Saga - the 51st Launchpool project on Binance

Binance users can start staking $BNB and &FDUSD from 7am on April 5 to farm SAGA tokens within 4 days. 9:00 p.m. April 9, floor list.

Saga Protocol is a project that provides blockchain building services for decentralized applications (Appchain), called "Chainlets" in the Saga ecosystem:

- Chainlets are secured by Saga's validators through the Interchain Security mechanism, a common security system from Cosmos.

- Saga introduces Chainlet deployment solution with compatibility with many different virtual machines (VMs) such as EVM, CosmWasm, JavaScript VM,...

Chainlet Launch Process:

- No licensing required, just own SAGA tokens to pay Chainlet setup and maintenance fees.

- The developer allocates SAGA to an escrow account to pay Chainlet fees every epoch (about 1 day).

- Chainlet operating fees are determined by the "Musical Chair Auction" auction mechanism between validators.

Main development team and investors:

- The team includes CEO Rebecca Liao, CTO Jacob McDorman, CSO Jin Kwon,...

- Received 11.5 million USD from seed capital round from funds such as Placeholder, Samsung Next, GSR,...

Total supply: 1,000,000,000 (1 billion SAGA)

Binance Launchpool: 45,000,000 (45 million SAGA)

Initial circulating supply: 90,000,000 (90 million SAGA = 9% total supply)