SINOVATE Financial Statement: May 2021

SINOVATE (SIN) provides transparency across business and development-related activities to its community. One of the transparency efforts includes financial updates, where all monthly expenditures incurred are provided. We will publish the financial reports continuously forever. Please stay at home, follow the rules, and most importantly, stay safe.

Please see the distribution details for May 2021 below:

blank

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, Nodejs, Mobile Developers, Telegram Community Managers, Discord Community Managers, Twitter Administrator, Reddit Administrator, Bitcointalk Administrator, Medium Writers, Campaign Manager, Regional Managers, Marketing Team, Content Creators, Art Director;

Team: 3500K SIN

Marketing (Twitter follower bounties, Google Ads, Facebook Ads, Marketers, Influencers and Promoters):700K SIN

Finance Magnets non-sponsored article: $1500 (300K SIN)

Expenditures in May 2021: 4500K SIN

blank

Below is a breakdown of total expenditures thus far:

Total Expenditures until May 2021: 207,634,000 (million) SIN

Expenditures in May 2021: 4.5 million SIN

Total Lifetime Expenditures: 212,134,000 (million) SIN

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

New Treasury Wallet: 44,750 million SIN

As shown above, the total amount received into the Development Wallet and the New Treasury Wallet combined currently stands at around 188,624,784 million SIN. The New Treasury Wallet has been created due to excessive transactions within the Development Funds Wallet, an old wallet.dat that leads to technical issues associated with the private key.

Additionally, Operating Officer, Community Leader, and investor Tamer Dagli is owed 23.509 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.

SINOVATE

blank

SINOVATE Financial Statement: April 2021

SINOVATE (SIN) provides transparency across business and development-related activities to its community. One of the transparency efforts includes financial updates, where all monthly expenditures incurred are provided. We will publish the financial reports continuously forever. Please stay at home, follow the rules, and most importantly, stay safe.

Please see the distribution details for April 2021 below:

blank

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, Regional Managers, Marketing Team, Content Creators, Art Director;

Team: 3500K SIN

Marketing (Twitter follower bounties, Google Ads, Facebook Ads, Marketers, Influencers and Promoters):500K SIN

Expenditures in March 2021: 4000K SIN

blank

Below is a breakdown of total expenditures thus far:

Total Expenditures until March 2021: 203,634,000 million SIN

Expenditures in April 2021: 4 million SIN

Total Lifetime Expenditures: 207,634,000 million SIN

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

New Treasury Wallet: 36,250 million SIN

As shown above, the total amount received into the Development Wallet and the New Treasury Wallet combined currently stands at around 180,124,784 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 27.509 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.

SINOVATE

blank

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:

blank

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

blank

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

blank

SINOVATE Financial Statement: February 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 February 2021 below:

blank

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

blank

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

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

New Treasury Wallet: 23,429 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.

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

blank

SINOVATE Financial Statement: January 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 January 2021 below:

blank

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

blank

Below is a breakdown of total expenditures thus far:

Total Expenditures until December 2020: 189.184 million SIN

Expenditures in January 2021: 4.55 million SIN

Total Lifetime Expenditures: 193.734 million SIN

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

New Treasury Wallet: 16,652,494.28317428 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.

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

blank

SINOVATE Financial Statement: December 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 December 2020 below:

blank

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

blank

Below is a breakdown of total expenditures thus far:

Total Expenditures until November 2020: 184.784 million SIN

Expenditures in December 2020: 4.55 million SIN

Total Lifetime Expenditures: 189.184 million SIN

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

New Treasury Wallet: 9,795,945.94758318 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.

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

blank