Saga crypto protocol is a Layer 1 chain network designed to revolutionize developers' and users' interactions with blockchain networks. It offers a new solution for improved sovereignty and scalability called "Chainlets," which are VM-agnostic, parallelized, and interoperable chains powered by the PoS mechanism of the Saga protocol.
At the heart of Saga’s DAO and PoS mechanisms lies its native $SAGA token, which is used to pay fees within the network as well as participate in community votings.
In late 2021, the company closed a Pre-Seed funding round, securing over $2M from Ignite Inc. However, information regarding the amount of tokens sold and price isn’t publicly disclosed.
12 monthly cliff, then 33.36% release and 2.74% unlock every month for 24 months