Led by veteran banking technologists and award-winning financial services experts, the Hex Trust Group has built Hex Safe, a proprietary bank-grade platform that delivers custody, DeFi, brokerage, and financing solutions for financial institutions, digital asset organizations, corporations and private clients. The Hex Trust Group is the leading fully licensed and insured provider of bank-grade custody and associated services for digital assets in Asia. Post-launch, Songbird will be the long-term network for testing governance-related changes to Flare. Pre-launch, Songbird will help Flare network test the FTSO (Flare Time Series ORacle), FAsset system, and network architecture. Songbird has two different phases: Flare network’s pre-launch and post-launch. With Songbird, developers can test decentralized applications before deploying them to the Flare network, and enable bridging of blockchains in a secure and decentralized way. A Canary network is an operational blockchain with a defined token supply intended to be used to test features for a related mainnet. Songbird is the Canary network for Flare, a blockchain built for universal connectivity. HT Markets also offers auto-compounding, a first-of-its-kind offering through its staking wallet service a feature that automatically claims and re-stakes rewards each epoch. Financial institutions and organizations holding the network’s native token - SGB - can delegate their voting power to HT Markets and claim rewards by staking from their Hex Safe account. 17, 2021, the first SGB tokens were airdropped to FLR enthusiasts.HT Markets has expanded staking support for Songbird, the Canary network for Flare. RelatedFlare's Songbird Sees Its SGB Token Up 40% in 24 Hours Their stakers will distribute 1.5 billion SGB in bonuses over the next year.Īs covered by U.Today previously, Flare Networks launched Songbird as a "canary network" to stress test Flare's technical and economic concepts. Early delegators are benefiting greatly.- Flare October 8, 2021 This means that all the FTSO rewards (1.5 Bn SGB over the next year) are going to the holders of those 2Bn tokens (apart from the fee paid to data providers). As per the estimations of the Flare Networks team, the first two billion SGB are already sent to Flare Time Series Oracles, e.g., the validation mechanisms of Songbird.Ĭurrently there are ~2BN SGB delegated to the FTSO. First two billion SGB are sent to FTSOsĪlso, SGB delegation processes are up and running. Launched in 2018, it supports USD, GBP, EUR, AUD and VND fiat currencies. MEXC Exchange is ranked in the top 100 of CoinMarketCap's exchanges by trading volume. The exchange team is preparing all of the necessary technical instruments for this airdrop, so its time and date will be disclosed soon. MEXC Exchange revealed the exact airdrop rate: for every one XRP held on Dec. 12, 2021, will receive their SGB tokens from Flare Networks. SGB comes to MEXC GlobalĪccording to the official announcement shared by MEXC Global cryptocurrencies exchange, it will support the airdrop of SGB tokens to XRP holders.Īll XRP holders who took part in the snapshot of Dec. SGB, a core native asset of Flare's "canary network," Songbird will be distributed between the clients of the large centralized exchange. First two billion SGB are sent to FTSOs.Flare's Songbird Airdrop Now Supported by One More Tier-1 Exchange Songbird crosses two billion delegated level while its token comes to MEXC Global ExchangeContents
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