![]() ![]() While the asset is not strictly deflationary, the limited supply creates a more realistic simulation of the Mainnet. The maximum supply is programmed to increase by 10% each year. According to the platform’s tokenomics, the starting supply of Songbird coins was 15 billion. Unlike basic testnets, canary networks typically have a limited token supply. However, from December up to the first half of 2022, Songbird was on a decline, dropping to just $0.02 in May. The SGB price climbed upwards in November, around the time when Bitcoin (BTC) was seeing significant growth. The peak Songbird price recorded during the final quarter of 2021 was $0.72 in September, days after the launch.ĭespite its relatively short run compared to some of the biggest blockchains, Songbird has shown susceptibility to market trends. Within the first six months, the asset experienced significant volatility, although it did not exceed the $1 threshold. By first testing new projects on Songbird, users can patch the issues before the code goes live. The code development process is rarely flawless, and without QA testing, some high-risk vulnerabilities can be overlooked. The goal of the platform was to provide a testing environment in preparation for the Flare launch. The value recorded roughly a year after the asset's launch saw a 14x decline to $0.02. ![]() The Songbird crypto testing platform went live in September 2021. Rowan is the company’s CTO and a machine learning engineer. Usher is a quantum machine learning researcher and Flare’s Chief Scientist. Phillion is the CEO, as well as the Chair of the Global Esports Federation Metaverse Council. The Flare Network was co-founded by Hugo Philion, Dr. All Songbird price updates can be observed in the chart above. Similarly, canary networks are used to spot system vulnerabilities before the mainnet launch. If the canary died, it meant that dangerous gases had accumulated in the mine. Miners would take canaries to the coal mines to help detect danger. The name comes from the idiom “canary in the coal mine”. ![]() Songbird is used as the network’s testing environment that has its own native token SGB.Ī canary network is used as a blockchain testnet. Flare is a layer 1 blockchain that offers trustless dApp development and cross-chain interoperability. Songbird is the canary network for the Flare blockchain. ![]()
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