We’re thrilled to announce that we’ll be supporting the Songbird (SGB) token airdrop for XRP holders!
The airdrop’s snapshot of XRP balances was taken on December 12, 2020 at ~00:00 (UTC). Client accounts (both spot and margin) that held XRP at this time have now been credited with 0.1511 SGB for every 1 XRP held on the platform.
Please note that clients residing in Japan are not eligible for this airdrop.
About leveraged positions
If you held a leveraged long spot position through the snapshot, you’ll be credited a balance of SGB corresponding to this position.
If you held a leveraged short spot position through the snapshot, we’ve waived any negative SGB balances that may have arisen.
Funding and Trading
When funding is enabled you can add SGB to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. This blog will be updated when funding and trading are activated.
Here’s what you need to know:
|Tradeable against||USD, EUR|
|Price precision||4 decimal places|
|Deposit confirmations required||60 confirmations (~2 minutes)|
|Not available in||Japan|
|Services available||Kraken, the Kraken Pro interface|
Keep an eye on the status page for updates.
What is Songbird?
Songbird is the Canary network for Flare. Songbird is intended to serve as an experimental blockchain where developers can test out their projects and governance mechanisms before deploying them to Flare. The SGB token serves as the network’s base currency, and may be used in the protocol’s governance.