Songbird Logo

Songbird SGB

Songbird header image

1. Summary

Ranks

Liquidity
92
Developer
-
Social
98
Momentum (beta)
58
Stack Rank™
-
Price
$0.008871210000 -0.9%
Market Cap
$132.11M (#300)
Supply
14.83B / 18.03B
Price
52W High price $0.02
52W High date 2nd Mar 2024 (4 months ago)
All Time High (ATH) Date 30th Sep 2021 (2 years ago)
ATH Price $0.71
% From ATH -98.7%
All Time Low (ATL) Date 13th Oct 2023 (9 months ago)
ATL Price $0.003717760000
% From ATL 148.69%
Supply & Trading Volume
Trading Volume (24h) $440,058.00
Total Supply 18.03B
Circulating Supply 14.83B
Description

Songbird (SGB)

Songbird (SGB)

Songbird is the "canary" or live beta network for the Flare network, designed to be a permanent testing environment. It aims to enable blockchains that cannot run smart contracts to interact with the ecosystem. Songbird is based on a modified version of the Avalanche consensus protocol.

Token Overview

  • Symbol: SGB
  • Usage: Songbird token (SGB) is used to pay transaction fees, vote on network governance decisions, and interact with Songbird applications.
  • Launch: September 2021
  • Founders: Hugo Philion, Sean Rowan, and Dr. Naïri Usher
  • Token Distribution: Airdropped to XRP holders at a ratio of 0.1511 SGB per XRP held in eligible wallets

Key Features

  • Primary Function: Testing ground for new features before their deployment on the Flare network.
  • Consensus: Unique consensus algorithm called the Flare Consensus Protocol (FCP), aiming to reduce energy inefficiency.
  • Interoperability: Allows integration with Ethereum-based technology and non-fungible tokens (NFTs).
  • Governance: The SGB token facilitates community governance on the Songbird blockchain, with the Flare Foundation currently holding the majority vote.
  • Supply: Limited token supply, increasing by 10% annually.

Songbird's Role in the Flare Network

  • Layer 1 Blockchain: Songbird plays a crucial role in the Web3 development landscape, bridging blockchain cross-chain communication gaps without relying on centralized services.
  • Flare Network Integration: Songbird is by the Flare Network, allowing users to test their applications before deploying them on Flare.
  • Additional Features: Includes novel technologies like the State Connector, FTSO (Flare Time Series Oracle), and F-assets.
  • Practical Testing: Real-world testing facilitates practical application development, making Songbird an interesting case study in the crypto landscape.

Potential Value

  • Market Cap: Reflects the coin's economic standing within the broader crypto market.
  • Price History: The Songbird price has seen both highs and lows, notable for its initial growth and subsequent fluctuations.
  • Risk and Potential: Songbird's success is linked to the Flare network, though it has its own unique features that set it apart in the crypto space.
  • Future Bearing: Songbird continues to evolve, refining its approach to Web3 and its applications in blockchain interoperability.
2. Price

SGB

2.1. Market Performance

How does Songbird's (SGB) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-10.0%

SGB

0.5%

Similar Market Cap

60 Day Return

-32.1%

SGB

-23.1%

Similar Market Cap

1 Year Return

17.1%

SGB

14.3%

Similar Market Cap

3. Developer Activity

No GitHub repos found. Either the project is not open source or we don't have data yet.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers
Active Reddit Users (past 24h)
Discord users 45,307
Active Discord Users 1,626
Telegram Users 19,660
Twitter followers 275,692
5. News
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://flare.xyz/
Explorer https://songbird-explorer.flare.network/
Twitter @FlareNetworks

What is the correct contract address for Songbird?

Songbird 0x02f0826ef6ad107cfc861152b32b52fd11bab9ed

Has Songbird been audited for security?

No security audits found for this project.

Are you the owner of Songbird? Edit it here

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