Songbird (SGB) Self Reported Market Cap Reaches $148.50 Million

Songbird (SGB) traded down 6.5% against the U.S. dollar during the twenty-four hour period ending at 14:00 PM Eastern on April 27th. Over the last seven days, Songbird has traded 2.2% lower against the U.S. dollar. Songbird has a market capitalization of $148.50 million and $501,954.02 worth of Songbird was traded on exchanges in the last 24 hours. One Songbird token can now be purchased for $0.0101 or 0.00000016 BTC on exchanges.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• KILT Protocol (KILT) traded down 7.4% against the dollar and now trades at $0.30 or 0.00000471 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 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 1.2% higher 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 1.4% higher against the dollar and now trades at $0.0096 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 14,762,278,241 tokens. Songbird’s official Twitter account is @flarenetworks and its Facebook page is accessible here. The official website for Songbird is flare.xyz. The official message board for Songbird is flare.xyz/blog. 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.”

Buying and Selling Songbird

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

SGB/USD price chart by TradingView