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)
