Introducing Songbird, the Canary Network for Flare

[RambeauTeasebox]

https://flare.xyz/introducing-songbird/

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We are excited to release our updated plans on the development and launch of Flare. At Flare we have been conducting extensive testing of the network and the various core Flare protocols that are intended to provide utility. Our testing has now reached a point with many elements where little more can be understood from further testing on an isolated test network. We will now progress to live testing on an operational blockchain in an adversarial environment. In the next 6 weeks we will be releasing a “Canary” network for Flare called Songbird.

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Songbird will have its own token, Songbird ($SGB), which will be distributed once only and in the same ratio to all the same recipients of the FLR distribution. Total starting supply will be 15 Billion with initial inflation of 10% per annum through the FTSO and validator rewards systems. This means for every 1 XRP that was held at the time of snapshot 0.1511 SGB will be allocated.

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Flare will launch after substantial testing of all systems on Songbird with the current final security audit scheduled to finish at the end of September.

 

 

[brianwalden]

Thanks, we've got more discussion going in the Flare Club: