Saga is probably the most surprising Binance LaunchPool project. The community Genesis Airdrop that ended on March 27 had a surprisingly low amount of recipients. Even though many Airdrop Hunter bloggers on Chinese CT mentioned it in their "homework",
Many people have never heard of it and have not taken any action to claim it.
@sagaxyz_ This should be the most surprising Binance LaunchPool project. The community Genesis Airdrop that ended on March 27 had a surprisingly low number of recipients. Even though many Chinese Airdrop Hunter bloggers mentioned it in their "homework", many people still had not heard of it and had not claimed it.
In addition, the strict airdrop collection conditions are also an important reason why many people miss the saga airdrop.
Take Cosmos as an example:
There are 1.1 million staking wallets and more than 100,000 eligible Atom addresses, but only 30,000 addresses can claim them at the same time.
The reason is that Saga not only requires users to stake more than 25 Atoms, but also requires users to increase the staked amount during the period from April 20 to October 20, 2023, when Atom fell to its lowest point. If the increase exceeds 30%, users will receive a 4-fold airdrop bonus.
To be honest, the quality of users screened out under this strategy is indeed pure Cosmos fans.
But it was such a project with little attention in the early stage that attracted more than $13 billion in funds in Binance LaunchPool within 24 hours.
$SAGA has become the largest Launchpool Token in Binance history.
So why did Saga win Binance’s favor?
Saga is a L1 built on Cosmos, and in the CEO’s words, it is a protocol for launching the next 1000 chains in the multiverse.
Saga enables B-side users to create parallel and interoperable blockchains. However, Saga is still targeting the Web3 game market, because in the Saga Innovator Program announced on April 1, 80% of the 350 projects are games, about 10% of the projects are in the NFT and entertainment fields, and 10% are DeFi products. All games can migrate their games to the blockchain through Saga's development kit.
In addition, Saga's Saga Origins - the first and only Layer1 web3 publisher dedicated to bringing cutting-edge high-quality games to market (compared to ETH's Immutable Layer2 type publisher) is also an important weapon to expand Saga's gaming territory.
In addition, among Saga's investment institutions, there are Maven 11 Capital, which often invests in the Atom ecosystem, Polygon Labs, which is a subsidiary of Polygon and focuses on game and NFT investment, as well as Asia's LongHash Ventures and Samsung's Samsung Next, which has a strong lineup of institutions.
But I am more interested in the resume of Saga CEO Rebecca Liao. Rebecca first came into contact with blockchain when she joined SkuChain, a coinless blockchain, in 2017, and she is still an advisor to SkuChain. In addition, Rebecca's other professional experience is also very impressive. You can check Rebecca's Linkedin for details.
The total amount of Saga is 1 billion, and Binance announced that TGE circulation is 9%, but only 4.5% of the launch pool and 1.5% of the Airdrop are unlocked, and there is a very small amount of linearly released ecosystem and foundation shares.
And I predict that most of the Airdrop will choose to stake because of the incentives of the upcoming loyalty airdrop program.
Because the official revealed that the unclaimed part of the Genesis airdrop will be used for the second season airdrop of the Saga community after the mainnet is launched. Combined with the fact that few people claimed the first airdrop and the rules of the previous Genesis airdrop, absolutely loyal users who do not operate directly and stake may have a relatively unexpected return in the second season airdrop. I personally will choose to stake directly. Ps: Welcome to support NodeStake
In summary, the upper limit selling pressure in the early stage of Saga can be said to be all concentrated on the share of LaunchPool, and the listing price may be a surprise. Launchpool may be going to be hemp again this time.
Currently, most of the estimated prices are between $3 and $5, and I think it will be around $7. I will choose to sell the quota of LaunchPool at an appropriate time, but I plan to pledge the airdrop part directly, so you can refer to it.
