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About Saga
Key Points
- Saga is a Layer 1 protocol that enables developers to create infinite horizontal scalability, parallelized, and interoperable dedicated chains (Chainlets).
- Saga’s mission is to enable the next 1000 chains in gaming and entertainment as part of the growing Saga Multiverse.
- 1 billion SAGA tokens were created at genesis, with an annual inflation rate of roughly 7%.
- The four co-founders are Rebecca Liao (CEO), Jin Kwon (CSO), Jacob Mcdorman (CTO), and Bogdan Alexandrescu (VP of Engineering).
- Saga is the only L1 to launch L1s, offering infinite horizontal scalability, costless transactions,
About Saga: Pioneering the Future of Digital Assets
Introducing Saga Protocol (SAGA): A Revolutionary Blockchain Solution
Saga is a pioneering Layer 1 protocol that empowers developers to effortlessly deploy VM-agnostic, parallelized, and interoperable dedicated chains, dubbed “Chainlets,” which furnish applications with boundless horizontal scalability. Each Chainlet constitutes a precise replica of the Saga Mainnet, inheriting the same validator set and robust security model.
Saga’s mission is to empower the emergence of the next 1000 chains, thereby revolutionizing the realms of gaming and entertainment within the ever-expanding Saga Multiverse.
Delve into the world of Saga by exploring their official website, where you’ll uncover a wealth of information about this innovative project.
The imminent mass adoption of blockchain necessitates a foundational infrastructure that is infinitely scalable, interoperable, and cost-effective, thereby empowering developers to create consumer-centric applications. By providing developers with the ability to dynamically provision dedicated blockspace that elastically scales with performance requirements, facilitates rapid bridging to other ecosystems, and offers pricing at commodity levels, Saga furnishes the comprehensive E2E infrastructure required to build the next generation of blockchain-based applications.
What Is the Circulating Supply of SAGA Coins?
SAGA Protocol successfully launched its mainnet on April 9, 2024, accompanied by the genesis creation of 1 billion SAGA tokens. The token supply is subject to inflation, governed by SAGA’s carefully crafted tokenomics, which aims to maintain an annual rate of approximately 7%.
For a more in-depth exploration of the SAGA token, please refer to this resource.
The Visionaries Behind SAGA Protocol: Meet the Founders
Saga boasts a formidable founding quartet, comprising Rebecca Liao, who assumes the role of CEO, Jin Kwon, who serves as CSO, Jacob Mcdorman, who spearheads the technical vision as CTO, and Bogdan Alexandrescu, who oversees engineering operations as VP of Engineering.
Rebecca Liao boasts an impressive entrepreneurial pedigree, having founded multiple successful startups in the realms of cryptocurrency and artificial intelligence, including Skuchain and Globality. Additionally, she has served as a high-ranking policy advisor in esteemed presidential campaigns, notably those of Biden and Clinton. Renowned for her innovative approach, Liao has consistently demonstrated an exceptional ability to forge groundbreaking cross-industry partnerships, yielding pioneering organizations that redefine the status quo.
Jin Kwon has been a stalwart contributor to the Cosmos ecosystem since 2018, when he assumed the role of Chief of Staff to the CEO at Tendermint. More recently, he has held the dual positions of VP of Corporate Development and Managing Director of Tendermint Ventures. With a diverse background that spans engineering, sales, marketing, and finance, Jin is driven by a vision to seamlessly integrate web3 into everyday life.
Jacob Mcdorman is a multifaceted entrepreneur, product visionary, and researcher, boasting a decade-long track record of nurturing his own and others’ product ventures to fruition. As a seasoned startup founder, development studio owner, and trusted advisor, he strikes a balance between visionary thinking and pragmatic approach.
Bogdan Alexandrescu, a seasoned technology expert, formerly held the position of Engineering Leader at Apple Inc., where he oversaw large-scale distributed computing, machine learning, AI, and infrastructure projects. Prior to this, he served as Tech Lead for Twitter Ads. As a founding partner at Blocktech Ventures, a venture capital firm specializing in frontier technology and blockchain, and a member of the Bitcoin Foundation, he continues to drive innovation in the industry.
Unveiling the Distinctive Attributes of the SAGA Protocol
Saga stands out as the pioneering L1 to spawn L1s, with the ambitious goal of delivering boundless horizontal scalability to developers. Each Saga Chainlet boasts the following features:
- Infinite horizontal scalability is achieved through parallelized appchain instances, enabling applications to elastically scale to their peak performance and speed with unparalleled flexibility.
- Transactions are costless, and chain fees are low and predictable, allowing developers to choose their preferred monetization model, including their own token, fiat, stablecoin, or even the token of another ecosystem. A daily reverse auction among validators sets Chainlet fees, fostering commodity pricing for blockspace.
- Automation is seamless, with developers able to launch a Chainlet with a single click in the Saga WebApp, streamlining the development process.
- Interoperability and fast bridging are facilitated through automatic asset transfer between Chainlets and Saga, as well as other ecosystems, leveraging async composability. Fast finality of transactions on each Chainlet also enables rapid bridging to other chains.
- A fully flexible stack is provided, offering developers their own dedicated chains, which can be tailored to their specific needs, ensuring optimal flexibility and customizability of the environment.
The Saga Chainlet Realm represents a paradigm shift in blockspace automation, extending beyond the Chainlet stack through the Saga Protocol. This innovative framework empowers developers to launch bespoke chains on Saga, each tailored with distinct features and services, including customizable technology stacks, security sources, and varied obligations for these sources. Within the Realm framework, the standard Saga Chainlet is poised to become one of many, with forthcoming support for an array of realms, including those tailored for Saga’s partners at Ethereum (Ethlets), Polygon, Avalanche, Celestia, XPLA, and numerous others.
The SAGA Network’s Robust Security Framework: A Comprehensive Overview
Saga’s mainnet is a fully decentralized, proof-of-stake blockchain that leverages the robust Tendermint consensus algorithm to ensure its security and integrity.
Acquiring SAGA Protocol (SAGA): A Comprehensive Guide
(Forthcoming)
The Saga Ecosystem: A Harmonious Convergence of Innovation and Interoperability
In a remarkably short span of nearly two years, Saga has witnessed exponential growth, with its protocol now supporting a staggering 350 projects, a significant 80% of which are focused on gaming. The remaining projects are diversified, with approximately 10% dedicated to NFTs and entertainment, and another 10% centered on DeFi initiatives. A comprehensive list of innovators can be accessed
here
.
Saga has also forged strategic partnerships with esteemed entities, including Polygon, Avalanche, MarbleX, Com2uS, and Celestia, to seamlessly scale their infrastructure via the innovative application of Chainlets.
In March 2024, Saga proudly introduced Saga Origins, a pioneering game publishing division dedicated to unleashing bold, expansive, and uncompromising gaming experiences onto the market. Notably, Saga has become the first and only web3 chain to establish a dedicated game publishing arm, providing developers with a unique partnership opportunity to bring their projects to life.
Saga Origins is dedicated to providing a comprehensive and collaborative approach to propel games onto the global stage. Unlike traditional methods, where developers would typically secure grants solely to develop and launch their games, Saga Origins offers a more extensive range of beneficial support services, including strategic partnerships with influencers to foster awareness, sponsored user acquisition campaigns, community building initiatives, and targeted promotional support.
Through the innovative introduction of Play-to-Airdrop, a remarkably potent web3-native user acquisition engine, Saga has successfully established a pioneering distribution channel for web3 applications, which has subsequently been widely embraced by numerous protocols within this sphere.