Understand in one article: SAGA, Binance's new potential coin, and its price prediction!
Saga is a Layer 1 protocol whose core goal is to provide specialized chains with unlimited scalability, parallelism, and interoperability, "Chainlets", thus providing strong infrastructure support for applications. The native utility token of the Saga protocol is $SAGA, which is mainly used to pay Chainlets fees, staking, governance, and other ecosystem functions.
Features of the Saga protocol
Unlimited horizontal scalability: Saga allows developers to automatically launch specialized chains for different virtual machines to achieve unlimited horizontal scalability. Each Chainlet can be elastically scaled according to the needs of the application to meet its performance and speed requirements.
Low-cost transactions and predictable chain fees: Developers can choose from a variety of monetization models, including custom tokens, fiat currencies, and stablecoins. The fees of all Chainlets are determined by daily reverse auctions between validators, ensuring low and predictable chain fees.
Automated deployment: Developers can easily create and deploy Chainlets through the Saga WebApp, which can be completed with simple operations.
Interoperability and fast bridging: Saga supports fast asset transfer and interoperability. Users can freely transfer assets between Chainlets while enjoying fast transaction confirmation speed and convenient bridging services.
Flexible stack: Developers can enjoy their own dedicated chain, get the best flexibility and customization to better meet the needs of applications.
Saga ecosystem and development
As of April 4, 2024, Saga has successfully raised $15 million in funds and attracted the support of many well-known investment institutions and projects. Investors include Placeholder, Maven11, Longhash, Samsung, Com2uS, Polygon, Merit Circle, Figment and Chorus One.
Future Outlook
Saga has great development potential in the blockchain industry. Its unlimited horizontal scalability, low-cost transactions and flexible stack provide developers with powerful tools and platforms to help them build the next generation of applications. As the Saga ecosystem continues to grow and develop, I believe that more and more projects and investors will join in to jointly promote the development and growth of Saga.
As the native utility token of the Saga protocol, the digital currency SAGA has great potential and development prospects. Its unique characteristics and powerful ecosystem provide developers and investors with abundant opportunities and possibilities. We are confident in the future development of Saga and look forward to witnessing its brilliant performance in the blockchain industry.
SAGA token launch price prediction
I. Token distribution
Binance Launchpool: 4.50%
Ecosystem and Development Fund: 30.00%
Airdrop: 15.50%
Foundation Reserve: 10.00%
Core Contributors: 20.00%
Investors: 20.00%
II. Price prediction
1. Based on historical yields
The average annualized yield of the first ten Binance Launchpool projects is 150%. Assuming that the annualized yield of this mining is also 150%, calculated based on 4 days of mining, the price of the SAGA token is about 3 USDT.
2. Based on the guaranteed yield
The minimum yield of the SAGA token is 20%, corresponding to a guaranteed price of 3 USDT.
Combining the above two prediction methods, the launch price of SAGA tokens is expected to be between 3 and 5 USDT.
