| Product

Kraken Supports the Songbird (SGB) Airdrop for XRP Holders

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

You can add SGB to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. Trading will begin February 22.

Here’s what you need to know:

Ticker SGB
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.