Songbird (SGB)
| Market Cap | $0.00000000 |
|---|---|
| Trading Volume | $1,556,497 |
| Volume / Market Cap | – |
| Total Supply | 16,089,041,096 SGB |
| Max Supply | – |
Songbird is currently trading at $0.0117, after a price change of 1.17% in the last 24 hours.
Ranked as cryptocurrency #2688 by capitalization today, SGB market cap is valued at $0.00000000. SGB trading volume reached $1,556,497 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on SGB coin price prediction page.
What is Songbird?
Songbird is a Canary network for Flare. The protocol tests the Flare Time Series Oracle, the StateConnector, and F-Asset systems. The network will go live on Songbird with the F-Assets minted from the underlying tokens. Songbird has a scarce token supply and is developed to test features on a related mainnet. The Canary network restricts users from replenishing the tokens willfully.
After the launch of Flare, Songbird will be a long-term protocol for testing the governance dynamics of Flare. The changes include the integration of new F-Assets, alterations to the FTSO, or F-Asset systems change. All the applications that seek to deploy on Flare must first test on Songbird.
SGB is the native token of the Songbird network. There are 9.99 billion circulating company-reported SGB tokens from an uncapped supply of 15,727,397,260. SGB is distributed once only in the same ratio to all the holders of FLR tokens. The token features annual inflation of 10% through the FTSO and validator reward model.
Songbird was launched in 2021 by Flare Network. Hugo Philion, Sean Rowan, and Nairi Usher are the founders of Flare.