saga-logo

Towards Worldwide Money

A token only becomes a currency once it is used by markets as a store of value and means of exchange. To date, no blockchain-based contender has achieved this goal. Adoption as currency is contingent upon the fulfillment of several conditions, chiefly: tamed volatility; regulatory oversight and efficient governance. Saga addresses all of these in its proposition for a new, global currency - SGA.

logo hero

The Essentials to Building A Currency

Image

Stability vs. Growth: Taming Volatility

Saga’s model permits variation in SGA’s exchange rate. However, it also utilises a variable reserve to moderate fluctuations so that stability is not jeopardised by unsustainable growth. Saga’s model is deeply inspired by monetary instruments used by central banks to build the currencies we all use today.

article image

Efficiency vs. Representation: Governed by Participants

Native blockchain governance is not enough. Allowing changes only when there is full consensus, favours representation over expertise and efficiency. Forking as a result of decision making should be used only as a last resort. Saga has implemented a governance model that allows both direct representation and delegation according to the various use cases.

article image

Innovation vs. Compliance: Wide Acceptance

A true currency must enjoy a critical mass of acceptance before it can be used as a means of exchange. This can only be achieved if regulation is met and public policy concerns are answered. Working under a competent regulatory framework, Saga performs a friendly, online onboarding process, which fully conforms with bank-grade regulatory procedures.

The Building Blocks of Saga

article image

Stabilization

A monetary model to balance the growth with stabilization instruments

article image

Transparency

Daily reserve attestations by the banks that hold it

article image

Liquidity

SGA is fully liquid from the start, allowing 24/7 buying and selling directly from the contract

article image

Expectability

SGA prices are predetermined by the contract for any given number of SGAs in circulation

article image

Interest-bearing

The interest on the reserve is reflected back to SGA holders

article image

Compliance

Streamlined online KYC and AML onboarding process, compliant with FATF frameworks

article image

Governance

A framework designed for SGA holders to be the sole sovereigns of the currency

article image

Hedging

Get access to an instrument that was only available to central banks

SGA Economy ChartinfoMove the line across the charts to see the SGA price and reserve ratio change according to Saga's market cap

Market Cap: -
Saga Price: -
Reserve Ratio: -
Reserve Value: -

buy sga

buy option icon

For Crypto-experienced Participants

buy option icon

Managing your Cryptoassets Over an Exchange?

buy option icon

Easily Buy SGA Using Fiat Money

Get Started with SGA

Saga’s liquidity model allows both the buying and selling of SGA to and from the smart contract. Holding SGA tokens in your wallet requires you to open an account with Saga.

icon

Quick Registration

icon

Add a Wallet

icon

Get SGA

News & Updates

17 December, 2019
Saga launches its cryptocurrency as Libra waits in the wings
09 December, 2019
A blockchain firm advised by Nobel laureate Myron Scholes just launched a rival to Facebook’s libra
03 December, 2019
This Cryptocurrency Seems Designed For A Post-State Society
09 December, 2019
Saga Stablecoin Goes Live Backed By Basket of Fiat Currencies
26 November, 2019
Everything Libra did wrong, Saga’s stabilized currency is doing right
26 November, 2019
Mangrove, Vertex and Lightspeed Venture Backed Stablecoin To Launch after $30M 2018 Investment
03 December, 2019
Who Needs a State-Backed Cryptocurrency, Anyway?
17 December, 2019
From Bitcoin to Saga: The four waves of digital currencies