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BitStamp Will Support Songbird (SGB) Distribution

From BitStamps website:


We’re receiving numerous inquiries regarding the distribution of SGB as part of the Flare’s airdrop, so read on if you held XRP in your Bitstamp account on 12 December 20 – it concerns you.


Along with the launch of the Canary Network, an operational blockchain for live testing with a defined token supply, Flare Networks is distributing Songbird tokens (SGB), intended to be used to test features associated with their main net – Flare. The Flare network itself will bring Ethereum-based smart contracts to non-Ethereum Virtual Machine compatible networks like the XRP Ledger. You can find more info here.


Ok, back to the SGB airdrop. It will be distributed in a single drop, and in the same ratio to all the same recipients that are eligible to receive participated in the FLR distribution. So, for each XRP, that the users held at the time of the December snapshot, they will get 0.1511 SGB.


The Flare Network hasn’t provided an exact date on when the SGB tokens will be distributed. So, we inform all our customers who are eligible to receive the SGB tokens on their Bitstamp account, that for the time being, we are preparing the necessary framework to distribute the tokens once they’re distributed by the Flare Network.


In other words, we will receive SGB on your behalf, and move it to your account once the technical background is prepared, and once the distribution is completed by the Flare Network.


We’ll keep you up to date with the unfolding of events related to Flare and the airdrop, so stay tuned!


For more info on the exact date or any other details regarding the SGB tokens or the Songbird project, we suggest you contact the Flare Network directly.



XRP Merchandise 


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