Exploring the economy of Saga

A brief introduction to Saga’s Monetary Model

Sögur Currency
May 19 · 3 min read
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Photo by Shane Aldendorff on Unsplash

How does it work?

The monetary model underpinning the Saga economy does not force the value of SGA to be static, but rather moderates price fluctuations so that they respond to the market’s long-term demand while fighting speculation. It will take time for Saga’s currency to gain credibility in the eyes of the public, so to this end, tokens are backed by a reserve kept in prominent fiat currencies. The ratio of the reserve to SGA in circulation, managed by mechanisms to stabilise value, is highest while SGA circulation is small. The ratio diminishes in a predetermined and predictable manner as the currency — and trust in it — grows.

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The Stories Behind Sögur

Take a part in Sögur’s re-examination of governance…

Sögur Currency

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Sögur is the democratic evolution of digital coins. Built to be self-sustaining, democratic, and global.

The Stories Behind Sögur

Take a part in Sögur’s re-examination of governance paradigms, and as it explores the fundamental structures of interpersonal exchange.

Sögur Currency

Written by

Sögur is the democratic evolution of digital coins. Built to be self-sustaining, democratic, and global.

The Stories Behind Sögur

Take a part in Sögur’s re-examination of governance paradigms, and as it explores the fundamental structures of interpersonal exchange.

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