Saga (SAGA)

• Saga is a Layer 1 protocol that allows developers to automatically spin up VM-agnostic, parallelized and interoperable dedicated chains, or “Chainlets”, that provide applications with infinite horizontal scalability.

• $SAGA is the Saga Protocol’s native utility token and is used in the following functions:

  • Payment for Chainlets: Developers pay $SAGA tokens to the network validators to instantiate and keep their Chainlets alive.

  • Staking: Stakers help secure the network and receive $SAGA tokens and the tokens of projects building on the Saga protocol as a reward.

  • Governance: $SAGA token holders will be able to vote on network governance decisions.

• The Saga Protocol is a fully decentralized proof-of-stake chain. Each Chainlet has the same validator set and security model as the Saga Mainnet.

• Each Chainlet has the following features:

  • Infinite horizontal scalability: All Chainlets are parallelized appchain instances, allowing applications to elastically scale to their peak performance and speed.

  • Costless transactions and low and predictable chain fees: Developers can choose whatever monetization model they like, including a token of their own (or no token at all), fiat, stablecoin or even the token of another ecosystem. All Chainlet fees are set by a daily reverse auction among the validators, encouraging commodity pricing for blockspace.

  • Automation: Developers can stand up a Chainlet with the click of a button in the Saga WebApp.

  • Interoperability and fast bridging: Users can freely and quickly transfer assets between Chainlets - and Saga and other ecosystems - using automatic interoperability and async composability. Because each Chainlet offers fast finality of transactions, users can also take advantage of fast bridging out to other chains.

  • Fully flexible stack: Developers enjoy their own dedicated chains, allowing for optimal flexibility and customizability of the environment.

• Saga has raised $15 million to date. Investors include Placeholder, Maven11, Longhash, Samsung, Com2uS, Polygon, Merit Circle, Figment and Chorus One.

As at April 4th 2024, the initial total supply of $SAGA is 1,000,000,000. The total circulating supply will be approximately 90,000,000 (9% of the initial total supply) at TGE.

Key metrics (as at April 4th 2024)

1. What is Saga?

• Saga is a Layer 1 protocol that allows developers to automatically spin up VM-agnostic, parallelized and interoperable dedicated chains, or “Chainlets”, that provide applications with infinite horizontal scalability.

• Saga allows developers to launch Chainlets at the click of a button through shared security, cutting-edge validator orchestration and an automated CI/CD deployment pipeline standardized across any kind of blockchain VM.

• In a little under 2 years, Saga grew from 0 to 350 projects building on its protocol, 80% of which are gaming. Saga has also inked partnerships with Polygon, Avalanche, MarbleX, Com2uS, and Celestia to automatically scale their infrastructure using Chainlets.

1.1 Project mission

• Saga’s mission is to enable the next 1000 chains in gaming and entertainment as part of the growing Saga Multiverse.

1.2 Value Proposition 

• Mass adoption of blockchain is imminent, and developers need base infrastructure that is infinitely scalable, interoperable and cost-effective to support consumer applications.

• By allowing developers to spin up dedicated blockspace on demand that elastically scales with performance needs, opens fast bridging to other ecosystems and is priced at commodity levels, Saga provides the E2E infrastructure that developers need to build the next generation of applications on blockchain.

1.3 Project Key Highlights 

• All projects that build on Saga are part of the Saga Innovator Program, which as of April 1, 2024 included 350 projects. 80% of these projects are gaming. About 10% of projects are NFTs and entertainment, and 10% are DeFi. A full roster of Innovators may be found here.

• Saga also has partnerships with the following Layer 1 protocols to scale their infrastructure using Chainlets:

  • Polygon. Saga will automate Polygon CDK chains

  • Avalanche. Saga will automate Avalanche Subnets

  • Celestia. Saga will automated decentralized rollups with Celestia DA

  • MarbleX. Saga will provide scaling infrastructure to the MarbleX chain

  • Com2uS. Saga will provide scaling infrastructure to the Com2uS chain

• In March 2024, Saga unveiled Saga Origins, a new game publishing division devoted to bringing cutting-edge, quality games to market.

  • Saga is a web3 chain to establish a dedicated game publishing arm for developers to partner with to release their projects.

  • Saga Origins is committed to offering a full service and collaborative approach to bring games to a global mass market. Whereas developers would traditionally secure grants only to build and launch their games, Saga Origins offers added beneficial support, including partnerships with influencers to generate awareness, sponsored user acquisition campaigns, community building, and promotional support.

  • Through its on-going Play-to-Airdrop campaigns, Saga, game studios and guilds, all team up to organize tournaments where players are rewarded with highly sought after $SAGA tokens for their participation. Most recently in January, Saga completed its revolutionary The Three Kingdoms airdrop campaign with participating partners Avalanche, Polygon and Solana.