Songbird (SGB) stands as Flare's Canary network, testing features with limited tokens, fostering blockchain interoperability, and enabling DeFi innovation. More
| Fully Diluted Valuation | $101.94M |
|---|---|
| 24H Trading Volume | $214,856 |
| 24H Low / High | $0.01 / $ 0.01 |
| Circulating Supply | 15.91B |
| Total Supply | 18.83B |
| Max Supply | ∞ |
| Categories | Smart Contract Platform |
|---|---|
| Founder | Hugo Phillion 2 more |
| Website | docs.flare.network 1 more |
| Socials | 1 more |
| Explorer | Flare |
| Name | Pair | OG Score |
|---|
Songbird (SGB), launched as the native token for Songbird, acts as a pivotal element within the Flare ecosystem, functioning as a Canary network. Serving as a robust testing environment for Flare's functionalities, such as the Flare Time Series Oracle (FTSO) and the FAsset system, Songbird's primary role lies in scrutinizing and refining features before they transition to the Flare mainnet. Unlike traditional testnets, Songbird distinguishes itself with a limited token supply allowing for a more realistic testing environment.
Operating as a layer-2 protocol, Songbird extends its influence beyond Flare, offering computational capabilities to non-smart contract-compatible blockchains like Bitcoin, Ripple, and Dogecoin. Through its State Connector, Flare achieves enhanced blockchain interoperability, empowering decentralized applications to seamlessly integrate Web2 data while facilitating cross-chain composability. This innovation not only solves the oracle problem but also fosters a unified and scalable Web3 environment, paving the way for widespread DeFi utilization across multiple blockchain ecosystems.
Songbird, conceived as the canary network for Flare, underscores the vision of universal blockchain connectivity and interoperability. Launched as part of the Flare ecosystem, these networks operate with a consensus mechanism distinct from mining and staking, providing a unique testing ground for enhancing Flare's architecture and enabling cross-chain composability for decentralized applications, fostering an era of seamless connectivity and utility across diverse blockchain platforms.
Songbird functions as a Canary network, distinct with limited tokens for realistic testing and extends interoperability to non-smart contract blockchains.
Songbird was co-founded by Hugo Philion (CEO), Sean Rowan (CTO) and Nairi Usher (Chief Scientist). The three co-founders met while studying at University College London.
Songbird has garnered support from many investors and backers such as Flare Network team.
Songbird operates with a distinct consensus mechanism apart from mining and staking, testing enhancements for Flare's architecture.
You can buy Songbird (SGB) on MEXC, Gate.io, Kraken, BitstampDigiFinex cryptocurrency exchanges.
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