$SGB

ALL 0-9 $A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Sovereign Assets • Layer 1s • Payment Networks

Flare canary network token

Canary Network for FLR with Real Economic Utility — $SGB

$SGB is the native token of the Songbird Network, a live testing environment and experimental Layer 1 for the Flare ecosystem. Although originally launched as a testnet, $SGB operates as a fully functional blockchain with real token value, staking, and DeFi utility. It uses the same Flare Time Series Oracle (FTSO) system as Flare, allowing $SGB holders to delegate votes to data providers and earn passive rewards. Developers use Songbird to trial upgrades, dApps, and smart contracts before deploying them on the main Flare Network.

Use Case: $SGB is used for FTSO delegation, governance trials, DeFi farming, and simulating smart contract behavior in a real economic environment before launching on $FLR.

Key Concepts:

Canary Network — Live-testing network with real token value and impact
FTSO — Delegation system for decentralized oracle rewards
Delegation — $SGB holders assign vote power to earn passive income
Smart Contract Testing — Safe environment to simulate real-world dApps
Decentralized Incentives — Real rewards for experimentation and data accuracy

Summary: $SGB is the live, real-economy canary network of the Flare ecosystem. It provides developers and users with a unique environment to earn rewards, trial innovations, and shape mainnet features — all with real economic value and governance potential.

Feature	Details
Network Type	Canary Layer 1
Launch Date	September 2021
Primary Role	Testbed for Flare upgrades, dApps, governance
Reward System	FTSO delegation earnings
Real Token Utility	DeFi, NFTs, State Connector testing

$SGB Ecosystem Overview

Despite its origin as a canary network, the Songbird ecosystem has evolved into a vibrant testbed with real DeFi protocols, NFT platforms, and infrastructure dApps. Many of these tools are exclusive to $SGB or serve as trial deployments before launching on Flare mainnet ($FLR):

Project / Tool	Category	Purpose
SparkDex	DEX	Decentralized exchange for SGB, WSGB, and FAsset pairs
FTSO Providers	Oracle Infrastructure	Collects and submits price data to the network for reward delegation
Oracle Daemon	Staking Portal	Delegate SGB to FTSO providers and monitor reward rates
FAssets	Wrapped Asset Layer	Trustless minting of FXRP, FDOGE, and other non-smartchain assets
Songbird NFTs	Digital Collectibles	Experimental NFT platforms native to Songbird
State Connector	Interoperability	Bridges off-chain data and events into the Songbird smart contract layer

These components allow Songbird to function as more than a simulation chain — it’s a full-stack DeFi and infrastructure playground. Users can test yield strategies, validate oracle models, and deploy smart contracts under real economic pressure before porting to the $FLR mainnet.

« Index