Songbird Price

Songbird (SGB) is the native cryptocurrency of the Songbird network, which serves as a canary network for the Flare ecosystem. Launched in September 2021, SGB functions as a utility token used for: 1. Paying transaction fees on the network 2. Participating in network governance through voting 3. Securing the network through its consensus mechanism Currently ranked #496, SGB is trading at $0.005606 with a 24-hour change of +2.65%. The token has a total supply of 18.75B SGB and a circulating supply of 15.81B SGB. SGB enables developers to test applications before deploying them on the main Flare network, making it an essential component of the broader Flare ecosystem that focuses on bringing smart contract functionality to non-smart contract cryptocurrencies. The token's price has ranged between $0.005 and $0.00575 in the past 24 hours, with a trading volume of $756K.

Songbird was created on September 16, 2021. It was launched as a canary network for the Flare Network, designed to provide a testing environment for applications before they are deployed on the main Flare Network. Songbird serves as both a utility token and a governance token within its ecosystem, allowing holders to participate in network decisions and access various services.

Songbird was co-founded by Hugo Philion (CEO), Sean Rowan (CTO), and Nairi Usher (Chief Scientist). These three founders established the Songbird network as part of the Flare ecosystem. Hugo Philion serves as the CEO, bringing leadership to the project, while Sean Rowan contributes technical expertise as CTO, and Nairi Usher provides scientific guidance as Chief Scientist. The founding team launched Songbird in 2021 with the vision of creating a canary network for Flare that would enable testing of new features and applications before deployment on the main Flare network.

Songbird operates on the Songbird network, which functions as a high-speed blockchain environment designed to accelerate innovation and facilitate new decentralized application launches. As a canary network for Flare, SGB allows users to safely test potential network upgrades before implementation on the main Flare blockchain. The network utilizes a unique consensus mechanism that combines elements of Federated Byzantine Agreement (FBA) with Flare's native Flare Time Series Oracle (FTSO), enabling fast transaction processing and enhanced security. SGB tokens serve multiple purposes within the ecosystem, including governance voting, providing data to the FTSO system, and paying for network transactions. With a total supply of 18.75B SGB tokens, Songbird supports smart contracts and cross-chain interoperability, making it particularly valuable for developers looking to build and test applications in a production-like environment before deploying to Flare.

Songbird operates on a layered technical architecture designed for scalability and security. At its core, it uses a modified Proof-of-Stake consensus mechanism called the Flare Time Series Oracle (FTSO), which enables validators to provide price data feeds. The network implements the Avalanche consensus protocol for fast transaction finality. The architecture includes the State Connector system that allows Songbird to securely read state from other blockchains without relying on centralized oracles. It also features the Flare Virtual Machine (FVM) which is EVM-compatible, allowing developers to deploy Ethereum-based smart contracts. Songbird's architecture supports native interoperability with multiple blockchains through its F-Asset system, enabling wrapped versions of tokens from other networks. With a total supply of 16,089,041,095 tokens, Songbird serves as both a utility token for network operations and a governance token for protocol decisions.

Songbird has a promising future as part of the Flare Network ecosystem. The roadmap focuses on expanding the network's utility through F-Asset systems, state connector technology, and enhanced DeFi capabilities. As a canary network, Songbird plays a crucial role in testing new features before implementation on the main Flare network. Key upcoming developments include: • Enhanced cross-chain interoperability • Expansion of the developer ecosystem • Integration with more blockchain networks • Improved governance mechanisms • Scaling solutions for better transaction throughput With $0.005606 currently and a market cap of $88.67M, Songbird aims to increase adoption through strategic partnerships and continued technical innovation through 2025 and beyond. The team's focus remains on building sustainable infrastructure for decentralized applications while maintaining security and scalability.