Binance users to receive Saga Game Token rewards hold a record $13 billion

There is clear demand for the upcoming token. Saga layer-1 blockchain networkNext week's list is just a few days away. In fact, Binance customers have already broken the record for the most cryptocurrency It is locked To earn SAGA token rewards on the crypto exchange's Launchpool campaign platform.

Binance users have taken a stake. More than 13.1 billion dollars The price of Binance Coin (BNB) and FDSD A stable coin To get a share of the 45 million SAGA tokens offered through the platform or half of the initial distribution supply of the token.

Saga previously announced a $13 billion mark. Register on Twitter Friday, and based on DecryptThis is what Launchpool's own analysis of past campaigns looks like. Recent launchpool campaigns for tokens like ENA and ETHFI have approached $13 billion, but Saga appears to be the first to break that barrier based on BNB's price at the time.

Another game simulation portal (PORTAL) previously had. 8.6 billion dollars set a record On the Binance Launchpool in February. But thanks to BNB's rise in value, every token startup since then has surpassed that in hand.

Decrypt Saga reached out to Binance to confirm whether or not it was the largest launch campaign to date based on its internal data, but did not immediately receive a response. Binance will list the SAGA token on April 9, but in the meantime, around 370,000 users of the exchange will be holding various amounts of crypto to earn SAGA at launch.

Saga is a layer-1 blockchain designed as a “chain to start chain”. Many such “chains” can be used in parallel to power decentralized applications (Daps), can also be used to support applications deployed on other blockchain networks.

While it's not limited to gaming, Saga has embraced gaming as it makes its expected mainnet launch this month. The chain is very busy. Air-to-air game competitions And winners build on SAGA tokens and Saga testnet, 80% of the projects are game-related. Saga is also launching an in-house game publisher. The origin of the saga.

After SAGA issues SAGA tokens to players, DeFi Stakeholders in various chains and owners of certain celebrities NFT Projects, why do you offer such a large amount of initial distribution to earn money for Binance customers?

According to Saga founder and CEO Rebecca Liao, the token was meant to appeal to a wider audience for the chain when it took off.

“The thing about Binance is that it has a very broad retail user base,” she said. DecryptGG on Friday. “For us, the community airdrop we designed was focused on the people we know, our key technology partners, as well as the people involved in games and our ecosystem.”

Despite her goal of landing a huge number of SAGA owners, Liao has completely failed her team in their record-breaking response so far.

“That's great,” she said. “We never expected this.”

Edited by Ryan Ozawa.