nearly 80% of testnet initiatives being in that class. However, it is not explicitly designed for use.
Between December and February, Saga conducted several play-to-earn competitions and contests across different games, and winners earned a share of the token airdrop. It partnered with games such as Avalanche and Solana for similar events.
The Saga airdrop claim happened in March and has recently concluded, with over 200,000 wallets qualified to acquire tokens. This entailed play-to-airdrop winners and owners of famous nonfungible tokens (NFTs) such as the Bored Ape Yacht Club and CryptoPunks. It also involved decentralized finance owners such as Polygon and Cosmos.
SAGA Unveiling Imminent
The actual token is going to be live on April 9, and Binance claimed it will be the initial exchange to list the token. Saga revealed that its mainnet would be unveiled this month, and it would also unveil Saga Origins, an in-house game publishing division. This year, Binance Launchpool has unveiled two other famous gaming token campaigns.
In this case, the unveiling of Portal (PORTAL) and Pixels (PIXEL) happened through the platform. Portal drew staked crypto worth a record $86B.
Natives of several nations, such as Canada, the U.S., Australia, and Canada, are unqualified to earn rewards on Binance Launchpool. The Launchpool statement for Saga offers a complete list of nations.
