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Saga protocol is a layer 1 blockchain network built on the Cosmos SDK. It offers developers a unique opportunity to create their own VM-agnostic chain called “Chainlets” with unlimited horizontal scalability potential.
The security of these Chainlets, as well as the security and DAO governance of the Saga crypto network, is powered by its native $SAGA token. It is mainly used for paying fees to node runners and participating in decentralized votings within the network.
On November 20th, 2023, the company closed an Extended Seed funding round, where it managed to secure over $5M from Placeholder Ventures, Longhash Ventures, Com2uS, and other funds.
12 monthly cliff, then 33.36% release and 2.74% unlock every month for 24 months