Saga (SAGA)

Tokenomics & Utility

SAGA launched with an initial allocation of one billion tokens. The original distribution set aside 30% for ecosystem and development work, 20% for core contributors, 20% for investors, 15.5% for airdrops, 10% for a foundation reserve, and 4.5% for Binance Launchpool. These figures describe how the initial allocation was divided; they do not describe how many tokens are available at any given time. Saga’s proof-of-stake design also provides token rewards to network participants. (binance.com)

SAGA has several connected jobs. Validators and delegators stake it to help secure the security chain. Developers use it in the process of provisioning and maintaining Chainlets. It also supports activity on the base chain, and project descriptions identify governance as another token function. In this way, demand for the token is linked to the network’s security and to the services developers use. (docs.saga.xyz)

Chainlet costs and the fees an app shows its users are separate matters. Saga’s model places the cost of operating a Chainlet with the developer. A developer can then choose how people pay to use the app: transactions may appear gasless to users, or the app may charge fees under its own rules. Those fees can be set in a token other than SAGA. “Gasless” therefore describes a possible user experience, while the chain still has operating costs. (assets-cms.kraken.com)