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Saga is an innovative Layer 1 blockchain network built on the Cosmos Software Development Kit (SDK). It enables developers to build their own VM-agnostic chain networks called "Chainlets" as easily as deploying smart contracts within the Saga chain network while maintaining the same level of security as L1 Saga.
The Saga network is powered by its native SAGA crypto token, which is used for paying fees, rewarding validators, and voting for Saga DAO proposals.
On April 4th, 2024, Saga chain announced an IEO and listing of $SAGA tokens on the largest exchange in the world - Binance. For the IEO, which will last until the initial listing of the token on April 8th, 2024, Saga’s team allocated 4.5% of the total supply.
CoinLaunch Score:
Last update:
Very High
05 Apr 2024
Saga Coin - IEO Round on Binance Overview
start date:
05 Apr 2024
end date:
08 Apr 2024
price:
$0.075
tokens for sale:
45,000,000
Raise:
$3,375,000
Min. Buy:
N/A
Max. Buy:
N/A
Industry:
Blockchain Infrastructure
Lock-up:
Launchpad
No lock-up
Binance Launchpad
How to join Saga Coin - IEO Round on Binance?
To participate in the $SAGA IEO on Binance users need to complete KYC verification on the platform and acquire some BNB or FDUSD tokens. Afterwards, they should visit the launchpool page and stake FDUSD or BNB in the staking FDUSD and BNB pools respectively.
For entire period of IEO, the project allocated 45,000,000 $SAGA for both FDUSD and BNB staking pools, but this amount won’t be distributed to pools equally:
- 36,000,000 SAGA for BNB staking pool;
- 9,000,000 SAGA for FDUSD pool.
Beginning from 5th April, 2024 00:00 (UTC) users will be receiving rewards for staking in $SAGA on the hourly basis, where the amount of its reward depends on the share percentage participants own in the pool. The farming of the Saga tokens will be live until the initial listing of $SAGA on April 8th 2024 at 23:59 (UTC).
❗️PRO TIP: Consider calculating potential shares and rewards for each FDUSD and BNB pool, as the rewards and total value staked in the pools aren’t equal. Additionally, ensure you are aware of risks related to BNB volatility during the staking periods and its typical dip after the end of IEOs on the platform. This will enable you to assess risks more diligently and make a wiser decision.
Good Luck!
Step-by-step Guide
Log in or register account on Binance;
Successfully Complete KYC verification;
Go to the Binance Launchpool page;
Pick the $SAGA IEO;
Stake either BNB or FDUSD;
Receive your tokens.
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