Songbird Price (SGB)#199
The market capitalization of a cryptocurrency is its current price multiplied by its circulating supply (the total number of mined coins).Market Cap = Current Price x Circulating Supply.
Volume 24h is referring to the total amount of a cryptocurrency traded in the previous 24 hours.
Available supply or circulating supply is the best approximation of coins or tokens in circulation and publicly available.
The total supply of a cryptocurrency is referring to the total amount of coins in circulation or locked minus the removed ones.Total supply = Onchain Supply - Coins Removed from Circulation
The fully diluted market value is referring to a cryptocurrency's market cap when/if its total supply is issued.
Songbird Price Update
Songbird price is $0.024669 , down 0.59% in the last 24 hours, and the live market cap is $205.8M . It has a circulating supply volume of 8,342,108,959 SGB coins and a max. Supply volume of 16,319,178,082 SGB alongside $205.8M 24h trading volume.
The addresses and transactions of Songbird can be explored in https://songbird-explorer.flare.network/ .
Songbird website is https://flare.xyz/.
Songbird is the Canary Network of Flare and is an operational blockchain network. SGB or the Songbird token is the native token of the Songbird platform.
Check the SGB Token current price, 24-hour trading volume, market capitalization, market cap rank, circulating supply, max. supply, historical statistics, etc., and get updates on Songbird price in real-time on CoinStats, one of the best crypto platforms around.
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What Is Songbird (SGB)
Songbird is the Canary Network of the Flare platform. It's a functional blockchain with a limited token supply, built to test features of a corresponding mainnet for the layer-1 protocol, Flare. Songbird uses a consensus protocol that doesn’t rely on mining or staking. The Songbird Network tests Flare’s architecture, F-Asset, and FTSO’s functionality and ensures the network's stability before the actual launch.
Flare is the technology behind Songbird. It's a low-cost, highly decentralized smart contract platform with high scalability and a low carbon footprint. Flare enables any cryptocurrency, including those incompatible with smart contracts to be used in various DApps (decentralized applications). Flare enables secure interoperability between chains, increasing blockchain scalability capacities.
Songbird will have two distinct phases for Flare. Before the network launch (expected on July 4, 2022), it'll be used to test the network components. After the launch of Flare, Songbird will also be the platform where all apps that launch on Flare will initially get tested. The SGB token can also be used in the governance of the Flare Network and vote on the key decisions, including the addition of new blockchain compatibility or F-Assets.
How Does Songbird (SGB) Coin Work
Songbird is a platform where developers can deploy smart contracts and test features before transferring them to the Flare Network. It uses the consensus algorithm FBA (Federated Byzantine Agreement), making the network fast, cheap, and scalable.
SGB, the native token of Songbird, has a total supply of 15 bln tokens. The SGB price is volatile, and its yearly inflation rate is 10%. It has a circulating supply of 9.98 billion tokens. Users can stake or mint the token without putting the token at risk.
The current Songbird price is around 92% lower than its all-time high of $0,713340 reached on September 30, 2021.
Songbird (SGB) Coin Founders
According to the official Flare Network website, the Flare team is small and consists of highly specialized members. The co-founders of the protocol are Hugo Philion, investment and financial risk management specialist; Sean Rowan, engineer and Golang developer; and Nairi Usher, a researcher in Quantum Machine.
How to Buy Songbird (SGB) Coin
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