![]() ![]() For the uninitiated, it involves creating an account on a crypto exchange where Songbird is listed, like Kraken or MEXC, and then trading other cryptocurrencies like Bitcoin or Ethereum for Songbird (SGB). The average trading volume over this period was approximately $273,000.īuying Songbird is a straightforward process for anyone familiar with cryptocurrency exchanges. The volume ranged from as low as $129,208 to as high as $484,083. Over the past month, Songbird (SGB) has experienced notable fluctuations in its trading volume. Recent fluctuations in SGB's trading volume However, like all crypto, investing in Songbird comes with its share of risks and should be approached with a well-informed strategy. The allure of Songbird as a good investment stems from its innovative approach to blockchain technology and its position as a precursor to the Flare Network. Like many cryptocurrencies, the Songbird price is susceptible to market trends and investor sentiment, making it a volatile yet potentially rewarding investment. The current price of Songbird is a reflection of its market demand and the perception of its future value among investors. Analyzing these price points in conjunction with market trends provides a nuanced understanding of Songbird's potential as a good investment. In stark contrast, its all-time low was recently marked at $0.00371776 on Oct 13, 2023. The all-time high for Songbird (SGB) was recorded at $0.713340 on Sep 30, 2021. The Songbird price has seen its share of highs and lows since its inception. Observing the market cap over time gives investors a sense of the coin's stability and growth potential.Īs of today, the market cap of Songbird is around $56.5 million, with a circulating supply of approximately 14.4 billion SGB and a total supply of approximately 17.7 billion coins. The market cap is a reflection of the total value of all Songbird coins in circulation, providing a snapshot of its current economic standing within the broader crypto market. ![]() With a constantly fluctuating market cap, Songbird's financial journey showcases the typical volatility inherent in the crypto space. For instance, oracle data providers in FTSO earn rewards for their activity, and SGB holders may delegate coins to chosen data providers to improve their voting power and earn a share of the rewards paid to them. Songbird's native token, SGB, plays a crucial role in governance, testing, and can also be used within key apps and services on Songbird - FTSO, State Connector, and F-Asset systems - as a testing ground. The distribution of SGB tokens was handled through snapshot mechanisms, wherein snapshots of XRP ledger index numbers were taken at specified times, and eligible holders were identified for SGB airdrops. reserves all rights of this event, including but not limited to adjustment, explanation and termination at any time.The Flare Network distributed SGB tokens on 16th September 2021, they were given to XRP holders via various exchanges at a rate of 0.1511 SGB:1 XRP. DigiFinex will make the best efforts to list high-quality token projects, but will not be responsible for any of your trading losses.ĭigiFinex ()DIGIFINEX LIMITED. Please ensure you have done your own research in regards to the fundamental concepts and fully understand this project before opting to trade. Risk Alert: This is a new token project that poses higher risks than others, which will face potential high price volatility. Flare’s development team features experts from the worlds of electronic engineering, distributed systems, quantum computing, mathematics, computer science, quantitative finance and risk management. Flare is unique in that it derives its network structure from its underlying integrated networks, leveraging the decentralisation and security of the underlying networks. The platform’s native token Spark (FLR) will enables Flare to unleash the tremendous value in diverse ecosystems and blockchain communities. ![]() Flare's technology, which is the engine behind Songbird, is a scalable, low carbon, low cost, highly decentralized smart contract platform that runs the Ethereum Virtual Machine and utilizes Federated Byzantine Agreement-based consensus. Songbird, Flare’s Canary Network marks a key step for the entire industry in enabling tokens on networks without smart contracts to be used trustlessly and in a non-custodial manner for the first time with scalable smart contracts. ![]()
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