The Block • Sep 27, 23
Bitcoin’s correlation with equities continuing to diverge
The correlation between bitcoin and equities will continue to diverge over the coming months due to the Fed's continued monetary tightening.
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Songbird
SGB
4.8
Songbird is not supported by Coinbase.
Market
Market stats
Market cap
-
Volume (24h)
$297,361.86
Circulating supply
-
All time high
$0.72
Price change (1h)
-0.99%
Price change (24h)
+1.28%
Price change (7d)
-10%
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Songbird is on the decline this week.
The price of Songbird has fallen by 10.00% in the past 7 days. The price increased by 1.28% in the last 24 hours. In just the past hour, the price shrunk by 0.99%. The current price is $0.0042 per SGB. Songbird is 99.42% below the all time high of $0.72.
The current circulating supply is 0 SGB.
About
What is Songbird (SGB)?
Songbird is a canary network for Flare. A canary network is a working blockchain with a defined token supply intended to be used to test the functionality of the associated mainnet. Users have a balance that cannot be replenished freely in the canary network. Flare network is a distributed network that is run on the Avalanche consensus protocol and utilizes Ethereum virtual machines.The Ethereum Virtual Machine is the software platform on which developers can build decentralized apps (DApps) on Ethereum.
Songbird has two different phases. Before the launch of the Flare network, Songbird was intended to help the Flare network test the FTSO(Flare Time Series Oracle), FAsset system, and network architecture. F-assets are a trustless representation of tokens from other blockchains that have been minted on the Flare Network for usage in DeFi protocols.The FTSO and FAsset protocols run on Songbird, generating FAsset from the underlying token. This process improves the security, stability, and reliability of the final release of Flare.
After Flare's launch, Songbird aims to be a long-term network for testing governance-related changes to Flare, including adding new FAsset, change to FTSO, FAsset system, or other network changes.
Songbird has two other core applications, advanced testing and community building of applications launched by Flare. Ideally, all applications launched with Flare, especially those that use the FTSO and FAsset systems, are tested with Songbird first. Second, as a way for FLR token (native token of Flare network) owners to become accustomed to the significant Flare protocols without jeopardizing the FLR tokens. Songbird is intended to familiarize them with delegating to FTSO, creating FAssets, and using applications built on Flare.
Songbird has its own token SGB, which is distributed only once and in equal proportions to all similar recipients of the FLR distribution. SGB tokens can be used to perform governance roles. Governance has nothing to do with implementing changes to Songbird itself (because Songbird is subordinate to Flare for this purpose). However, governance can help add chains, prices, and FAssets to the FTSO, and FAsset protocols. These are the changes not proposed by Flare Governance.
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Songbird Calculator
How much is 1 SGB?
Conversion Table
SGB/CAD (Canadian Dollar)
CA$0.0057
SGB/GBP (British Pound)
£0.0034
SGB/BRL (Real)
R$0.0210
SGB/EUR (Euro)
€0.0039
SGB/NGN (Nigerian Naira)
NGN 3.23
SGB/SGD (Singapore Dollar)
S$0.0057
Reading List
News
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FalconX participates in $3 million seed round for DeFi portfolio manager Bril Finance
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FAQ
What is the current price of Songbird?
We update our Songbird to USD currency in real-time. Get the live price of Songbird on Coinbase.
What is the market cap of Songbird?
The current market cap of Songbird is $0.00. A high market cap implies that the asset is highly valued by the market.
What is the all time high of Songbird?
The all-time high of Songbird is $0.72. This all-time high is highest price paid for Songbird since it was launched.
What is the 24 hour trading volume of Songbird?
Over the last 24 hours, the trading volume of Songbird is $297.36K.
What other assets are similar to Songbird?
Assets that have a similar market cap to Songbird include ITC, TAKI, 3air, and many others. To see a full list, see our comparable market cap assets.
How many Songbird are there?
The current circulating supply of Songbird is 0.
Can I buy Songbird on Coinbase?
No, Songbird is not currently available on Coinbase, but you can sign up to get the latest news on Songbird and be notified when it gets added to our exchange.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.