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Homeweb3.0Saga, the underlying public chain of the game, performed brilliantly! Staking snapshot will be taken in April

Saga, the underlying public chain of the game, performed brilliantly! Staking snapshot will be taken in April

Apr 10, 2024 pm 06:49 PM
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Saga, the underlying public chain of the game, performed brilliantly! Staking snapshot will be taken in April

Gaming application L1-Saga’s SAGA token had a brilliant opening performance after Binance’s Launchpool event. According to Rebecca Liao, CEO of Saga, it is "L1 for launching L1." Unlike traditional blockchains, developers use Saga to create their own chains, or chainlets, that can operate independently or be connected to each other to support decentralized applications. This approach, known as horizontal scaling, allows for so-called "infinite scalability." Currently, there are more than 350 projects under development within the Saga ecosystem, most of which focus on games.

Among them, Saga highlights the following features:

  • Saga does not charge network fees directly to end users, but leaves it to developers to make profits

  • Saga allows transaction fees to be any IBC compatible token, rather than just Saga tokens

  • Saga’s chainlets are provided to developers to build new projects, developers Need to incur transaction costs, which are paid in SAGA tokens, to secure computing power for their applications and therefore bring value to the SAGA token

Saga said in December last year The launched player airdrop campaign was a great success, especially for players participating in the Saga testnet game. This activity rewards top players with SAGA tokens. Games on other chains, such as games based on Avalanche's Shrapnel, also participate in this activity, expanding Saga's appeal and user base.

To expand its reach, Saga launched its game publishing arm, Saga Origins, in March. Although no games have been announced yet, Saga Origins is set to provide full support to game developers, including user acquisition and community engagement. It claims to be the first and only L1 Web3 game publisher, aiming to shift the responsibility of attracting users from developers to the platform itself.

Saga also stated after issuing tokens that it will take a snapshot for pledgers in April this year.

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