Name: Saga
Brand: Binance
Price: 0.05 USD
Availability: InStock

Price of Saga Today

The live price of Saga is $0.047449 per (SAGA / USD) with a current market cap of $16.31M USD. 24-hour trading volume is $12.22M USD. SAGA to USD price is updated in real-time. Saga is -5.43% in the last 24 hours with a circulating supply of 343.74M.

SAGA Price History USD

Date Comparison	Amount Change	% Change
Today	$-0.002723	-5.43%
30 Days	$-0.011252	-19.17%
60 Days	$-0.039608	-45.50%
90 Days	$-0.066403	-58.32%

Saga Chart Performance

24h Low & High

Low: $0.047331

High: $0.052189

The highest and lowest price paid for this asset in 24 hours.

All Time High

$7.81997

The highest price paid for this asset since it was launched or listed.

Price Change (1h)

-0.67%

The percentage change in price for this asset compared to 1 hour ago.

Price Change (24h)

-5.43%

The percentage change in price for this asset compared to 24 hours ago.

Price Change (7d)

-26.26%

The percentage change in price for this asset compared to 7 days ago.

24h Low & High

Low: $0.047331

High: $0.052189

All Time High

$7.81997

Price Change (1h)

-0.67%

Price Change (24h)

-5.43%

Price Change (7d)

-26.26%

About Saga (SAGA)

Saga is a Layer 1 protocol designed to enable developers to create VM-agnostic, and interoperable chains, referred to as "Chainlets." These Chainlets aim to provide applications with scalable growth potential.

The Saga Protocol operates on a decentralized proof-of-stake system, ensuring that each Chainlet maintains the same set of validators and security framework as the Saga Mainnet.

Each Chainlet offers:

Scalability: Designed as parallel appchain instances, Chainlets allow for the scalable expansion of applications, enhancing performance and speed.

Economical Transactions: Developers can choose their monetization strategies, including using their own tokens, fiat, stablecoins, or tokens from other ecosystems. The pricing for Chainlet fees is determined through a daily reverse auction among validators.

Easy Setup: Developers can initiate a Chainlet with a simple click in the Saga WebApp.

Interoperability: The protocol facilitates easy and quick asset transfers between Chainlets and between Saga and other ecosystems through its built-in interoperability and async composability. The fast finality of transactions on each Chainlet also supports efficient bridging to other chains.

Flexibility: Developers have the flexibility to customize their dedicated chains to suit their needs.

The protocol's native utility token, $SAGA, serves several functions:

Mode of Payment: Developers use $SAGA tokens to compensate network validators for initiating and maintaining their Chainlets.

Staking: Participants who stake their tokens contribute to the network's security and receive $SAGA tokens and tokens from projects on the Saga protocol as incentives.

Governance: Holders of $SAGA tokens can participate in the network's governance decisions.

Saga has raised $15 million from investors, including Placeholder, Maven11, Longhash, Samsung, Com2uS, Polygon, Merit Circle, Figment, and Chorus One.

The total supply of $SAGA currently is 1 billion, with an expected circulating supply of approximately 90 million tokens (9% of the total supply) at the Token Generation Event (TGE).

People Also Ask: Other Questions About Saga

Who Are the Founders of Saga Protocol?

The Saga Protocol was established by a team of four co-founders, each bringing unique skills and experiences to the project. The co-founders are Rebecca Liao, the Chief Executive Officer (CEO) and provides strategic direction and overall execution of the Saga Protocol. Jin Kwon is Chief Strategy Officer (CSO) and is responsible for developing and implementing strategic initiatives that align with Saga's mission and goals. Jacob Mcdorman is the Chief Technology Officer (CTO) and leads the technical development of the Saga Protocol. Bogdan Alexandrescu, Vice President of Engineering, oversees the engineering team, focusing on developing and deploying the Saga Protocol's infrastructure and features.

What Makes Saga Different From Others?

The Saga Protocol aims to distinguish itself as the sole Layer 1 (L1) blockchain framework that enables the creation of other L1 blockchains, aiming to provide developers with unlimited horizontal scalability. This is achieved through its innovative use of Chainlets—parallel appchain instances that permit applications to scale dynamically, ensuring optimal performance and speed. Unique to Saga, as per the project, is the feature of cost-effective transactions with low and predictable fees, where developers have the freedom to adopt various monetization strategies without being bound to a single model. This flexibility in transaction fees is made possible by a daily reverse auction among validators, promoting fair pricing for blockchain space.

How is the SAGA Network Secured?

The Saga mainnet ensures its security through a completely decentralized, proof-of-stake (PoS) model, utilizing the Tendermint consensus mechanism.

What is the Circulating Supply of SAGA?

Currently, the total supply of $SAGA tokens is set at 1 billion, with an anticipated circulating supply of around 90 million tokens.

What is SAGA Token Used For?

$SAGA, plays multiple roles within the Saga Protocol ecosystem. It acts as a currency that developers use to pay network validators for the creation and ongoing support of their Chainlets, ensuring the network's operational integrity. Additionally, $SAGA serves as an incentive for participants who stake their tokens, contributing to the network's security; these stakers are rewarded with $SAGA tokens and tokens from various projects developed on the Saga protocol. Furthermore, holding $SAGA tokens grants individuals the right to engage in the governance of the network.

How to Buy SAGA Tokens?

SAGA can be purchased directly from Binance using a debit or credit card. It can also be traded for other cryptocurrencies on the Binance exchange. Live SAGA price is updated in real-time on Binance. For additional instructions and information read our How to Buy SAGA Guide.