Songbird (SGB) Trading Down 7.9% Over Last 7 Days

Songbird (SGB) traded down 2.8% against the US dollar during the twenty-four hour period ending at 7:00 AM E.T. on November 21st. Songbird has a total market cap of $39.85 million and approximately $223,945.66 worth of Songbird was traded on exchanges in the last day. One Songbird token can now be bought for $0.0040 or 0.00000011 BTC on exchanges. Over the last week, Songbird has traded down 7.9% against the US dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• KILT Protocol (KILT) traded 7.9% lower against the dollar and now trades at $0.35 or 0.00000937 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.
• OmniaVerse (OMNIA) traded 6.6% lower against the dollar and now trades at $0.0007 or 0.00000002 BTC.
• Kitty Inu (KITTY) traded 1.9% higher 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 down 0% against the dollar and now trades at $0.0049 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 3.1% lower against the dollar and now trades at $0.0084 or 0.00000023 BTC.

Songbird Profile

Songbird launched on September 16th, 2021. Songbird’s total supply is 16,089,041,096 tokens and its circulating supply is 9,988,725,826 tokens. The Reddit community for Songbird is https://reddit.com/r/flarenetworks and the currency’s Github account can be viewed here. Songbird’s official Twitter account is @flarenetworks and its Facebook page is accessible here. The official website for Songbird is flare.xyz. Songbird’s official message board is flare.xyz/blog.

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 possible to buy alternative cryptocurrencies such as Songbird directly using US dollars. Investors seeking to acquire Songbird should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Songbird using one of the exchanges listed above.

SGB/USD price chart by TradingView