SGB

1. Project introduction

Songbird is the canary network for Flare, the blockchain built for universal connectivity. A “Canary network” is an operational blockchain with a defined (and hence scarce) token supply that is intended to be used to test features for a related main net. 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. Post Flare launch, Songbird is intended to be a long term network for testing governance led changes to Flare.

In all periods Songbird has two other core uses. First, advanced testing and community building for applications that wish to launch on Flare. Second, as a way for FLR token holders to familiarize themselves with key Flare protocols such as delegation to the FTSO, minting of F-Assets and usage of applications that build on Flare without putting their FLR tokens at risk.

2. Team introduction

Co-founder & CEO: Hugo Philion

Linkedin: https://www.linkedin.com/in/hugo-philion-7562843a/?originalSubdomain=ae

Co-founder, CTO: Sean Rowan

Linkedin: https://www.linkedin.com/in/sprwn/

3. Investment institution

Digital Currency Group, Kenetic Capital, Coinfund, LD Capital, cFund, Wave Financial, Borderless Capital and Backend Capital, etc.

4. Application and distribution

Total supply: Total starting supply will be 15 Billion with initial inflation of 10% per annum through the FTSO and validator rewards systems.

SGB is used for governance about adding additional chains, prices and F-Assets to the Songbird state connector, FTSO and F-Asset protocols respectively.