DropsTab logo - blue line depicting the shape of a water drop with Christmas decoration
M. Cap$2.48 T 1.55%24h Vol$15,346.70 T 18774184.81%BTC$66,580.01 1.39%ETH$3,222.42 2.09%S&P 500$5,063.67 1.84%Gold$2,319.26 -0.72%BTC Dominance52.94%
  • #5078

Songbird SGB

SGB Price

$0.010658-1.44%
Price Range--
--

Market Cap 

--Rank #5078

FDV 

$171.48 MRank #3135

Investors

Twitter Followers

Detailed Performance

SentimentBearish

SGB shows Bearish signs against top cryptocurrencies, leading categories and blockchains over various time periods

Trading Pair1h24h7d1m3m1y
SGB/USD
0.81%-1.49%6.50%-18.74%32.91%13.49%
0.55%-2.80%-0.57%-20.58%-22.68%-53.18%
0.13%-3.46%0.30%-14.27%-9.66%-34.77%
0.27%-3.00%-7.03%1.39%0.10%-41.61%

SGB to USD Converter

SGB

Price History

All-Time High
$0.7133
66.93x to ATH
All-Time Low
$0.0037
2.88x to ATL
Trade Launch Date
28 Sep, 2021
938 days ago

Fundraising

See more
0.02xUSD ROI
0.02xBTC ROI
0.03xETH ROI
ICO Price
$0.533
Funds Raised
$220,000.00
Tokens Sold
400,000.00 SGB

Exchanges

Exchanges type

Gate.io
SGB/USDT
$0.0107$62,592.7836.145%Recently
MEXC
SGB/USDT
$0.0107$59,649.6034.445%Recently
Kraken
SGB/USD
$0.0106$24,930.5514.396%Recently
Bitstamp
SGB/USD
$0.0107$7,124.944.114%Recently
Bitstamp
SGB/EUR
$0.0107$5,295.603.058%Recently

About SGB

Songbird is a canary network for Flare, designed to test and deploy new functionality and smart contracts before they are implemented on the Flare network. It acts as a testing ground to ensure that everything operates smoothly before being deployed on the main network. It also aims to increase decentralization by allowing more participants to compete for rewards and making it harder for attackers to collude. The network uses a voting system where Songbird holders can vote on test proposals to determine their approval or rejection.

What makes Songbird unique?

One unique aspect of Songbird is its governance process. Every holder of Songbird (SGB) tokens has the ability to participate in the governance process by voting on proposals. The voting power is proportional to the amount of SGB tokens held by the voter. Additionally, SGB holders have the option to transfer their voting power to another account if they choose not to participate directly.
Another unique feature of Songbird is its FTSO (Federated Trust System Oracle) data provider system. The first Songbird proposal aims to reduce the vote cap per FTSO data provider from 10% to 2.5%. This change allows more FTSOs to compete for rewards and makes it harder for attackers to collude. The introduction of a secondary reward band further enhances the competition among data providers.
Overall, Songbird's governance process and FTSO system set it apart from other cryptocurrencies, offering transparency, community participation, and measures to strengthen security and prevent collusion.

Live Songbird Price Data

The current price of Songbird (SGB) is approximately $0.010658, reflecting a decrease of -1.44% in the last 24 hours. The SGB trading volume in the last 24 hours stands at $175,332.98.

For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Songbird's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on SGB, check out our crypto insights page.

Trending Assets

Nothing in Trending Today