June 2019

SINOVATE (SIN) endeavors to provide transparency across business and development related activities at all times. Please see distribution details for June 2019 below. May 2019’s breakdown has also been provided:

Financial Statement May 2019

The Founders Fee significantly reduced during late June 2019, supporting SIN’s continued efforts to promote fairness and equality for all:

Founders Fee from every mined block: 1.1%

Marketing: 0.25 %

Exchange Listing: 0.25 %

Development: 0.5 %

Marketing, Web Development, Administrators and Moderators

Telegram Community Managers, Discord Community Managers, Twitter Administrator, Reddit Administrator, Bitcointalk Administrator, Medium Moderator, Campaign Manager, Marketing Team, Content Creators, Art Director, Web Developer, Backend Developers, Insights and Nodejs Developers: 750K SIN

Pools extra rewards payment: 400K SIN

Infinity Nodes wallet development and bug fix: 0.3 BTC (500K SIN)

MasterNodes.Online, MNRank.com, MNpro, MasterNode.LIVE Listing: 1.5 BTC (2.5 million SIN)

Melchionda Youtube: 110K SIN

Marketing: 1 million SIN

Stolen rewards payment: 750K SIN

Citex Exchange Listing: 100K SIN

Shared-Nodes Partnership: 330K SIN

E-Governance: 1.5 million SIN


Below is a breakdown of total expenditures thus far:

Total Expenditures until May 2019: 41.275 million SIN

Expenditures in June 2019: 7.95 million SIN

Total Expenditures: 49.225 million SIN

Development Funds Wallet:

As shown above, the total amount received into the Development Wallet stands at 61.025 million SIN. 11.8 million SIN remaining from expenditures will be reserved for development and innovation purposes.

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

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

Author: Amit Kaushal