Repayment of maliciously obtained Infinity Node rewards to be distributed via Development Funds Wallet
SINOVATE (SIN) will create a snapshot of all current nodes, up until block 178.000. Infinity Node holders must ensure their nodes are activated, in order to receive rewards after the implementation of the new Hard Fork.
In all, 3.168 million SIN coins were maliciously obtained. However, SINOVATE will reimburse lost earnings with additional bonuses, to fully compensate node owners for the inconvenience caused. This will take place via a 3.5 million SIN coins payment from the Development Funds Wallet, to be distributed across all Infinity Node Tiers.Reward losses will be remunerated as follows:
Day 1: 60%
Day 2: 60%
Day 3: 20%
Day 4: 20%
Total: 160%
Should daily rewards, for example equate to 10.000 SIN, the payment of 16.000 SIN coins will be generated. Exact amounts will be calculated post Hard Fork, swiftly followed by payments to existing Infinity Node owners.
Please upgrade to the latest Mandatory Wallet, and ensure Infinity Nodes are activated prior to the integration of the Hard Fork at block height 178.000.
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Author: Amit Kaushal
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