![]() None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. The current plan is to issue 3% of the remaining airdrop funds per month for a period of up to 34 months. Recipients will be able to access 15% of the amount directly, whereas the rest will unlock gradually. Once the Flare testing on Songbird completes later this month, the FLR airdrop should commence shortly. Two airdrops are coming their way, although it will take a while until they both complete. These are exciting times for all XRP holders. They are not obligated to do so, however. Moreover, those who claimed FLR through an exchange will not receive SGB automatically unless the exchange decides to facilitate the funds forwarding process. That is because claiming the airdrop without relying on third-party custodial solutions is the only option to receive SGB tokens. There will also be a final audit of Flare’s code by the end of September 2021.įor the SRB airdrop, users need to follow the same process as claiming FLR but with a different chain ID. Once this testing completes, Flare will launch on the main chain. Instead, Songbird will serve as a dedicated network to test all functionality over the next few weeks. That is normal, as the Flare network isn’t live yet. Most XRP holders will know the Flare airdrop has not taken place yet. Why Songbird Matters For The Flare Airdrop ![]() It is a slightly limited form of governance – as Flare’s team will oversee the implementation of changes without community voting – but it can still prove worthwhile to participate. However, it will not pertain to changes coming to Songbird but primarily focus on adding more chains, price, F-Assets, and so forth. Recipients of the SGB token will gain access to governance roles. ![]() Phase two, which occurs after Flare launches, lets the team test governance-led changes, including adding more F-Assets, modifications, and so forth. The first phase will see Songbird facilitate continued testing of the Flare Time Series Oracle, F-Asset systems, network architecture, and the StateConnector. Songbird will serve multiple purposes and rolls out in phases. This airdrop will work with exchanges, but eligible users will not receive their share. First, however, users will need to move their XRP balances to a wallet under their control. That token will be airdropped to XRP holders in the coming weeks at a ratio of 1:0.1511. For Songbird, the native token will be SGB. However, it is not the same as a testnet, as users have a balance they cannot replenish on demand. The operational blockchain lets the team test features for the related main net. Therefore, moving from testing Flare’s protocols in an isolated network to live testing on an operational blockchain is crucial. ![]() There’s a good reason for this delay, as Flare is launching a canary network known as Songbird. The snapshot has been taken, but the token distribution will have to wait. More Airdrops For XRP HoldersĮven though most XRP hodlers eagerly await the Flare Protocol (FLR) airdrop, that will not happen just yet. Once Songbird deployment is complete, the Flare protocol will go live on the mainnet, and the FLR airdrop should finally commence. Songbird, or SGB, is the canary network to Flare Network. Holders of Ripple’s XRP will be pleased to hear there is another airdrop coming their way. ![]()
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