| General information | |
|---|---|
| Global rank: | 737 |
| Name: |
Saga |
| Symbol: | SAGA |
| Current coin price (CHF): | 0.050 CHF |
| Last hour: | arrow_upward1.36 % |
| Last 24 hours: | arrow_downward-0.940 % |
| Last 7 days: | 4.79 %trending_up |
| Capitalisation (CHF): | 17 304 154.44 CHF |
| Volume 24h (CHF): | 5 862 000.16 CHF |
| Available supply: | 343 499 723.00 SAGA |
| Total coin supply: | 107 000 000.00 SAGA |
| Algorithm: | ETH Token |
| Start date: | 01/06/2018 |
Saga/Swiss Franc (SAGA/CHF) price chart
Saga/Swiss Franc (SAGA/CHF) capitalisation and volume charts
SAGA is a stabilised currency that is not pegged to a single currency, and it is backed by a reserve that utilises the International Monetary Fund (IMF) as its unit of account. The reserve is held in a regulated financial institution where gathers interest to be paid out to the SAGA token holders. Regarding the reserve backing model it is variable starting with 100% backing in special drawing rights and decreasing gradually as its economy increase and market trust is demonstrated. The reduced backing is showed in price appreciation.
Interesting facts about SAGA are SAGA raised $30 Million making them one of the top 3 funded pre-launch stable coins and the price appreciation mechanism that allows the currency to evolve its intrinsic value while breaking the volatility.