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Home»ETHEREUM NEWS»Saga Announces First ‘9,000+ Power Level’ Airdrop with $10 Million in Tokens
ETHEREUM NEWS

Saga Announces First ‘9,000+ Power Level’ Airdrop with $10 Million in Tokens

By Crypto FlexsMay 3, 20243 Mins Read
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Saga Announces First ‘9,000+ Power Level’ Airdrop with  Million in Tokens
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Layer 1 Blockchain Saga centered on gamesThere has been a lot of excitement recently surrounding the mainnet and token launch. Play-Airdrop Campaign and rewarding DeFi Stakers from various networks. But the incentives don’t end there. Saga now takes its next step with a colorfully titled campaign.

The “Power Level 9,000+” airdrop campaign, named after the “Dragon Ball Z” reference that became an internet meme, is as follows: First released last April Saga says it relies on partnerships with more than 100 projects across a variety of chains, including games and other projects. decentralized app.

This campaign distributes bundles of cryptocurrency tokens and NFT From their partners to SAGA holders staking their tokens within the network. on Thursday, saga revealed We have already taken the first snapshot of SAGA token stakers for the initial reward “stash” that will be sent to eligible users.

The snapshot was taken at block 262,311 of the Saga network on April 26, and the network will ultimately award 3 million SAGA. Current price $3.40—In a wallet that meets the criteria.

Any SAGA user who has staked 101 or more SAGA ($340 or more at current prices) or 95% or more of the SAGA Genesis airdrop since mainnet launch on April 9 will be eligible to share in the rewards. Genesis airdrop recipients who stake at least 95% of the initial drop will receive a 4x “loyalty bonus” for holding and staking tokens.

It is not yet clear when Saga will distribute its initial “stash” of token rewards. However, the network team added that the claims page will open about a week ahead of deployment. Additionally, “the first few repositories will be used to improve eligibility criteria” ahead of broader plans for partner airdrops.

According to SAGA, more than 30 million tokens were unclaimed from the Genesis airdrop, so this first vault drop represents approximately 10% of the remaining stash that will be used for current incentives. Another 110 million network tokens have been allocated for airdrops and rewards, according to the blog post.

Additionally, Saga previously stated that it had lined up over 100 partner projects across the chain to donate tokens and NFTs for future drops. Announced partners include: avalanche-Based first-person shooting game shrapnelfurthermore Ethereum stratagem sandbox and wilderness world.

Saga is billed as “Layer 1 starting Layer 1.” This means that the network is designed to allow projects to deploy their own dedicated chains, rather than building everything on a single mainnet. It is also designed to complement other chains, allowing projects to build across the network and leverage Saga’s “chainlet” structure to support apps as needed.

Although not exclusively focused on games, about 80% of testnet projects were focused on games, and Saga used gaming competitions as a method of airdrop allocation.

The team also established its own game publishing division called Saga Origins. The division plans to release games that CEO and co-founder Rebecca Liao calls “provocative, expansive, (and) uncompromising.” said decryptionGG in April.

Edited by Ryan Ozawa.

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