Songbird Self Reported Market Cap Hits $131.38 Million (SGB)

Songbird (SGB) traded down 0.4% against the U.S. dollar during the 24 hour period ending at 13:00 PM Eastern on May 23rd. Over the last week, Songbird has traded 5.4% higher against the U.S. dollar. One Songbird token can now be purchased for about $0.0089 or 0.00000013 BTC on popular exchanges. Songbird has a total market capitalization of $131.38 million and approximately $351,088.71 worth of Songbird was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed over the last day:

• KILT Protocol (KILT) traded down 10.9% against the dollar and now trades at $0.27 or 0.00000398 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded down 4.1% against the dollar and now trades at $0.0100 or 0.00000015 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Songbird Token Profile

Songbird was first traded on September 16th, 2021. Songbird’s total supply is 16,089,041,096 tokens and its circulating supply is 14,814,056,876 tokens. The Reddit community for Songbird is https://reddit.com/r/flarenetworks and the currency’s Github account can be viewed here. Songbird’s official Twitter account is @flarenetworks and its Facebook page is accessible here. Songbird’s official message board is flare.xyz/blog. Songbird’s official website is flare.xyz.

According to CryptoCompare, “Songbird is the Canary network for Flare, it will have two distinct phases. Prior to the launch of Flare, Songbird will be instrumental in the continued testing of the Flare Time Series Oracle, the StateConnector and F-Asset systems and the network architecture. The FTSO and F-Asset protocols will be live on Songbird with F-Assets generated from the underlying tokens. This will improve the security, stability and credibility of the ultimate launch of Flare.

Songbird has its own token, Songbird ($SGB), which was distributed once only and in the same ratio to all the same recipients of the FLR distribution.

SGB is the main utility and test token for the protocol. This token has a capped supply of 15 billion tokens. Notably, SGB was airdropped to eligible holders of Ripple’s XRP in July 2021. The system was set up to distribute 0.1511 SGB per every 1 XRP held. This was the only distribution of the token. There was no pre-mine conducted by the developers.”

Buying and Selling Songbird

It is usually not possible to purchase alternative cryptocurrencies such as Songbird directly using U.S. dollars. Investors seeking to acquire Songbird should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Songbird using one of the exchanges listed above.

SGB/USD price chart by TradingView