Only when a currency is proven reliable can it hope to gain acceptability within the broader market. Saga’s currency (SGA) is designed to replicate the healthy, long-term credibility and trust that many national currencies enjoy, into a global scope. The vision: ushering in worldwide money, meant to complement national currencies. SGA will assume that role based on four main characteristics:
Technology is not an end to itself. Saga's well researched monetary model is the fruit of a great interdisciplinary effort by economists, historians and technology specialists.
The building block of a currency is trust, but trust cannot evolve in a highly volatile environment. Saga's model uses a fiat reserve as a stabilising mechanism to support the constant growth of the currency, while gradually gaining intrinsic value and separating from it.
Privacy is important, but without accountability - there can be no trust. Saga therefore applies an online regulated KYC and AML process on its participants. Additionally, its banking partners provide daily, 100% transparent attestations about the reserve status.
Saga is developing a delegate-based governance structure to take and implement decisions. Saga will be governed by delegates of SGA holders benefiting from the efficiency and expertise enabled by a centralised governor whilst upholding SGA holders their governance prerogative.
Saga has a growing team of experienced professionals who are developing practical solutions to fulfill the promise of a digital currency that can work within the existing financial system. Our team includes experienced entrepreneurs, technology experts, academic researchers, economists, and financial professionals.Meet the Team
Decentralisation brings a whole set of questions with it. Questions that don't concern just the financial and technological spheres. The primary aim of Saga’s Research Institute is to design a governing framework that allows participants to take part in the decision-making process of blockchain-based organisations. Such a mechanism should reflect the preferences and interests of all parties, while supporting timely decisions that are based on knowledge and expertise. While the first model proposed in the Saga Institute is the Saga upcoming governance model, the institute researches more models for governance not relevant to Saga.Read More
We are humbled to enjoy the advice, experience and critique of prominent global leaders in their subject matter, towards whom we need to defend Saga’s model before it reaches the light of day.
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). The foundation council acts similarly to a Board of Directors and oversees the activities of the foundation.