Binance introduced Saga (SAGA) to Launchpool, allowing users to stake BNB and FDUSD tokens over a four-day farming period, earn rewards, and complete KYC verification.
Binance, one of the leading cryptocurrency exchanges, recently introduced SAGA to its Launchpool platform. Saga is L1 launching L1, and Binance is proud to be the first platform to list the token. Saga trading will begin at 14:00 (UTC) on April 9, 2024.
With the launch of Saga on Binance Launchpool, users now have the opportunity to earn SAGA tokens by staking their BNB and FDUSD tokens into separate pools. The farming period begins at 00:00 (UTC) on April 5, 2024 and lasts for 4 days.
After the farming period, Binance will list SAGA with multiple trading pairs including SAGA/BTC, SAGA/USDT, SAGA/BNB, SAGA/FDUSD, and SAGA/TRY. This listing provides users with improved trading opportunities and liquidity for Saga tokens.
Saga Launchpool comes with specific terms and conditions. To participate in the staking process, users must complete Know Your Customer (KYC) verification. The hard cap per user per hour is set at 37,500 SAGA in the BNB pool and 9,375 SAGA in the FDUSD pool.
During the farming period, users can stake tokens and receive rewards. The Saga Launchpool will reward a total of 45,000,000 SAGA tokens, representing 4.5% of the maximum token supply. Saga’s initial circulating supply is set at 90,000,000 SAGA, equivalent to 9% of the maximum token supply.
If you would like to learn more about Saga (SAGA), you can access the research report available within 1 hour of publication. You can also visit the Saga website, read our whitepaper, or join our Medium, Discord, and Telegram communities for additional information and updates.
It is important to note that participation in Saga Launchpool may be subject to eligibility criteria based on your country or region of residence. Binance accounted for users from specific jurisdictions: Australia, Canada, Cuba, Crimea, Iran, Japan, New Zealand, Netherlands, North Korea, Syria, the United States and its territories, and non-government controlled areas. Ukraine cannot 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 advertising or token sale claims prior to the official date and should keep the safety of their funds as their top priority.
With the launch of Saga on Binance Launchpool, Binance continues to provide users with innovative opportunities to engage with the cryptocurrency ecosystem and explore new tokens and projects.
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