SAGASaga (SAGA) Price

1. Project introduction

Saga is a Layer 1 blockchain protocol that enables developers to effortlessly launch application-specific blockchains, called Chainlets, with automated configuration and shared security. By restructuring how developers and end-users interact with blockchains, Saga simplifies the deployment of dedicated infrastructure, akin to deploying smart contracts. The platform is designed to offer infinite and horizontal scalability for Web3 infrastructure, targeting massive growth in gaming, entertainment, and beyond, while prioritizing network automation, developer experience, and ecosystem flexibility.

2. Team introduction

REBECCA LIAO - CEO

https://www.saga.xyz/team

JIN KWON - CSO

https://www.saga.xyz/team

BOGDAN ALEXANDRESCU - CO-FOUNDER & VP OF ENGINEERING

https://www.saga.xyz/team

3. Investment institution

Investors in the round include Maven 11, Longhash Ventures, Hypersphere, Figment, Polygon Studios, Samsung NEXT, Chorus One, GSR, C2X, CRIT Ventures, Merit Circle, Hustle Fund, Unanimous Capital, Strangelove Ventures, Tess Ventures, nfr, Akash Network, Zaki Manian, Jae Kwon, Garrette Furo, Alex Shin, Nick Tomaino, Peter Kim & Bo Du (Polymer) and several other angels.

4. Token application and distribution

Token application

SAGA tokens are used by developers to pay for provisioning and maintaining Chainlets, by validators and stakers to secure the network and earn rewards, and by all tokenholders to participate in protocol governance through voting. Beyond paying for Chainlet subscriptions, SAGA can be staked for network security and used for governance decisions affecting the platform's evolution.