Saga Mainnet Goes Live with SAGA Token Debut on Binance—More Airdrops Planned

Saga, a novel layer-1 blockchain network facilitating the creation of individual layer-1 chains, has officially launched its mainnet alongside the introduction of its SAGA token, initially listed on Binance.

The mainnet rollout follows an unprecedented Binance Launchpool campaign for SAGA, attracting over 500,000 Binance users who staked approximately $13.4 billion worth of crypto, earning a share of 45 million SAGA tokens, representing half of the initial circulating supply.

Saga's co-founder and CEO, Rebecca Liao, outlined the mainnet launch, comprising six stages. Notably, the Saga "security chain," housing SAGA tokens, and the "protocol chain," facilitating app creators to launch layer-1 chains, were deployed on the first day.

Designed to enable developers to deploy and interoperate multiple chains seamlessly, Saga emphasizes scalability and adopts a gradual launch approach to ensure system stability amidst increasing demand.

Saga's Ecosystem Expansion: From Gaming to DeFi and NFTs, Airdrop Strategy Signals Inclusive Growth

While Saga's early emphasis has been on gaming applications, its versatile infrastructure extends to other sectors. Notably, the network's recent airdrop encompassed gaming enthusiasts, DeFi stakeholders across various chains, and major NFT holders, illustrating a commitment to expanding ecosystem participation.

Unclaimed SAGA tokens from previous airdrops will be redistributed in future airdrop events, underscoring Saga's dedication to fostering community engagement and loyalty. Stakeholders can anticipate regular rewards, including loot boxes containing partner tokens, emphasizing ongoing ecosystem support.

As Saga positions itself beyond gaming, emphasizing scalability and broader application utility, it seeks to capitalize on the market demand, aligning its product offering with current industry trends.