![]() ![]() In the end I have some high hopes for both Songbird and Flare, and I'm planning to be with both for the long run. Actually at that time I was wanting to increase the amount in Songbird a bit. Roles of Songbird Test Flare technology in a live environment prior to deployment on mainnet. Last I added up, Songbird was almost 5% of my crypto total and almost 4% total investments so that's meaningful. Flare’s canary network is called Songbird, and it is furthermore the first stage in Flare’s governance system. I guess meaningful money needs to be defined too. Inherently the best returns come from early stage projects so while I think it's reasonable to not YOLO everything into Songbird or Flare for that matter, putting money in also makes sense to me. I can understand being hesitant to put money in Songbird, but the saying "no risk, no reward" holds true. Everything that I've seen makes me believe both teams are experienced and methodical which means the most likely situation is the code is good and the systems are stable. I doubt they or the Flare Networks team are the kind to just post code without checking it. Also Flare Finance puts that warning because errors are technically possible. I think the dynamic between Flare and Songbird will mean Songbird is worth something, but some of the value inherent in Songbird will accumulate in Flare, given that Songbird is a testing network. Can canary networks be worthwhile? Well, Kusama is worth quite a bit of money and Flare Finance already has quite a bit of money in it according to some graphics about DeFi platforms that I've seen. Technically it's a canary network, so they're hoping any hacks or bugs show up in some way on Songbird so they can be patched before any chance of causing problems on Flare. The firm’s management further noted that supporting the airdrop does “not mean that Revolut will list Spark token as a tradable asset in future.” Their default position is that they “will not list any asset until it has passed Revolut’s Crypto asset selection process and other required regulatory/legal checks.” The company added that until that time, clients will not be able to view, buy, or sell Spark tokens in their Revolut app.Personally I've put some money into Songbird. The Fintech firm also mentioned that there’s “always extreme uncertainty around events like this.” Number of Spark tokens for User X = (Number of XRP tokens held by user X at snapshot / Total XRP held by Revolut at Snapshot) * Total Spark tokens received by Revolut during the Airdrop.The number of Spark tokens for each user that “holds XRP at the snapshot time” will be calculated as: Revolut has also shared a quick recap on these airdrops: Revolut’s management noted that once these 6 things happen, they’ll be “better placed to give you more information regarding Songbird, and we’ll reach out with more details.” Until then, clients need not do anything, the company clarified. Regulatory and legal due diligence “regarding this token being completed”.Our blockchain infrastructure partners “adding support for the Songbird token based on responses they are awaiting from Flare Networks”.Our various trading partners “completing the technical work to list Songbird as a tradeable asset if they decide to do so”.Our various trading partners “confirming if Songbird tokens will be listed as a tradeable asset”.Having the technical questions about Songbird from our blockchain infrastructure providers “answered by Flare Networks”. ![]() As noted in a blog post by Revolut, the Fintech platform may proceed with the next steps or decisions on their side regarding Songbird, but they’re “dependent” on the following: ![]()
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