The cryptocurrency exchange Binance Launchpool continues to introduce new projects. In this context, another altcoin project has been featured. The name of the related altcoin project is Saga (SAGA). Saga became the 51st Launchpool project of Binance. Let’s look at the details.
Binance Launchpool Lists Altcoin Saga (SAGA)
Binance announced that trading for Saga will begin on April 9, 2024, at 17:00 Turkey Standard Time. In this framework, it will be the first exchange to list Saga. Binance will open trading for SAGA/BTC, SAGA/USDT, SAGA/BNB, SAGA/FDUSD, and SAGA/TRY trading pairs.
Users will be able to stake their BNB and FDUSD in separate pools to earn SAGA tokens starting from April 5, 2024, at 03:00 Turkey Standard Time for four days.
Details of the SAGA Launchpool
The cryptocurrency exchange Binance provided the following details for the Saga Launchpool:
- Token Name: Saga (SAGA)
- Maximum Token Supply: 1,000,000,000 SAGA
- Launchpool Token Rewards: 45,000,000 SAGA (4.5% of the maximum token supply).
- Initial Circulating Supply: 90,000,000 SAGA (9% of the maximum token supply).
- Staking Conditions: KYC required
- User Hourly Fixed Upper Limit:
- 37,500 SAGA in the BNB pool
- 9,375 SAGA in the FDUSD pool
Binance also stated that 36,000,000 SAGA will be distributed to those who stake BNB and 9,000,000 SAGA to those who stake FDUSD. The farming period will be from April 5, 2024, at 03:00 Turkey Standard Time to April 9, 2024, at 02:59 Turkey Standard Time.
