Saga’s High Level Tokenomics
The total supply of $Saga at TGE is one billion tokens distributed as below:
Core Contributors (20%)
The OG Saganauts part of the core team who have been (and will be) working tirelessly to bring Saga into existence. Tokens subject to a 3 year lockup with a 1 year cliff starting at TGE. Unallocated and undistributed portions are held in the foundation until distribution.
Fundraising (20%)
The investors who shared in our vision of Saga. 15% has been allocated so far, and the remaining 5% will be held for future fundraising rounds. Tokens subject to a 3 year lockup with a 1 year cliff starting at TGE. Unallocated and undistributed portions are held in the foundation until distribution.
Ecosystem and Development (30%)
The Ecosystem and Development bucket is designed to expand the Saga ecosystem post-launch. These tokens will be used to fund communities and developers that augment and improve the Saga experience.
Foundation Reserve (10%)
Reserve for the foundation for use cases outside of fundraising, development and ecosystem expansion.
Airdrops (20%)
$SAGA tokens will be distributed to builders, stakers, hodlers and general end users that exhibit helpful behaviors for the Saga ecosystem. The 20% allocation will be distributed over multiple stages:
- 4.5% of total supply of tokens were allocated for our genesis airdrop(45,000,000 tokens). 15mm were claimed and distributed at TGE. The unclaimed portion will be distributed over airdrop events over time.
- 4.5% of total supply of tokens were distributed at TGE for Binance Launchpool
- 11% of total supply of tokens will be airdropped through multiple retroactive airdrop events
For further information, follow us on Twitter, join our Discord and Telegram and subscribe to our Medium.
