Songbird SGBPrice $ 0.000704

Songbird operates as a Canary network as part of the Flare ecosystem. The Flare network functions as a distributed network on which decentralized applications can be launched. The Songbird network serves as an operational blockchain on which developers can test their features for prospective release to the Flare mainnet. The Flare Network is a Turing complete Federated Byzantine Agreement network. It runs the Avalanche consensus protocol

Songbird’s native cryptocurrency is SGB. It is used as a test token and the main utility token for the protocol. It has a maximum supply of 15000000000. A Canary network differs from a testnet because the token supply is limited, on a testnet there tends to be an unlimited supply. 

What are Songbird’s key features and how does it work?

Songbird’s purpose is to provide an environment in which features and upgrades to its related main chain, Flare, can be tested and implemented prior to mainnet release. This includes testing changes to Flare’s architecture, F-Assets, and FTSO’s functionality. FTSO is Flare Time Series Oracle. Once voted on, it is also designed to be used as a testing environment for approved governance upgrades and implementations.

In addition, Songbird serves the purpose of allowing developer teams to conduct advanced testing and community building prior to the mainnet launch. This allows teams to confidently launch their applications once they have been fully tested and updated. Also worth noting, the Songbird network deploys a consensus mechanism that differs from mining and staking.

Songbird also operates as a layer-2 protocol for blockchain networks such as Bitcoin, Ripple, and Dogecoin, which are not smart contract compatible. In this manner, Songbird provides computational capabilities to such networks and allows developers to build on their blockchains.

Where can you buy SGB?

SGB is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are MEXC Global, Gate.io, and Kraken. The price of SGB will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for SGB market prices, please view the price charts on this page.