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El Salvador's Bitcoin Revolution: Bukele's Re-Election

El Salvador’s Political Landscape: Bukele’s Re-Election and Bitcoin Integration The recent re-election of President Nayib Bukele of El Salvador marks a pivotal moment in the nation’s political and economic journey. With an overwhelming 85% of the vote according to exit polls, Bukele’s victory not only underscores his popularity but also reflects a broader endorsement of his controversial policies—particularly his bold embrace of Bitcoin as legal tender. This pioneering approach has positioned El Salvador at the forefront of cryptocurrency adoption on a global scale, despite facing international scrutiny. The Bukele Administration: A Brief Overview Since assuming office in 2019, Bukele has made significant strides in several key areas: Gang Violence Reduction: His administration has implemented strategies aimed at curbing the rampant gang violence that has plagued the country for years. Bitcoin Legalization: In September 2021, El Salvador made history by becoming the first

Saga Reveals Eligibility Requirements for Public Airdrop of SAGA Token: Everything You Need to Know

Saga Reveals Eligibility Requirements for Public Airdrop of SAGA Token

In an exciting development for the blockchain community, Saga, a gaming-focused crypto tech firm, has announced the eligibility criteria for its upcoming public airdrop of the SAGA token. The airdrop will allow developers to launch their own chainlets on the Saga blockchain protocol. While the airdrop details are still forthcoming, Saga co-founder Jin Kwon has shed some light on who will be eligible to participate in this highly anticipated event.

Determining Eligibility

Saga has already taken snapshots to determine the eligibility of most of the general public. However, those who aspire to be recipients of the genesis airdrop will have the opportunity to participate in a future "Play to Airdrop" tournament series. But before we delve into the specifics of this exciting tournament, let's take a look at who is already entitled to participate.

Cosmos Blockchain Contributors

Since Saga's underlying technology was built with the Cosmos blockchain's software development kit (SDK), traders who have staked at least 25 ATOM (Cosmos token) between April 2023 and October 2023 will be included in the Saga community airdrop. According to Kwon's post, traders who increased their staked ATOM amount by more than 30% during that time period will receive a larger number of SAGA tokens in the airdrop.

Celestia Token Holders

Saga is also including those who have staked over 23 TIA tokens (native token of Celestia) between November and December 2023 in its community airdrop. Similar to Cosmos, Saga utilizes technology from Celestia to launch its blockchain offerings.

Polygon and Avalanche Contributors

In addition to the above, Saga will also include any wallets that staked more than 300 MATIC on Polygon or moved more than 0.4 ETH through Polygon's zkEVM bridge between April and October 2023. Furthermore, any wallets that staked any denomination of Avalanche's AVAX token between April and October of the previous year will also be eligible for the airdrop, as per Kwon's post.

Game Tournaments for Airdrop Eligibility

For traders who haven't met the aforementioned eligibility requirements, Saga has devised an alternative path to participate in the airdrop. Saga plans to host game tournaments, and players who achieve the tournament leaderboard cutoffs will be eligible for the airdrop. Saga co-founder and CEO Rebecca Liao confirmed this information in an email conversation with Decrypt.

Conclusion

While specific dates for Saga's airdrop have not been disclosed yet, the eligibility requirements unveiled by Saga provide an exciting opportunity for traders, token holders, and gamers alike. With a diverse range of criteria, Saga aims to ensure inclusivity and broad participation in its upcoming public airdrop. As the blockchain community eagerly awaits further details, it is clear that Saga is on a mission to revolutionize the gaming and crypto tech industry.

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