Users can stake or mint the token without putting the token at risk. It has a circulating supply of 9.98 billion tokens. The SGB price is volatile, and its yearly inflation rate is 10%. SGB, the native token of Songbird, has a total supply of 15 bln tokens. It uses the consensus algorithm FBA (Federated Byzantine Agreement), making the network fast, cheap, and scalable. Songbird is a platform where developers can deploy smart contracts and test features before transferring them to the Flare Network. ![]() 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. Songbird is the Canary Network of Flare and is an operational blockchain network.
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