Binance introduces Saga (SAGA) to the Launchpool, allowing users to stake BNB and FDUSD tokens, earn rewards and complete KYC verification during a four-day farming period.
Binance, one of the leading cryptocurrency exchanges, recently introduced Saga (SAGA) to its Launchpool platform. Saga is an L1 to launch L1, and Binance is proud to be the first platform to list its token. Trading for Saga will begin on April 9, 2024 at 14:00 (UTC).
With the launch of Saga on the Binance Launchpool, users now have the option to stake their BNB and FDUSD tokens into separate pools to generate SAGA tokens. The farming period will start on April 5, 2024 at 00:00 (UTC) and will last for four days.
After the farming period, Binance will list SAGA with several trading pairs including SAGA/BTC, SAGA/USDT, SAGA/BNB, SAGA/FDUSD and SAGA/TRY. This registration will provide users with enhanced trading and liquidity opportunities for the Saga token.
Saga Launchpool comes with certain terms and conditions. Users will be required to complete KYC (Know Your Customer) verification to participate in the betting process. The hourly hard cap per user is set at 37,500 SAGA in the BNB pool and 9,375 SAGA in the FDUSD pool.
During the breeding period, users will be able to stake their tokens and win rewards. The Saga Launchpool is offering a total of 45,000,000 SAGA tokens as rewards, representing 4.5% of the maximum token supply. Saga’s initial circulating supply is set at 90,000,000 SAGA, which represents 9% of the maximum token supply.
To learn more about Saga (SAGA), users can access a research report that will be available within an hour of the announcement. Additionally, they can visit Saga’s website, read the white paper, or join their Medium, Discord, and Telegram communities for additional information and updates.
It is important to note that participation in the Saga Launchpool may be subject to eligibility criteria based on the user’s country or region of residence. Binance emphasized that users from certain jurisdictions, such as Australia, Canada, Cuba, Crimea region, Iran, Japan, New Zealand, the Netherlands, North Korea, Syria, the United States of America and its territories, as well as all non-government controlled areas of Ukraine, are not eligible to participate.
As always, Binance advises users to do their own research and exercise caution when engaging in cryptocurrency-related activities. Users should be aware of false ads or claims of selling the token ahead of the official schedule and should prioritize the safety of their funds.
With the launch of Saga on the Binance Launchpool, Binance continues to provide its users with innovative opportunities to participate in the crypto ecosystem and explore new tokens and projects.
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