Saga (SAGA) Blockchain is a Layer 1 protocol designed to create a revolution in blockchain scalability and interoperability. In this guide, we will try to answer many questions such as what Saga announced as the 51st Launchpool of Binance is, what SAGA coin is, and how to buy SAGA coin.
What is Saga?
Saga is a Layer 1 protocol that gives developers the authority to create specialized blockchain networks known as Chainlets, which are independent, parallelized, and interoperable from the virtual machine (VM). These Chainlets offer infinite horizontal scalability, enabling applications to operate seamlessly across different blockchain networks.
Saga’s mission is to enable the next wave of innovation in the gaming and entertainment sectors by providing an infinitely scalable, interoperable, and cost-effective foundational infrastructure. Saga aims to support the mass adoption of blockchain technology for consumer applications by allowing developers to create custom block space on demand.
Since its inception, Saga has seen rapid growth with 350 projects built on its protocol in two years, 80% of which are related to gaming. It has signed major collaborations with leading blockchain networks such as Polygon (MATIC), Avalanche (AVAX), and others.
Moreover, Saga recently introduced Saga Origins, a gaming publishing division dedicated to bringing quality games to the market. Through Saga Origins, developers receive comprehensive support, including collaborations with influencers, user acquisition campaigns, and community-building initiatives. Saga also organizes Play to Airdrop campaigns where players are rewarded with SAGA coins for participating in tournaments.
Saga launched the Pegasus Incentivized Testnet in the fourth quarter of 2023 to evaluate performance metrics. Looking ahead, Saga plans to gradually roll out its mainnet, starting with the Saga Security Blockchain and Platform Blockchains that make up the Saga Mainnet. These blockchains will provide the infrastructure for developers to launch and maintain their Chainlets.
SAGA Coin Review
SAGA coin, with a total supply of 1 billion, is the main network asset of the Saga protocol serving several key purposes. SAGA Coin is used for payments for Chainlets, staking, and participating in governance, among other fundamental purposes.
Developers use SAGA coins to cover the costs of creating and maintaining Chainlets for network validators. Participants can stake to enhance network security and earn rewards in SAGA coins along with tokens from projects using the Saga protocol. Moreover, SAGA coin holders have the privilege of participating in voting on network governance issues.
How to Buy SAGA Coin?
SAGA coin will be safely bought and sold from Binance, the world’s largest cryptocurrency exchange by trading volume. SAGA coin will be listed on Binance on April 9, 2024, and will be available for trading in SAGA/BTC, SAGA/USDT, SAGA/BNB, SAGA/FDUSD, and SAGA/TRY trading pairs.
To purchase SAGA coin, one must first register with the Binance exchange if not already a member. After completing the registration process, one should transfer cryptocurrency or fiat currency like Turkish Lira to their Binance account wallet. Once the transfer is complete, SAGA coin can be purchased from any of the above five trading pairs.
