SINOVATE (SIN) strives to provide transparency across business and development related activities at all times, by providing monthly updates. Since the beginning, the SIN team has always been open and transparent with its community.
This policy will continue endlessly for generations to come. Please see the distribution details for February 2020 below:
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
Coiniran.com Marketing: 50K SIN
Marketing (Twitter follower bounties, Google Ads, Facebook Ads, Marketers, Influencers and Promoters): 100K SIN
Pools: 50K SIN
Marketing Turkey: 250K SIN
Masternodes Buzz Premium Backer: 0.12 BTC (630K SIN)
Mobile Wallets: 3 million SIN
Paper Wallets: 100K SIN
Expenditures in February 2020: 7.680 million SIN
Below is a breakdown of total expenditures thus far:
Total Expenditures until January 2020: 95.707 million SIN
Expenditures in February 2020: 7.680 million SIN
Total Lifetime Expenditures: 103.387 million SIN
As shown above, the total amount received into the Development Wallet currently stands at around 91.540 Million SIN.
Additionally, Operating Officer, Community Leader, and investor Tamer Dagli is owed a total of 11.847 million SIN, for providing funds to enable continued development. This debt will be paid when sufficient funds are available via the 10% Developer Fee.
Click here for all previous Financial Statements.
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
Recent Comments