Saga (SAGA)

Saga was founded by a team of four: Rebecca Liao (CEO), Jin Kwon (CSO), Jacob Mcdorman (CTO), and Bogdan Alexandrescu (VP of Engineering). The project aims to make launching a blockchain as easy as creating a smart contract. These new blockchains are called Chainlets, and are all infinitely scalable and flexible. Additionally, they feature low transaction costs and interoperability, allowing easy transmission of information across multiple chainlets. This Saga Multiverse ensures that multiple blockchains can coexist safely and efficiently and communicate with each other. This is facilitated through Pegasus and Origins. Pegasus simplifies the process of creating chainlets. When a developer wants to launch a new blockchain application, they can simply deploy their compiled smart contract on the mainnet. Origins facilitates smooth communication between the different chainlets and the mainnet, ensuring all transactions and data are securely and reliably transmitted. Many projects built on Saga are games via Saga Origins, making Saga the first and only web3 chain to establish a dedicated game publishing arm for developers to partner with to release their projects. Within the protocol, the SAGA token is used. It serves as two conceptual components: the front end and the back end. The front end is the portion of the token flow between the end users of Chainlet and the developers of Chainlet. The back end is the portion of the token flow between the developers of Chainlet and the Saga chain. Various fees and costs within the protocol are paid with SAGA tokens. It is also possible to stake SAGA.