Saga is a protocol that automates the provisioning of application-specific blockchains, also known as Chainlets. They are at the forefront of reshaping how developers and users interact with blockchain technology.

Through features like shared security, innovative validator orchestration, and automated deployment processes, Saga makes launching a Chainlet as easy as deploying a smart contract. This simplifies blockchain development and fosters wider adoption.

Two Versions of SAGA

SAGA has released two versions:

  • Cassiopeia: Launched in March 2023, Cassiopeia served as a successful initial version. It has since transitioned to the current official version, Pegasus.

  • Pegasus: This is the current and complete version available for developers and users.

The Three-Layer Structure of Pegasus SAGA

Pegasus Saga is built on a three-layer architecture:

  • Security Chain: This layer guarantees security through validators within the system. These validators utilize SAGA tokens.

  • Platform Chain: Developers launch and manage their Chainlets on this layer. The platform chain gathers security from multiple security chains and forwards it to the launched Chainlets. This process of security aggregation and forwarding is achieved through Cross-Chain Validation (CCV), an innovation pioneered by Cosmos. Saga utilizes a modified version of Cosmos CCV. Any misconduct relayed by Chainlets is ultimately relayed back to the security chain for final judgment. Initially, the platform chain will aggregate security from the Saga security chain. However, future plans include incorporating security from other sources, such as partners like Ethereum, Polygon, Avalanche, and their respective validators. The platform chain itself is built using Cosmos-SDK.

  • Chainlet: This layer is where all computation takes place. End users interact directly with one or more Chainlets. The platform chain forwards security from the security chain to the Chainlets. Any misbehavior within Chainlets is first relayed back to the platform chain for evaluation. Initially, supported Chainlets are built using Cosmos-SDK, but future plans include incorporating other types, such as Avalanche Subnets and Polygon Supernets.

Flexible Transaction Fees:

Users can pay for transactions using various tokens as gas fees, or they may not need to pay at all, depending on the configuration set by the Chainlet developer.



SAGA Team:
- Co-founder and CEO: Rebecca Liao
- Co-founder: Jin Kwon
- Co-Founder and CTO: Jacob McDorman
- Co-Founder and technician: Bogdan Alexandrescu


Investor
SAGA has attracted several famous investors and partners such as #Maven11, #LongHash Ventures, #Hypershere, #Figment, #Polygon, #Samsung Next, #Chorus One, #GSR, #C2X, #Crit Ventures, #Merit Circle, #Hustle Fund...

SAGA Binance LaunchPool.


Users will be able to stake their $BNB and $FDUSD into separate pools to farm $SAGA tokens over four days, with farming starting from 2024-04-05 00:00 (UTC).

@Binance will then list $SAGA at 2024-04-09 14:00 (UTC) and open trading with SAGA/BTC, SAGA/USDT, SAGA/BNB, SAGA/FDUSD, and SAGA/TRY trading pairs.
The Seed Tag will be applied to $SAGA.

Details:

Token Name: Saga (SAGA)
Max Token Supply: 1,000,000,000 SAGA
Launchpool Token Rewards: 45,000,000 SAGA (4.5% of max token supply)
Initial Circulating Supply: 90,000,000 SAGA (9% of max token supply)
Smart Contract Details: Saga Security Chain
Staking Terms: KYC required
Hourly Hard Cap per User: 37,500 SAGA in BNB pool
9,375 SAGA in FDUSD pool

Supported Pools:
Stake BNB: 36,000,000 SAGA in rewards (80%)
Stake FDUSD: 9,000,000 SAGA in rewards (20%)

Farming Period: 2024-04-05 00:00 (UTC) to 2024-04-08 00:00 (UTC).

More detail