Binance, a prominent cryptocurrency exchange, is set to launch Saga (SAGA) on its Launchpool platform, offering users the chance to participate in token farming by staking BNB and FDUSD tokens.
The introduction of Saga (SAGA) marks the 51st project to join Binance Launchpool, highlighting the platform’s dedication to fostering innovation within the cryptocurrency space. Trading of Saga (SAGA) is scheduled to commence at 17:00 on April 9, 2024, with Binance being the first exchange to list the token.
Enthusiastic about the inclusion of Saga (SAGA), Binance has revealed that users can stake BNB and FDUSD tokens in separate pools to farm SAGA tokens over a four-day period, starting at 03:00 on April 5, 2024. This initiative provides participants with the opportunity to earn rewards through token staking.
Upon listing, Saga (SAGA) will be tradable with various trading pairs, such as SAGA/BTC, SAGA/USDT, SAGA/BNB, SAGA/FDUSD, and SAGA/TRY, on the Binance platform. The token will be designated with the Seed Tag, denoting its debut on Binance.
Key details regarding the Saga (SAGA) Launchpool initiative include a maximum token supply of 1,000,000,000 SAGA, with 45,000,000 SAGA (4.5% of the maximum supply) allocated as Launchpool token rewards. The initial circulating supply will be 90,000,000 SAGA (9% of the maximum supply), with staking conditions requiring KYC.
During the farming period from April 5, 2024, 03:00 to April 8, 2024, 03:59, user balances and total pool balances will be regularly captured to calculate rewards. Hourly average balances will determine rewards, and updates will be provided on an hourly basis.
It is important to note that this information is not intended as investment advice.
