• Saga is a Layer 1 protocol that allows developers to automatically spin up VM-agnostic, parallelized and interoperable dedicated chains, or “Chainlets”, that provide applications with infinite horizontal scalability.

  • $SAGA is the Saga Protocol’s native utility token and is used in the following functions:

    • Payment for Chainlets: Developers pay $SAGA tokens to the network validators to instantiate and keep their Chainlets alive.

    • Staking: Stakers help secure the network and receive $SAGA tokens and the tokens of projects building on the Saga protocol as a reward.

    • Governance: $SAGA token holders will be able to vote on network governance decisions.

  • The Saga Protocol is a fully decentralized proof-of-stake chain. Each Chainlet has the same validator set and security model as the Saga Mainnet.

  • Each Chainlet has the following features:

    • Infinite horizontal scalability: All Chainlets are parallelized appchain instances, allowing applications to elastically scale to their peak performance and speed.

    • Costless transactions and low and predictable chain fees: Developers can choose whatever monetization model they like, including a token of their own (or no token at all), fiat, stablecoin or even the token of another ecosystem. All Chainlet fees are set by a daily reverse auction among the validators, encouraging commodity pricing for blockspace.

    • Automation: Developers can stand up a Chainlet with the click of a button in the Saga WebApp.

    • Interoperability and fast bridging: Users can freely and quickly transfer assets between Chainlets - and Saga and other ecosystems - using automatic interoperability and async composability. Because each Chainlet offers fast finality of transactions, users can also take advantage of fast bridging out to other chains.

    • Fully flexible stack: Developers enjoy their own dedicated chains, allowing for optimal flexibility and customizability of the environment.

  • Saga has raised $15 million to date. Investors include Placeholder, Maven11, Longhash, Samsung, Com2uS, Polygon, Merit Circle, Figment and Chorus One.

As at April 4th 2024, the total supply of $SAGA is 1,000,000,000. The total circulating supply will be approximately 90,000,000 (9% of the total token supply) at TGE.

Key metrics (as at April 4th 2024)

Token Name

SAGA

Token Type

Native Cosmos token

Initial Circ. Supply When Listed on Binance

90,000,000 (9% of total supply)

Total and Maximum Token Supply

1,000,000,000

Binance Launchpool Allocation

45,000,000 (4.5% of total supply)

Binance Launchpool Start Date

April 5th 2024