Flare Networks has announced a new Airdrop Fork as it plans to launch a Canary Network called "Songbird". Songbird will have its own token, Songbird ($SGB), which will be distributed once only and in the same ratio to all the same recipients of the FLR distribution.
$XRP holders who participated in the Flare Network (FLR) Airdrop snapshot in December will receive a Second Airdrop: The total starting supply will be 15 Billion with initial inflation of 10% per annum through the FTSO and validator rewards systems. This means for every 1 $XRP that was held at the time of snapshot 0.1511 $SGB will be allocated.
About Flare Network & Songbird
Flare Network is a distributed network running the Avalanche consensus protocol adapted to Federated Byzantine Agreement and leveraging the Ethereum Virtual Machine. It can thus be leveraged as a scaling method for smart contract networks without relying on economic safety mechanisms. The absence of a link between network safety and the native token, the Spark, allows for greater flexibility as to how the native token can be used.
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.
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