Details of the 51st $SAGA-Launchpool project on Binance

1️⃣ What is Saga protocol?

Saga protocol is a Layer 1 blockchain protocol operating on the Cosmos network that allows developers to launch parallel, VM-independent and interoperable dedicated chains called "Chainlets", providing Provides infinite horizontal scalability for applications.

In just over a year, Saga has built for itself an extremely large ecosystem with more than 350 projects, 80% are game projects, 10% are NFT projects and the remaining 10% are Defi. Saga also partners with Polygon, Avalanche, and Celestia to scale infrastructure using Chainlets.

2️⃣ Tokenomics

Token information

•Token name: SAGA ($SAGA)

•Blockchain: Cosmos

•Maximum total supply: 1,000,000,000 SAGA

•Circulating supply at TGE: 90,000,000 SAGA

Token allocation

•Airdrops: 15.5%

•Investors: 20%

•Core Contributors: 20%

•Ecosystem & Development: 30%

•Foundation Reserve: 10%

•Binance Launchpool: 4.5%

Token widget

•Staking: send $SAGA to receive SAGA tokens and other project tokens.

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

•Used to pay for Chainlets: Developers pay $SAGA tokens to network validators to initiate and keep their Chainlets alive.

3️⃣ Saga Protocol's existing products

Chainlets

Saga Protocol is a fully decentralized Proof of Stake chain. Each Chainlet is a replica of the Saga Mainnet, with the same set of authenticators and security model.