New Era

Launchpool

DeFi

Saga

Coin

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             <p>The Saga Protocol, a layer-1 blockchain with a focus on gaming, has captured the attention of the crypto community with its unique airdrop campaign. As the launch of its SAGA token approaches, excitement builds with a record $13.4 billion staked on Binance to secure token rewards.</p>
             <p>As we have previously reported, Saga is scheduled for a mainnet and SAGA token launch on Tuesday, April 9 and it is poised to make its mark in the blockchain sphere.</p>
             <h2 id="how-saga-works">How SAGA Works</h2>
             <p>Described by CEO and co-founder Rebecca Liao as a “layer-1 to launch layer-1s,” Saga (not to be confused with the Solana Saga phone) enables developers to launch their own blockchain, known as a chainlet, or a series of chainlets. These chainlets can work together to power decentralized applications (Dapps) or support apps on other chainlets within the Saga network. This method, termed horizontal scaling, allows for unlimited scalability potential.</p>
             <p>The Saga ecosystem is bustling with activity, hosting over 350 projects, or “innovators,” with a significant focus on gaming. About 80% of the projects on the testnet are related to gaming, though Saga is not exclusively a gaming network.</p>
             <p>The SAGA token is set to debut on April 9, coinciding with the mainnet launch, and will be immediately listed on Binance. The anticipation for this event was evident when Saga’s Launchpool campaign surpassed the $13 billion mark. Binance Launchpool promotions are known for offering tokens of upcoming projects to customers who stake other cryptocurrencies, such as Binance Coin (BNB) and the FDUSD stablecoin.</p>
             <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
              <p lang="en" dir="ltr">Binance will list $SAGA on day one. https://t.co/TCfvqW2O0W</p>
              <p>— Saga ⛋ (@Sagaxyz__) April 4, 2024</p>
             </blockquote>
             <p></p>
             <p>Saga is the first project to exceed the $13 billion milestone, outpacing competitors like ENA and ETHFI. The SAGA token has successfully attracted interest to the project, creating a community of “Saganauts,” while serving a practical purpose. It aims to alleviate the pain of transaction fees in cryptocurrency by placing the fee burden on developers, who pay for computing power with SAGA tokens.</p>
             <h2 id="airdrop-campaign">Airdrop Campaign</h2>
             <p>The play-to-airdrop campaign, which started in December and extended into early 2024, initially themed around the Christmas holidays, has been a highlight of Saga’s promotional efforts.</p>
             <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
              <p lang="en" dir="ltr">$13.4B+ staked<br>505K+ participants</p>
              <p>Largest Binance Launchpool in history just finished</p>
              <p>Live feed of Saga war room pic.twitter.com/6hSUgCKacr</p>
              <p>— Saga ⛋ (@Sagaxyz__) April 9, 2024</p>
             </blockquote>
             <p></p>
             <p>The campaign finished in March, with over 200,000 wallets eligible for token rewards. This diverse group of recipients includes play-to-airdrop victors, DeFi stakers on networks like Cosmos and Polygon, and owners of prominent NFTs such as the Bored Ape Yacht Club and CryptoPunks. <span style="background-color: var(--bs-body-bg);color: var(--bs-body-color);font-family: var(--bs-body-font-family);font-size: var(--bs-body-font-size);font-weight: var(--bs-body-font-weight);text-align: var(--bs-body-text-align)">It featured games like Rogue Nation, Generative Dungeon, and Vennity on the Saga testnet, rewarding top players with SAGA tokens. However, the airdrop was subject to geographic restrictions, with Saga providing a guide to determine eligibility.</span></p>
             <p>The campaign also included games on other chains, such as the Avalanche-based shooter Shrapnel, as Saga sought to broaden its user base.</p>
             <p>Saga has further expanded its ecosystem with the introduction of Saga Origins, a game publishing division. Though no games have been announced yet, Saga Origins aims to provide comprehensive support to game developers, including user acquisition, community building, and promotional efforts. Liao described Saga Origins as a gesture of support to Web3 game developers, emphasizing the division’s role in attracting users to the games.</p>
             <p>With the impending launch of its mainnet and SAGA token, Saga is gearing up for a significant milestone. The team’s ambitious plans for the layer-1 network to launch future layer-1s, combined with the buzz around Binance, horizontal scaling, and the newly established publishing division, set the stage for an exciting chapter in the world of Web3 gaming. The Saga story is about to unfold, promising new developments in blockchain gaming.</p>
             <h2 id="unveiling-slothana-a-new-meme-coin-phenomenon">Unveiling Slothana: A New Meme Coin Phenomenon</h2>
             <p>In terms of the broader crypto market, what seems to characterize this latest crypto bull run is that tokens with seemingly no practical use can sometimes experience explosive growth in a very short span of time. The emergence of such tokens indicates that the market has ventured into the territory of “degens.” A prime example of this trend is Slothana, a project that embodies this new wave of speculative assets.</p>
             <p>Slothana draws inspiration from Slerf, a meme coin that gained widespread attention when its developer removed all the SLERF tokens from the liquidity pool. The project is succinct in its communication, steering clear of discussions about utility or long-term prospects. Instead, it embraces a straightforward ethos centered around simplicity, fun, memes, and the pursuit of profit.</p>
             <p><img decoding="async" class="aligncenter wp-image-503743 size-full" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20750%20450'%3E%3C/svg%3E" alt="" width="750" height="450" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/04/09/2cd40466f154a31c16a53f79ec94af34.webp 750w, https://cdn.thebittimes.com/images/2024/04/09/2cd40466f154a31c16a53f79ec94af34.webp 300w" data-lazy-sizes="(max-width: 750px) 100vw, 750px" data-lazy-src="https://cdn.thebittimes.com/images/2024/04/09/2cd40466f154a31c16a53f79ec94af34.webp">
              <noscript><img decoding="async" class="aligncenter wp-image-503743 size-full" src="https://cdn.thebittimes.com/images/2024/04/09/2cd40466f154a31c16a53f79ec94af34.webp" alt="" width="750" height="450" srcset="https://cdn.thebittimes.com/images/2024/04/09/2cd40466f154a31c16a53f79ec94af34.webp 750w, https://cdn.thebittimes.com/images/2024/04/09/2cd40466f154a31c16a53f79ec94af34.webp 300w" sizes="(max-width: 750px) 100vw, 750px">
              </noscript></p>
             <p>The mascot of Slothana is a sloth, embodying the project’s spirit. This sloth, depicted in a verdant office setting, exhibits red eyes, a contented smile, and a joyful demeanor, symbolizing its indulgence in cannabis and its aspiration to break free from the conventional 9-to-5 routine to dive into the world of meme coins.</p>
             <p>This straightforwardness reflects a transparent acknowledgment of the risks associated with this asset. Details about the tokenomics are elusive, as the exact number of tokens in circulation remains unknown. Nevertheless, the ongoing presale has generated significant interest, successfully raising over $750,000 in just two days. Those intrigued by the enigma of Slothana and looking to explore this speculative venture might consider participating in the investment opportunity.</p>
             <p>To become a part of the Slothana journey, interested parties can explore the option to buy Slothana tokens.</p>
             <h3 id="related-news">Related News</h3>
             <ul>
              <li>Unveiling the Saga: Binance Prepares for $3.9 Billion Gaming Token Rollout</li>
              <li>Best Crypto Games to Play &amp; Invest In</li>
              <li>Bridging Digital and Traditional Finance: The Crypto Wallet and Banking Module Revolution</li>
              <li>10+ Best Meme Coins to Buy – 2024 Guide – DodgeCoin20, Slothana, Smog and Many Others</li>
             </ul>
             <p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/saga-launching-on-binance-a-new-era-in-blockchain-gaming-tbt84926.html">https://thebittimes.com/saga-launching-on-binance-a-new-era-in-blockchain-gaming-tbt84926.html</a></p>
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Saga Launching on Binance: A New Era in Blockchain Gaming

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TheBitTimes

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