Saga (SAGA) — Binance Launchpool 51, a blockchain project that will expand infinitely for developers!
What is Saga (SAGA)?
Saga is a Layer 1 blockchain network designed for developers, built on the Cosmos SDK. Its core goal is to provide a highly scalable and customizable blockchain infrastructure, particularly suitable for decentralized finance (DeFi) and Web3 gaming industries.
The highlight of Saga is its unique "Chainlet" architecture, which allows developers to create independent decentralized applications (DApps) that are independent of virtual machines (VMs). Each "Chainlet" can not only run independently, but also enjoy the security and verification support of the Saga L1 network.
Developers pay fees to validators through a subscription model, which are determined through auctions. The validator with the lowest bid will win the auction and be responsible for the security maintenance of the Chainlet. This model brings the potential for unlimited horizontal expansion, making the creation of applications more predictable, less costly, and highly customizable.
What is the function of SAGA coin?
SAGA is the native token of the Saga Network, which supports the operation and ecosystem of the entire network. SAGA coins have multiple functions, including:
Chainlet Payments: Developers use SAGA coins to pay validators to ensure the security of their Chainlets.
Staking Rewards: Holders can stake SAGA coins to enhance network security and receive rewards, which come from other projects within the protocol.
Governance voting: SAGA holders have the right to participate in network governance and decide important matters about the future of the project through voting.
SAGA coin distribution:
Total supply: 1,000,000,000
Ecosystem and Development: 30%
Core Contributors: 20%
Investors: 20%
Airdrop: 15.5%
Foundation reserves: 10%
Binance Launch Pool: 4.5%
The future of Saga
Since its launch, Saga has developed rapidly. In just two years, more than 350 projects have been built based on the Saga protocol, 80% of which are concentrated in the gaming field. Saga has also reached strategic cooperation with leading blockchain platforms such as Polygon (MATIC) and Avalanche (AVAX).
Recently, Saga launched a new project, Saga Origins, which focuses on promoting the market distribution of Web3 games. Through this project, developers can get one-stop support, including cooperation with opinion leaders, user acquisition strategies and community building activities. In addition, Saga has also launched the "Play to Airdrop" event, where players can win SAGA token rewards through game tournaments.
In the fourth quarter of 2023, Saga launched an incentive testnet called "Pegasus" to test performance indicators in preparation for the future mainnet release. Looking ahead, Saga plans to launch a mainnet infrastructure based on security and platform blockchains to further expand the application space for developers.
