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There is clear interest in the upcoming token. Saga Layer-1 Blockchain Network, next week’s listing is just a few days away. In fact, Binance customers have already broken the record for the most cryptocurrencies. walked Receive SAGA token rewards through the cryptocurrency exchange’s Launchpool campaign platform.
Binance users have staked Over $13.1 billion Value of Binance Coin (BNB) and FDUSD stablecoin Earn a portion of the 45 million SAGA tokens available through the platform, or half of the initial circulating supply of the token.
Saga had previously declared it had hit $13 billion. Twitter history As of Friday decryptionOur own analysis of past Launchpool campaigns seems to hold true. Recent Launchpool campaigns for tokens like ENA and ETHFI have reached closer to $13 billion, but Saga appears to be the first to break that barrier based on BNB’s value at the time.
Another gaming token, Portal (PORTAL), was previously It set a record of $8.6 billion. On Binance Launchpool in February. However, thanks to BNB’s price rise, every token launch since then has easily surpassed that number.
Over $13 billion staked in less than 24 hours.$SAGA It has already become the largest Launchpool in Binance history.
— Saga ⛋ (@Sagaxyz__) April 5, 2024
decryption We reached out to Binance to confirm whether Saga is the best Launchpool campaign to date based on internal data, but did not immediately receive a response. Binance plans to list the SAGA token on April 9, and in the meantime, nearly 370,000 users of the exchange are staking various amounts of the cryptocurrency to earn SAGA at launch.
Saga is a layer 1 blockchain designed to be a “chain that launches chains.” Multiple such “chainlets” can be used in parallel to power decentralized apps (dapp), can also be used to support apps deployed on other blockchain networks.
Saga isn’t limited to just games, but it has also embraced them ahead of its expected mainnet launch this month. chains are numerous Play-Airdrop Game Contest Winners are allocated SAGA tokens, and approximately 80% of projects built on the Saga testnet are gaming-related. Saga is also an in-house game publisher. saga origins.
Considering that Saga has already distributed SAGA tokens to gamers, DeFi Stakers on various chains and owners of certain popular assets NFT project, why make a significant portion of the initial circulating supply available to Binance customers?
According to Rebecca Liao, co-founder and CEO of Saga, this was about gaining a potentially much larger audience for the chain as the tokens flew.
“The beauty of Binance is that it has a very large retail user base,” she said. decryptionI have GG on Friday. “The community airdrop we designed targeted people we already knew: our key technology partners and the games and people who have been part of our ecosystem from the beginning.”
Despite the goal of reaching a much larger audience of SAGA holders, Liao said her team has been completely taken aback by the record-breaking response so far.
“This is absolutely ridiculous.” She said. “We never expected anything like this.”
Edited by Ryan Ozawa.