Starting from 08:00 UTC on April 9th, we officially list Saga (SAGA) on the ONUS application. Soon after SAGA is added, users can perform the following features:
- Off-chain transactions: Send and receive SAGA with other users in the ONUS network.
- Trade: Swap from VNDC or USDT to SAGA and vice versa.
About Saga
Saga is a Layer-1 protocol designed to empower developers. It allows them to effortlessly create specialized chains (“Chainlets”) that work together seamlessly. These Chainlets are unique in that they can handle a massive amount of tasks simultaneously, function independently of virtual machines (VM-agnostic), and interact with each other. This translates to limitless horizontal scalability for applications built on Saga.
The Web3 gaming and entertainment sector is experiencing explosive growth. This industry has a critical need for custom blockchain environments that offer exceptional reliability (near-perfect uptime) as dictated by strict service level agreements (SLAs). Here’s where Saga shines – its features perfectly align with these requirements, making it highly appealing in this space.
As user engagement within the multiverse intensifies, the demand for smooth user experiences and top-notch performance soars. This puts immense pressure on crypto-based platforms to keep up. While the multiverse presents a thrilling and ever-expanding frontier, decentralized finance (DeFi) remains the cornerstone of Web3.
Saga’s advancements in blockchain technology pave the way for efficient processing of high-volume, low-value transactions. This unlocks a treasure trove of potential for entirely new DeFi applications, significantly expanding the possibilities within this crucial segment.
What is SAGA?
SAGA is a native coin of the Saga ecosystem, operating on Saga Protocol and can be used to:
- Powering Chainlets: Developers use SAGA tokens to pay the network validators to create and maintain their Chainlets.
- Securing the Network: Users who stake SAGA tokens help safeguard the network and are rewarded with SAGA tokens and tokens from projects built on the Saga protocol.
- Shaping the Future: Holders of SAGA tokens have the right to vote on proposals that affect how the network is governed.
Specifications
- Name: Saga
- Symbol: SAGA
- Type: Utility Token
