Saga is a non-profit foundation headquartered in Switzerland. It is governed by Swiss law and regulations, including the rules of the Swiss Federal Supervisory Board for Foundations (ESA), and the Financial Market Supervisory Authority (FINMA).
Saga has a growing team of experienced professionals who are developing practical solutions to fulfil the promise of a digital currency that can work within the existing financial system. The team includes experienced entrepreneurs, technology experts, researchers, economists and financial professionals.
Creating a currency is about striking a delicate balance between prospect and stability. Saga aims to provide a moderate, sensible middle way.
Funding the creation of Saga, however, involves a higher risk.
When designing the funding scheme, we decided not to conduct an ICO.
Instead, we opted to address accredited investors, those who have the experience to ask the hard questions, and to perform proper due diligence.
We are happy to find ourselves addressing the public, asking for trust - only when we have value to show for it - once the Saga currency is ready and launched.
Saga raises funding for its activities from accredited investors. A diversity of profiles was sought to reflect a variety of expertise. In addition, each investment is capped, to ensure a degree of decentralisation.
Saga Genesis is offered as a voucher token, SGN, to early supporters and investors, to reward them for taking a higher risk.