SINOVATE Weekly Update 29/03/2021 ~ 05/04/2021

SINOVATE (SIN) provides a summary of news, progress, and project development every week. This article serves as the latest version of an ongoing series, keeping our community informed on all things SIN. Stay tuned for new announcements as they happen via Discord, Telegram, and Twitter.

ANNOUNCEMENTS & PARTNERSHIPS

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SINOVATE announces Defi Bridge plans

SINOVATE is developing a Defi (Decentralized Finance) Bridge for Ethereum (ETH) and the Binance Smart Chain (BSC) to be used on the Uniswap and PancakeSwap platforms. This will enable community members to transfer their SINOVATE assets to multiple ecosystems, generating yield and additional passive income via liquidity pool farming in the process. Defi project developers on ETH and BSC also stand to benefit, as their users will be provided with a rapid, infinitely secure, and highly scalable alternative means to transact via the SINOVATE blockchain. We are delighted to confirm that our Defi Bridge will be released ahead of schedule after the upcoming Betelgeuse Mainnet. Further details will be provided in due course. Thank you for your fantastic support.

COMMUNITY GROWTH & SOCIAL MEDIA

We continue to experience high growth across all social media and communication channels:

Sinovate.io STATS

DEVELOPMENT

Released:

4f83da4 add more infinitynode RPC – crptec

1c57a12 add more RPC – crptec

fa6b9d4 fix infinitynodeprivkey read param – crptec

8303182 change protocol number – crptec

a116720 Update bootstrap.md – hardwarewise

37a6a62 Update wallet_upgrade.md – hardwarewise

336e7a2 [gui] light theme in send/receive – MIPPL

79b8217 [gui] pinpad light theme implementation – MIPPL

ab27864 [gui] other minor light theme changes, b18 – MIPPL

f6b42d7 [ux] Patch for easier coin management for excha… – giaki3003

In progress:

  • Betelgeuse Mainnet.
  • Fourth-generation custom proof-of stake algorithm PoS4 hybrid-consensus.
  • BTC 0.21 Codebase.
  • Collateral side chain, asset creation InfiniteChain. Alterra Worldwide Partnership.
  • Incorruptible Data Storage. IDS — Step 1. Blockchain-based electronic mail.
  • bFTP. Blockchain File Transfer Protocol.

• SINCORD Messenger (Decentralized Direct Messaging).

Blockchain Stats

Monthly Update

Our latest Monthly Report can be accessed on Medium:

March 2020 Monthly Report Medium

FINANCIAL STATEMENT

The latest Financial Statement is also available to view:

March 2020 Financial Statement Medium

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 Monthly Report: March 2021

SINOVATE (SIN) Team experienced an exciting and action-packed March. This article forms part of an ongoing monthly series, where key activities and milestones achieved will be discussed. 2021 will be a landmark year for SINOVATE with many keenly anticipated implementations on the horizon, including the release of our decentralized cloud storage solution Incorruptible Data Storage (IDS), the in-house built PoS4 hybrid algorithm, Proof-of-Inheritance, the SINOVATE InfiniteChain SideChain, and much more. Stay tuned to our social media and communication channels for updates as and when they happen.

ANNOUNCEMENTS & PARTNERSHIPS

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SINOVATE successfully implements Hard Fork and reimburses missing rewards

The MINI Infinity Node Tier Hard Fork was successful. A Mandatory Wallet Upgrade was released, where PC and infinity node wallets had to be updated prior to block height 617,000 in order to continue receiving rewards, following the recent MINI Node reward generation issue.

The SINOVATE team was made aware of a reward generation issue specific to the MINI Infinity Node Tier at block height 583,500 to 617,000, where nodes created after the 1000th were not receiving rewards consistently. 71 Mini Nodes were affected in all. The impacted network participants were users that created a MINI Node between 09.01.2021 and 24.02.21. Node limits have now been removed, presenting current and would-be network participants with enhanced opportunities to benefit from the SINOVATE network as it continues to grow in strength, security, and value.

As of 10/03/2021, all associated missing rewards have been reimbursed. For further details on the nature of this problem, how this was resolved to ensure continuous rewards throughout the 12-month node life cycle, and how superior performance will always be maintained, click here.

SINOVATE releases 2021 roadmap video

SINOVATE recently released its 2021 roadmap. This year promises to be a very exciting one, with a multitude of upgrades, enhancements, and brand-new features on the horizon. These include the in-house built PoS4 hybrid algorithm, the SINOVATE InfiniteChain SideChain, our upcoming Alterra partnership, the highly anticipated IDS decentralized cloud storage solution, and much more. Check out this video, which breaks down everything we have in store for 2021.

New SINOVATE website goes live

The brand new SINOVATE website is now live. Slick, smooth, stylish, and beautifully designed, our website branding has been revamped with ease of navigation in mind, making it simple and seamless to find information on all things SIN. Colors and themes are synonymous with the recently released Brand Identity Guide’21

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New Website

https://sinovate.io/

New Blog

https://sinovate.io/blog/

New setUP.sinovate.io

https://setup.sinovate.io/

New Explorer

https://explorer.sinovate.io/

The SINOVATE team worked tirelessly to complete this, and as always have delivered a fantastic end result. Many thanks to the SIN community for the brilliant support.

SINOVATE releases updated Litepaper

The highly anticipated updated Litepaper, which provides details of SINOVATE’s overarching mission, products and services, business strategy, the development status of IDS, and much more has been released. We constantly strive for perfection, so feedback from our community is always welcome. Click here to read the SINOVATE Litepaper.

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2021 Litepaper

COMMUNITY GROWTH & SOCIAL MEDIA

We continue to experience high growth across all social media and communication channels:

Sinovate.io STATS

DEVELOPMENT

Released:

499ec5c change secp256k1 submodule to our fork – crptec

b95fa47 use fork submodule secp256k1 – crptec

9af9173 [sin] add sinovate compatibilty function – crptec

4009b74 [sin] add musigpk, xonly is not used yet – crptec

e6866af [sin] add combine compatibility – crptec

685d858 add old musigpk to our fork – crptec

685d858 add old musigpk to our fork – crptec

a8901d8 change secp256k1 link – crptec

e0cf9cc update submodule secp256k1 – crptec

95e83d1 update ref – crptec

86b37de add SIN communication – crptec

New website released.

cba965f [gui] Add copyright information to Splash Screen – hardwarewise

7a09f69 Update faq.md – 008

edf7535 [sin] Add more broken blocks – giaki3003

a9aed74 [sin] Remove broken block collector – giaki3003

431ad6f update state when disconnect block – crptec

10bb634 add chain param last HF – crptec

97f026a rebuild the state of INF before close wallet – crptec

28f9568 DIN node communication improvement – crptec

6432062 [sin] Add last broken blocks – giaki3003

794da88 change MIN RELAY FEE – crptec

b6bf504 add DIN node communication – crptec

7b7937a [nodesetup] order flow (wip) – MIPPL

3cff6a9 [nodesetup] add radio button dep, npm audit fix – MIPPL

de00e02 [gui] revert to previous send/receive icons, do… – MIPPL

924ea34 [gui] fix dependencies, apk 16 – MIPPL

4368d12 change default address to LEGACY – crptec

4368d12 Changed default address to LEGACY – crptec.

4338716 [sin] More broken blocks – giaki3003.

396914c [gui] Reverted to previous modules versions – MIPPL.

0a805ae [nodesetup] Reverted to previous module version, … – MIPPL.

87857bd [gui] Style suggestions – MIPPL.

8f2065e [gui] Light theme for network, tx, settings scr… – MIPPL.

6d11ea5 Added infinitynode RPC – crptec.

2cc56a3 Fixed RPC call – crptec.

In progress:

  • Betelgeuse Mainnet.
  • Fourth-generation custom proof-of stake algorithm PoS4 hybrid-consensus.
  • BTC 0.21 Codebase.
  • Collateral side chain, asset creation InfiniteChain. Alterra Worldwide Partnership
  • Incorruptible Data Storage. IDS — Step 1. Blockchain-based electronic mail.
  • bFTP. Blockchain File Transfer Protocol.

• SINCORD Messenger (Decentralized Direct Messaging).

Blockchain Stats

FINANCIAL STATEMENT

The latest Financial Statement is available to view:

March 2021 Financial Statement Medium

WEEKLY UPDATES

All weekly updates are available here.

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: March 2021

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 March 2021 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, Backend Developers, Insight 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

DeFi Bridge Development: 900K SIN

Expenditures in March 2021: 5.4 million SIN

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Below is a breakdown of total expenditures thus far:

Total Expenditures until February 2021: 198,234,000 million SIN

Expenditures in March 2021: 5.4 million SIN

Total Lifetime Expenditures: 203,634,000 million SIN

Development Funds Wallet: 143,874,784.77440938 million SIN until 21/11/2020

New Treasury Wallet: 29,222 million SIN

As shown above, the total amount received into the Development Wallet and the New Treasury Wallet combined currently stands at around 173.096 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 30.538 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 Weekly Update 22/03/2021 ~ 29/03/2021

SINOVATE (SIN) provides a summary of news, progress, and project development every week. This article serves as the latest version of an ongoing series, keeping our community informed on all things SIN. The SINOVATE team has been hard at work perfecting our new branding, to ensure that all released material contain the same colors and themes:

https://sinovate.io/

SINOVATE Website

https://sinovate.io/blog/

SINOVATE Blog

https://setup.sinovate.io/

SINOVATE setUP

https://explorer.sinovate.io/

SINOVATE Explorer

The highly anticipated updated Litepaper, which will provide details of SINOVATE’s overarching mission, products and services, business strategy, the development status of our decentralized cloud storage solution Incorruptible Data Storage (IDS), and much more, will be released on 31.03.2021. Stay tuned to our social media and communication channels for updates as and when they happen.

COMMUNITY GROWTH & SOCIAL MEDIA

We continue to experience high growth across all social media and communication channels:

Sinovate.io STATS

DEVELOPMENT

Released:

4368d12 Changed default address to LEGACY – crptec.

4338716 [sin] More broken blocks – giaki3003.

396914c [gui] Reverted to previous modules versions – MIPPL.

0a805ae [nodesetup] Reverted to previous module version, … – MIPPL.

87857bd [gui] Style suggestions – MIPPL.

8f2065e [gui] Light theme for network, tx, settings scr… – MIPPL.

6d11ea5 Added infinitynode RPC – crptec.

2cc56a3 Fixed RPC call – crptec.

In progress:

  • Betelgeuse Mainnet.
  • Fourth-generation custom proof-of stake algorithm PoS4 hybrid-consensus.
  • BTC 0.21 Codebase.
  • Collateral side chain, asset creation InfiniteChain. Alterra Worldwide Partnership
  • Incorruptible Data Storage. IDS — Step 1. Blockchain-based electronic mail.
  • bFTP. Blockchain File Transfer Protocol.

• SINCORD Messenger (Decentralized Direct Messaging).

Blockchain Stats

Monthly Update

Our latest Monthly Report can be accessed on Medium:

February 2020 Monthly Report Medium

FINANCIAL STATEMENT

The latest Financial Statement is also available to view:

February 2020 Financial Statement Medium

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 Weekly Update 22/03/2021 ~ 29/03/2021

SINOVATE (SIN) provides a summary of news, progress, and project development every week. This article serves as the latest version of an ongoing series, keeping our community informed on all things SIN. The SINOVATE team has been hard at work perfecting our new branding, to ensure that all released material contain the same colors and themes:

https://sinovate.io/

SINOVATE Website

https://sinovate.io/blog/

SINOVATE Blog

https://setup.sinovate.io/

SINOVATE setUP

https://explorer.sinovate.io/

SINOVATE Explorer

The highly anticipated updated Litepaper, which will provide details of SINOVATE’s overarching mission, products and services, business strategy, the development status of our decentralized cloud storage solution Incorruptible Data Storage (IDS)and much more, will be released on 31.03.2021. Stay tuned to our social media and communication channels for updates as and when they happen.

COMMUNITY GROWTH & SOCIAL MEDIA

We continue to experience high growth across all social media and communication channels:

Sinovate.io STATS

DEVELOPMENT

Released:

4368d12 Changed default address to LEGACY – crptec.

4338716 [sin] More broken blocks – giaki3003.

396914c [gui] Reverted to previous modules versions – MIPPL.

0a805ae [nodesetup] Reverted to previous module version, … – MIPPL.

87857bd [gui] Style suggestions – MIPPL.

8f2065e [gui] Light theme for network, tx, settings scr… – MIPPL.

6d11ea5 Added infinitynode RPC – crptec.

2cc56a3 Fixed RPC call – crptec.

In progress:

  • Betelgeuse Mainnet.
  • Fourth-generation custom proof-of stake algorithm PoS4 hybrid-consensus.
  • BTC 0.21 Codebase.
  • Collateral side chain, asset creation InfiniteChain. Alterra Worldwide Partnership
  • Incorruptible Data Storage. IDS — Step 1. Blockchain-based electronic mail.
  • bFTP. Blockchain File Transfer Protocol.

• SINCORD Messenger (Decentralized Direct Messaging).

Blockchain Stats

Monthly Update

Our latest Monthly Report can be accessed on Medium:

February 2020 Monthly Report Medium

FINANCIAL STATEMENT

The latest Financial Statement is also available to view:

February 2020 Financial Statement Medium

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 Weekly Update 15/03/2021 ~ 22/03/2021

SINOVATE (SIN) provides a summary of news, progress, and project development every week. This article serves as the latest version of an on-going series, keeping our community informed on all things SIN. Stay tuned to our social media and communication channels for updates as and when they happen.

COMMUNITY GROWTH & SOCIAL MEDIA

We continue to experience high growth across all social media and communication channels:

Sinovate.io STATS

DEVELOPMENT

Released:

  • New website released.
  • cba965f [gui] Add copyright information to Splash Screen – hardwarewise
  • 7a09f69 Update faq.md – 008
  • edf7535 [sin] Add more broken blocks – giaki3003
  • a9aed74 [sin] Remove broken block collector – giaki3003
  • 431ad6f update state when disconnect block – crptec
  • 10bb634 add chain param last HF – crptec
  • 97f026a rebuild the state of INF before close wallet – crptec
  • 28f9568 DIN node communication improvement – crptec
  • 6432062 [sin] Add last broken blocks – giaki3003
  • 794da88 change MIN RELAY FEE – crptec
  • b6bf504 add DIN node communication – crptec
  • 7b7937a [nodesetup] order flow (wip) – MIPPL
  • 3cff6a9 [nodesetup] add radio button dep, npm audit fix – MIPPL
  • de00e02 [gui] revert to previous send/receive icons, do… – MIPPL
  • 924ea34 [gui] fix dependencies, apk 16 – MIPPL
  • 4368d12 change default address to LEGACY – crptec

In progress:

  • Betelgeuse Mainnet.
  • Fourth generation custom proof-of stake algorithm PoS4 hybrid-consensus.
  • BTC 0.21 Codebase.
  • Collateral side chain, asset creation InfiniteChain.
  • Incorruptible Data Storage. IDS — Step 1. Blockchain-based electronic mail.
  • bFTP. Blockchain File Transfer Protocol.

• SINCORD Messenger (Decentralized Direct Messaging).

Blockchain Stats

Monthly Update

Our latest Monthly Report can be accessed on Medium:

February 2020 Monthly Report Medium

FINANCIAL STATEMENT

The latest Financial Statement is also available to view:

February 2020 Financial Statement Medium

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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