Binance, Right He announced that his project will launch the Launchpool Farming Era. The project is described as a layer 1 network used to launch layer 1s, and the web page is estimated to be available within 5 hours before Launchpool launches. Users will be able to stake their BNB and FDUSD in separate pools to farm tokens for four days starting April 5.
Binance will list SAGA on April 9 and make it available for trading with BTC, USDT, BNB, FDUSD and TRY trading pairs. The token will be listed with a “Seed Label” warning of high volatility risk.
Saga Launchpool Details were shared as follows:
- Token Name: SAGA
- Maximum Token Supply: 1,000,000,000
- Launchpool Token Rewards: 45,000,000 (4.5% of maximum token supply)
- Initial Circulating Supply: 90,000,000 (9% of maximum token supply)
- Smart Contract Details: Saga Security Chain
- Staking Conditions: KYC required
- Fixed Upper Limit per User Hour:
- 37,500 SAGA in BNB pool
- 9,375 SAGA in FDUSD pool
- Supported Repositories:
- Stake BNB: 36,000,000 SAGA reward (80%)
- Stake FDUSD: 9,000,000 SAGA reward (20%)
- Farming Period: 5-8 April 2024
You can access the official website of the project by clicking here. The whitepaper of the project is available on this page. As we reported as Koinfinans.com, users will be able to accumulate their rewards (calculated every hour) and claim these rewards directly to their spot accounts whenever they want. Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB in two different pools at the same time, but can allocate 50% of his BNB to pool A and 50% to pool B. Users will be able to withdraw their funds at any time without any delay and immediately join other available pools.
You can access the details of the announcement by clicking here.
