Investment Research Report: Layer 1 Saga $SAGA #BinanceThe 51st Launchpool New Coin Mining Project Analysis and Online Price Prediction Recently, mining on Binance has been really profitable, and I am basically mining $Saga every day

Allow developers to develop parallel, interoperable dedicated chains for different virtual machines-"Chainlets", providing unlimited scalability for applications.

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1️⃣What is SAGA

Saga is a protocol that automatically configures application-specific blockchains in a multi-chain metaverse or multiverse. We are building this by re-architecting how developers and end users interact with blockchains.

Using shared security, validator orchestration innovations, and automated CI Saga standardizes CD deployment pipelines across applications in single-tenant virtual machines, making launching a dedicated blockchain or chainlet as simple as deploying a smart contract Saga allows developers to launch Chainlet with a single click of a button through shared security, cutting-edge validator orchestration, and standardized automated CI/CD deployment pipelines across any type of blockchain virtual machine.

2️⃣SAGA Mechanism

Saga’s unique token mechanism design enables interesting and flexible developer business models and end-user experiences that were not previously supported in cryptocurrencies. Saga does not charge network fees directly to end users, but instead puts monetization in the hands of developers.

Saga allows transaction fees to be denominated in any IBC-compatible token, not just Saga tokens. Because our chainlet is intended for developers to use for both new and established projects, our token model uniquely enables tokens of other protocols to accrue value even with the Saga chain as a backend.

Saga’s initial focus will be on gaming and entertainment chains. Not only are these applications most in need of dedicated runtime environments and near-100% SLAs, they are also the fastest growing areas in web3 with the greatest potential to attract mass adoption. As the metaverse expands, performance requirements and end-user expectations continue to rise, and crypto-based applications must deliver. Essentially, the Saga chainlet is a sovereign blockchain with a VM module that runs a single smart contract.

3️⃣SAGA Token Economics

SAGA We split the token economics into two conceptual components: the frontend and the backend. The frontend is the part of the token flow between chainlet end users and chainlet developers. The backend is the part of the token flow between chainlet developers and Saga chains. Splitting the token mechanism into two separate parts can bring interesting usability advantages and value accumulation to developers and our partner chains.

Binance Launchpool - 4.50% of total

Ecosystem and Development Fund - 30.00% of total

Airdrop - 15.50% of total

Foundation Reserve - 10.00% of total

Core Contributors - 20.00% of total

Investors - 20.00% of total

4️⃣ Token financing and initial circulation

Saga Protocol has successfully raised $15 million in funds, and investors include well-known institutions such as Placeholder, Maven11, Longhash, Samsung, Com2uS, Polygon, Merit Circle, Figment and Chorus One. $SAGA is the native token of Saga Protocol, with an initial supply of 1 billion. The total issuance of TGE at that time was about 90 million, accounting for 9% of the total supply. Among them, Binance Pool mined a total of 45 million SAGA

5️⃣ Summary and price prediction

Saga's mission is to provide developers with what they need to build in the multiverse. Web3 has grown to the point where new infrastructure configurations and token mechanisms are needed to keep up with the industry's growth and the staggering influx of end-user interest, and its potential remains untapped. Saga's unique network and token design meets this moment. A new protocol bridge to the multiverse is needed for new developers, developers of established projects seeking to grow, and the end-users they all support. As of April 4, 2024, the initial supply of $SAGA is 1,000,000,000. The total circulation at the time of TGE is approximately 90,000,000 (accounting for 9% of the total initial supply of tokens).

According to the recent#BNBnew coin listing market value, it is about 300-600 million, so it is estimated that the listing price is about 2-3U

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