The SGB token can also be used in the governance of the Flare Network and vote on the key decisions, including the addition of new blockchain compatibility or F-Assets. After the launch of Flare, Songbird will also be the platform where all apps that launch on Flare will initially get tested. Before the network launch (expected on July 4, 2022), it'll be used to test the network components. Songbird will have two distinct phases for Flare. Flare enables secure interoperability between chains, increasing blockchain scalability capacities. Flare enables any cryptocurrency, including those incompatible with smart contracts to be used in various DApps (decentralized applications). It's a low-cost, highly decentralized smart contract platform with high scalability and a low carbon footprint. The Songbird Network tests Flare’s architecture, F-Asset, and FTSO’s functionality and ensures the network's stability before the actual launch.įlare is the technology behind Songbird.
Songbird uses a consensus protocol that doesn’t rely on mining or staking. It's a functional blockchain with a limited token supply, built to test features of a corresponding mainnet for the layer-1 protocol, Flare. Songbird is the Canary Network of the Flare platform. supply, historical statistics, etc., and get updates on Songbird price in real-time on CoinStats, one of the best crypto platforms around.ĬoinStats is a cryptocurrency research and portfolio tracker app that provides investment advice and valuable information on cryptocurrencies, including their real-time prices, to help investors make better decisions. SGB or the Songbird token is the native token of the Songbird platform.Ĭheck the SGB Token current price, 24-hour trading volume, market capitalization, market cap rank, circulating supply, max. These include Gala Games, 888 TNW, Trustline, Global Esports Federation, Delchain, Lena Instruments, Flare Finance, Ola Finance, Flare Metrics and more (The Daily Hodl).Songbird is the Canary Network of Flare and is an operational blockchain network. Numerous DeFi projects, data providers, exchanges, wallets and custodians have expressed their intent to launch and test their applications on Songbird. The breeding grounds on Songbird already have produced FlareX, an experimental decentralized finance (DeFi) platform that as of January 2022 had completed an airdrop of 40 million EXFI tokens to SGB holders as well as to holders of Wrapped Songbird (wSGB), Cointelegraph reported. In late 2021, SGB was airdropped to XRP holders.
#Songbird price crypto series#
It was instrumental for deploying and testing the underlying network and the Flare Time Series Oracle (FTSO), which is the first of three protocols that'll eventually "combine to enable approximately 65% the value in the crypto industry to be used trustlessly on Flare with highly scalable Ethereum Virtual Machine (EVM)-based smart contracts,” The Daily Hodl said. SGB’s "observation mode" phase concluded in late September of 2021. That supply is kept scarce, by design, as features for Flare (main net) are thoroughly tested, the Songbird team has said. It’s a fully operational blockchain with a pre-defined token supply. DOGE) of/for the people but in need of more functionality, explained Hugo Philion, a co-founder of the Flare Network.Īlthough often compared to a testnet, a canary network is live, subject to real-world conditions. It’s focusing, to start, on popular, community-supported coins (e.g. Songbird is designed to be a permanent breeding ground for Flare, specifically built to be an enabler for those blockchains otherwise incapable of running smart contracts. Launched in September 2021, Songbird is Flare's "canary," or live beta, network. This still-in-development protocol aims to bring smart contract functionality to a slew of non-Ethereum-run layer-1 assets, such as Litecoin, Dogecoin, Stellar and XRP, currently lacking it. Firstly, a word about Flare, a recent entrant into the crowded and competitive "interoperability" space now energizing the entire blockchain industry.
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