Saga is a Layer 1 protocol that allows developers to dynamically create dedicated, parallel, interoperable#VM(virtual machine) chains, or “#Chainlets”, that provide grants applications infinite horizontal scalability.
Saga allows developers to launch Chainlets at the click of a button through shared security, Chainlets are also secured by Saga's validator through a security mechanism called Interchain Security - from #Cosmos.
Saga already has 350 projects (target 1000 projects) built on its protocol, 80% of which are game projects. Saga has also signed partnerships with #Polygon, #Avalanche, #MarbleX, #Com2uS, and#Celestiato automatically scale their infrastructure using .
Backer: The project has raised a total of 13.5M$ after 3 rounds of funding. (The fund is not huge but it's okay)
Team:
+ Rebecca Liao (CEO): former Co-Founder and CEO at Skuchain. Currently, Rebecca is a Consultant for the Sommelier Protocol
+ Jin Kwon (CSO): Jin co-founded Saga to help developers more easily access the application chain. Jin was an executive at Tendermint, the development company that helped launch Cosmos Hub.
+ Bogdan Alexandrescu - (Engineering): Bogdan has had a notable career at Apple Inc and has worked on large-scale, machine learning and artificial intelligence projects.
Token information: #SAGA
+ Total Supply: 1,000,000,000 SAGA
+ Circulating Supply: 90,000,000 SAGA
+ Binance Launchpool: 4.5%
+ Ecosystem & Development: 30%
+ Airdrops: 15.5%
+ Foundation Reserve: 10%
+ Core Contributors: 20%
+ Investors: 20%
Token Usecase: Pays the cost of maintaining Chainlet, Staking and DAO
=> Comment: This is a pretty good project that provides services, solutions, and tools for other projects. The background is relatively stable, temporarily few competitors for long-term investment (I will keep an eye on it if the floor list is reasonable)
Information about Launchpool token #SAGA:
AEs can bet #BNB and#FDUSDto farm for 4 days from 7:00 a.m. April 5, 2024
Binance will list#SAGAat 21:00 on April 9, 2024 with trading pairs SAGA/BTC, SAGA/USDT, SAGA/BNB, SAGA/FDUSD and SAGA/TRY
+ BNB pool reward: 36,000,000 SAGA (80%)
+ FDUSD pool reward: 9,000,000 SAGA (20%)
- Hourly Hard Cap per user:
• 37,500 SAGA in BNB pool
• 9,375 SAGA in FDUSD pool
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