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 February 2021 below:
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
Expenditures in February 2021: 4.5 million SIN
Below is a breakdown of total expenditures thus far:
Total Expenditures until January 2020: 193,734,000 million SIN
Expenditures in February 2021: 4.5 million SIN
Total Lifetime Expenditures: 198,234,000 million SIN
As shown above, the total amount received into the Development Wallet and the New Treasury Wallet combined currently stands at around 167.303 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 30.931 million SIN, for providing funds to enable continued development. Debt owed to Tamer is being paid via the 10% Developer Fee.
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 January 2021 below:
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
Expenditures in January 2021: 4.55 million SIN
Below is a breakdown of total expenditures thus far:
Total Expenditures until December 2020: 189.184 million SIN
As shown above, the total amount received into the Development Wallet and the New Treasury Wallet combined currently stands at around 160.5272 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 33.2067 million SIN, for providing funds to enable continued development. Debt owed to Tamer is being paid via the 10% Developer Fee.
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 December 2020 below:
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
Expenditures in December 2020: 4.55 million SIN
Below is a breakdown of total expenditures thus far:
Total Expenditures until November 2020: 184.784 million SIN
As shown above, the total amount received into the Development Wallet and the New Treasury Wallet combined currently stands at around 153.6669 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 35.515 million SIN, for providing funds to enable continued development. Debt owed to Tamer is being paid via the 10% Developer Fee.
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:
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
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.
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:
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
Below is a breakdown of total expenditures thus far:
Total Expenditures until October 2020: 159.084 million SIN
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.
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:
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
Below is a breakdown of total expenditures thus far:
Total Expenditures until September 2020: 152.584 million SIN
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.
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