Kraken Helps the Songbird (SGB) Airdrop for XRP Holders

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We’re extremely joyful to announce that we’ll be supporting the Songbird (SGB) token airdrop for XRP holders!

The airdrop’s snapshot of XRP balances used to be taken on December 12, 2020 at ~00:00 (UTC). Shopper accounts (each spot and margin) that held XRP at the moment have now been credited with 0.1511 SGB for each and every 1 XRP held at the platform.

Please notice that shoppers dwelling in Japan don’t seem to be eligible for this airdrop.

About leveraged positions

In the event you held a leveraged lengthy spot place in the course of the snapshot, you’ll be credited a steadiness of SGB akin to this place.

In the event you held a leveraged quick spot place in the course of the snapshot, we’ve waived any unfavorable SGB balances that can have arisen.

Investment and Buying and selling

When investment is enabled you’ll upload SGB in your Kraken account by means of navigating to Investment, settling on the asset, and hitting Deposit. This weblog will likely be up to date when investment and buying and selling are activated.

Right here’s what you want to understand:

Ticker SGB
Tradeable towards USD, EUR
Worth precision 4 decimal puts
Deposit confirmations required 60 confirmations (~2 mins)
Now not to be had in Japan
Products and services to be had Kraken, the Kraken Professional interface

Keep watch over the standing web page for updates.

What’s Songbird?

Songbird is the Canary community for Flare. Songbird is meant to function an experimental blockchain the place builders can check out their tasks and governance mechanisms earlier than deploying them to Flare. The SGB token serves because the community’s base foreign money, and could also be used within the protocol’s governance.

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