Flare Networks finally announced the completion of distribution of Songbird, the Canary Network of Flare Networks. The Canary Network of Flare refers to the operational Blockchain network that works with a limited supply of tokens. At present, Songbird has two unique protocols that include the F-Asset and FTSO protocols. These two protocols ensure the credibility, stability, and security of the Songbird SGB.
Songbird has two essential uses. The first use is to empower the testing and development of community for the applications of Flare Networks. The second is to make the FLR token holders acquainted with the the core protocols of Flare Networks. However, even though the official distribution of Songbird is complete, the team at Flare Networks still needs to work on quite a few technical processes to enable users to use the platform’s tokens on exchange forums, according to Bitrue reviews.
The platform is currently looking forward to the listing of the Songbird SGB tokens on the exchange forum of Bitrue to enable users to start trading in Songbird SGB from 27th September 2021. Users are advised to keep an eye on the official Twitter handle of Flare Networks to stay updated on the distribution stats of the Songbird SGB.The distribution of the Songbird SGB shall take place on Bitrue right before the trading begins.
The Ripple holders of Bitcoin will receive an amount of the Songbird SGB token equivalent to the amount of XRP that they hold on the Bitrue platform. As of now, users can purchase FLR tokens of Flare Networks as an IOU on Bitrue. It is to be noted that the amount of FLR that one holds will have no effect on the amount of SGB received during the distribution of the Songbird SGB on Bitrue. Bitrue may also launch the Flare Networks token on the exchange forum if the Songbird SGB performs well on the platform.