Songbird (SGB) Trading Down 17.8% This Week

Songbird (SGB) traded down 3.4% against the U.S. dollar during the 24 hour period ending at 15:00 PM Eastern on April 16th. One Songbird token can currently be purchased for about $0.0100 or 0.00000016 BTC on major cryptocurrency exchanges. Songbird has a market capitalization of $147.52 million and approximately $485,071.90 worth of Songbird was traded on exchanges in the last day. Over the last week, Songbird has traded 17.8% lower against the U.S. dollar.

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

• KILT Protocol (KILT) traded down 3.6% against the dollar and now trades at $0.34 or 0.00000534 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower 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 0% higher against the dollar and now trades at $0.0086 or 0.00000014 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Songbird Profile

Songbird was first traded on September 16th, 2021. Songbird’s total supply is 16,089,041,096 tokens and its circulating supply is 14,748,573,643 tokens. Songbird’s official Twitter account is @flarenetworks and its Facebook page is accessible here. The official message board for Songbird is flare.xyz/blog. The official website for Songbird is flare.xyz. The Reddit community for Songbird is https://reddit.com/r/flarenetworks and the currency’s Github account can be viewed here.

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.”

Songbird Token Trading

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

SGB/USD price chart by TradingView