Flare’s Songbird (SGB) Airdrop Program will receive support from Binance as the crypto exchange Binance announces.
Recall, In July 20, Flare Networks rolls out Songbird, which is the canary network. That’s, an operational blockchain with a defined token supply that is intended to be used to test features for a related main net for the Flare blockchain.
More so, This is according to information from Flare describing Songbird
“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 for the ultimate launch of Flare.”
So, it continues.
“Post Flare launch, Songbird is intended to be a long term network for testing governance led…”
“changes to Flare, such as the incorporation of new F-Assets,…”
“changes to the FTSO, F-Asset systems or any other network change.”
“In all periods Songbird has two other core uses…”
Then, Flare explains better.
“First, advanced testing and community building for applications that wish to launch on Flare…”
“Ideally all applications that launch on Flare, especially those that utilize the FTSO and F-Asset systems will test initially on Songbird…”
More so, Flare continues.
“Second, as a way for FLR token holders to familiarize themselves with key Flare protocols such as delegation to the FTSO,…”
“minting of F-Assets and usage of applications that build on Flare without putting their FLR tokens at risk.“
Furthermore, Flare discusses about the native token $SGB:
“Songbird will have its own token, Songbird ($SGB), which will be distributed once only and…”
“in the same ratio to all the same recipients of the FLR distribution…”
“Total starting supply will be 15 Billion with initial inflation of 10% per annum through the FTSO and validator rewards systems…”
“This means for every 1 XRP that was held at the time of snapshot 0.1511 SGB will be allocated.”
Additional, Flare adds.
“There will be no pre-defined minting rewards pool,..”
“Instead that supply will remain with the Flare Foundation…”
“If you claimed FLR through self custody, you will use the same Ethereum style address but…”
“with a different chain ID to access Songbird. If you claimed your FLR through an exchange…”
“they will receive SGB on your behalf. You will need to ask them to distribute it to you.”
Conclusively, On September 16, Flare declares the launch of Songbird.
