SINOVATE Financial Statement: November 2020

SINOVATE (SIN) provides transparency across business and development related activities to its community. This includes financial updates, where all monthly expenditures incurred are provided. This policy will be implemented on a continuous basis forever. Please stay at home, follow the rules, and most importantly stay safe.

Please see the distribution details for November 2020 below:

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Breakdown of Treasury

Treasury funds fee from every mined block: 10%

Marketing: 25 %

Exchange Listing: 25 %

Development: 50 %

Expenditures

Core Developers, Web Developer, Back-end Developers, Insights and Nodejs Developers, Telegram Community Managers, Discord Community Managers, Twitter Administrator, Reddit Administrator, Bitcointalk Administrator, Medium Writers, Campaign Manager, Marketing Team, Content Creators, Art Director;

Team: 3500K SIN

Marketing (Twitter follower bounties, Google Ads, Facebook Ads, Marketers, Influencers and Promoters):1000K SIN

Pools: 50K SIN

BitcoinPRBuzz PR package: $25K (1.53172 BTC) 17 Million SIN https://blockstream.info/tx/590f947b3dc23383c3921cdd3f8145d1c9c990046d94b7afbc0a1ba6b0bfbfd9

Expenditures in November 2020: 21.55 million SIN

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Below is a breakdown of total expenditures thus far:

Total Expenditures until October 2020: 163.234 million SIN

Expenditures in November 2020: 21.55 million SIN

Total Lifetime Expenditures: 184.784 million SIN

Development Funds Wallet: 143874784.77440938 until 24/11/2020

New Treasury Wallet: 2450136.96427105

As shown above, the total amount received into the Development Wallet and the New Treasury Wallet combined currently stands at around 146.330 million SIN. The New Treasury Wallet has been created due to excessive transactions within the Development Funds Wallet, leading to technical issues associated with the private key. Also, as the private key was from the old SIN codebase, the Development Funds Wallet will shortly become obsolete.

Additionally, Operating Officer, Community Leader, and investor Tamer Dagli is owed a total of 38.454 million SIN, for providing funds to enable continued development. Debt owed to Tamer is being paid via the 10% Developer Fee.

All previous Financial Statements are available via the SINOVATE Blog page.

Join us and stay tuned for all forthcoming updates via our website and social media platforms:

Website Discord . Telegram . Bitcointalk . Twitter . Facebook .Linkedin. Team.YouTube.Reddit.Instagram.

Author: Amit Kaushal

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SINOVATE Financial Statement: October 2020

SINOVATE (SIN) provides transparency across business and development related activities to its community. This includes financial updates, where all monthly expenditures incurred are provided. This policy will be implemented on a continuous basis forever. Please stay at home, follow the rules, and most importantly stay safe.

Please see the distribution details for October 2020 below:

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Breakdown of Treasury

Treasury funds fee from every mined block: 10%

Marketing: 25 %

Exchange Listing: 25 %

Development: 50 %

Expenditures

Core Developers, Web Developer, Back-end Developers, Insights and Nodejs Developers, Telegram Community Managers, Discord Community Managers, Twitter Administrator, Reddit Administrator, Bitcointalk Administrator, Medium Writers, Campaign Manager, Marketing Team, Content Creators, Art Director;

Team: 3500K SIN

Marketing (Twitter follower bounties, Google Ads, Facebook Ads, Marketers, Influencers and Promoters): 600K SIN

Pools: 50K SIN

Expenditures in October 2020: 4.15 million SIN

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Below is a breakdown of total expenditures thus far:

Total Expenditures until October 2020: 159.084 million SIN

Expenditures in October 2020: 4.15 million SIN

Total Lifetime Expenditures: 163.234 million SIN

Development Funds Wallet:

As shown above, the total amount received into the Development Wallet currently stands at around 140.219 million SIN.

Additionally, Operating Officer, Community Leader, and investor Tamer Dagli is owed a total of 23.015 million SIN, for providing funds to enable continued development. Debt owed to Tamer is being paid via the 10% Developer Fee.

All previous Financial Statements are available via the SINOVATE Blog page.

Join us and stay tuned for all forthcoming updates via our website and social media platforms:

Website Discord . Telegram . Bitcointalk . Twitter . Facebook .Linkedin. Team.YouTube.Reddit.Instagram.

Author: Amit Kaushal

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SINOVATE Financial Statement: September 2020

Since the beginning, SINOVATE (SIN) has provided transparency across business and development related activities to its community, through monthly financial updates. This policy will continue endlessly for generations to come. Please stay at home, follow the rules, and most importantly stay safe.

Please see the distribution details for September 2020 below:

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Breakdown of Treasury

Treasury funds fee from every mined block: 10%

Marketing: 25 %

Exchange Listing: 25 %

Development: 50 %

Expenditures

Core Developers, Web Developer, Back-end Developers, Insights and Nodejs Developers, Telegram Community Managers, Discord Community Managers, Twitter Administrator, Reddit Administrator, Bitcointalk Administrator, Medium Writers, Campaign Manager, Marketing Team, Content Creators, Art Director;

Team: 3500K SIN

Marketing (Twitter follower bounties, Google Ads, Facebook Ads, Marketers, Influencers and Promoters): 150K SIN

Pools: 50K SIN

STEX Exchange ETH/USDT pairs: 0.4 BTC (2.8 million SIN)

Expenditures in August 2020: 6.5 million SIN

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Below is a breakdown of total expenditures thus far:

Total Expenditures until September 2020: 152.584 million SIN

Expenditures in September 2020: 6.5 million SIN

Total Lifetime Expenditures: 159.084 million SIN

Development Funds Wallet:

As shown above, the total amount received into the Development Wallet currently stands at around 134.375 million SIN.

Additionally, Operating Officer, Community Leader, and investor Tamer Dagli is owed a total of 24.709 million SIN, for providing funds to enable continued development. This debt will be paid when sufficient funds are available via the 10% Developer Fee.

All previous Financial Statements are available via the SINOVATE Medium page.

Join us and stay tuned for all forthcoming updates via our website and social media platforms:

Website Discord . Telegram . Bitcointalk . Twitter . Facebook .Linkedin. Team.YouTube.Reddit.Instagram.

Author: Amit Kaushal

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SINOVATE Financial Statement: August 2020

Since the beginning, SINOVATE (SIN) has provided transparency across business and development related activities to its community, through monthly financial updates. This policy will continue endlessly for generations to come. Please stay at home, follow the rules, and most importantly stay safe.

Please see the distribution details for August 2020 below:

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Breakdown of Treasury

Treasury funds fee from every mined block: 10%

Marketing: 25 %

Exchange Listing: 25 %

Development: 50 %

Expenditures

Core Developers, Web Developer, Back-end Developers, Insights and Nodejs Developers, Telegram Community Managers, Discord Community Managers, Twitter Administrator, Reddit Administrator, Bitcointalk Administrator, Medium Writers, Campaign Manager, Marketing Team, Content Creators, Art Director;

Team: 3500K SIN

Marketing (Twitter follower bounties, Google Ads, Facebook Ads, Marketers, Influencers and Promoters): 150K SIN

Pools: 50K SIN

Expenditures in August 2020: 3.7 million SIN

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Below is a breakdown of total expenditures thus far:

Total Expenditures until August 2020: 146.601 million SIN

Expenditures in August 2020: 3.7 million SIN

Total Lifetime Expenditures: 150.301 million SIN

Development Funds Wallet:

As shown above, the total amount received into the Development Wallet currently stands at around 128.110 million SIN.

Additionally, Operating Officer, Community Leader, and investor Tamer Dagli is owed a total of 22.191 million SIN, for providing funds to enable continued development. This debt will be paid when sufficient funds are available via the 10% Developer Fee.

All previous Financial Statements are available via the SINOVATE Medium page.

Join us and stay tuned for all forthcoming updates via our website and social media platforms:

WebsiteDiscord . Telegram . Bitcointalk . Twitter . Facebook .Linkedin. Team.YouTube.Reddit.Instagram.

Author:Amit Kaushal

SINOVATE Financial Statement: July 2020

Since the beginning, SINOVATE (SIN) has provided transparency across business and development related activities to its community, through monthly financial updates. This policy will continue endlessly for generations to come. The SINOVATE team sends its best wishes to our community and all of your loved ones during this difficult time. Please stay at home, follow the rules, and most importantly stay safe.

Please see the distribution details for July 2020 below:

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Breakdown of Treasury

Treasury funds fee from every mined block: 10%

Marketing: 25 %

Exchange Listing: 25 %

Development: 50 %

Expenditures

Core Developers, Web Developer, Back-end Developers, Insights and Nodejs Developers, Telegram Community Managers, Discord Community Managers, Twitter Administrator, Reddit Administrator, Bitcointalk Administrator, Medium Writers, Campaign Manager, Marketing Team, Content Creators, Art Director;

Team: 3500K SIN

Marketing (Twitter follower bounties, Google Ads, Facebook Ads, Marketers, Influencers and Promoters): 150K SIN

Pools: 50K SIN

Expenditures in July 2020: 3.7 million SIN

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Below is a breakdown of total expenditures thus far:

Total Expenditures until July 2020: 142.901 million SIN

Expenditures in July 2020: 3.7 million SIN

Total Lifetime Expenditures: 146.601 million SIN

Development Funds Wallet:

As shown above, the total amount received into the Development Wallet currently stands at around 122.193 million SIN.

Additionally, Operating Officer, Community Leader, and investor Tamer Dagli is owed a total of 24.408 million SIN, for providing funds to enable continued development. This debt will be paid when sufficient funds are available via the 10% Developer Fee.

All previous Financial Statements are available via the SINOVATE Medium page.

Join us and stay tuned for all forthcoming updates via our website and social media platforms:

WebsiteDiscord . Telegram . Bitcointalk . Twitter . Facebook .Linkedin. Team.YouTube.Reddit.Instagram.

Author:Amit Kaushal

SINOVATE Financial Statement: June 2020

Since the beginning, SINOVATE (SIN) has provided transparency across business and development related activities to its community, through monthly financial updates. This policy will continue endlessly for generations to come. The SINOVATE team sends its best wishes to our community and all of your loved ones during this difficult time. Please stay at home, follow the rules, and most importantly stay safe.

Please see the distribution details for June 2020 below:

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Breakdown of Treasury

Treasury funds fee from every mined block: 10%

Marketing: 25 %

Exchange Listing: 25 %

Development: 50 %

Expenditures

Core Developers, Web Developer, Back-end Developers, Insights and Nodejs Developers, Telegram Community Managers, Discord Community Managers, Twitter Administrator, Reddit Administrator, Bitcointalk Administrator, Medium Writers, Campaign Manager, Marketing Team, Content Creators, Art Director;

Team: 3500K SIN

Marketing (Twitter follower bounties, Google Ads, Facebook Ads, Marketers, Influencers and Promoters): 150K SIN

Pools: 50K SIN

Twitter giveaway: 445K SIN

Expenditures in June 2020: 4.145 million SIN

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Below is a breakdown of total expenditures thus far:

Total Expenditures until June 2020: 138.756 million SIN

Expenditures in June 2020: 4.145 million SIN

Total Lifetime Expenditures: 142.901 million SIN

Development Funds Wallet:

As shown above, the total amount received into the Development Wallet currently stands at around 116.05 million SIN.

Additionally, Operating Officer, Community Leader, and investor Tamer Dagli is owed a total of 26.851 million SIN, for providing funds to enable continued development. This debt will be paid when sufficient funds are available via the 10% Developer Fee.

All previous Financial Statements are available via the SINOVATE Medium page.

Join us and stay tuned for all forthcoming updates via our website and social media platforms:

WebsiteDiscord . Telegram . Bitcointalk . Twitter . Facebook .Linkedin. Team.YouTube.Reddit.Instagram.

Author:Amit Kaushal