SINOVATE (SIN) Team experienced an exciting and action-packed February. This article forms part of an on-going 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, SINOVATE Proof-of-Inheritance, 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 Lists on Azbit Crypto Exchange

SINOVATE has officially listed on Azbit Crypto Exchange. Azbit is a new generation exchange offering the most in-demand services available, providing a seamless bridge between the world of traditional finance and cryptocurrencies. Services include a spot exchange, margin trading, crypto-backed loans, 24/7 customer support, and a soft-staking passive income facility.

With $9,000,000 plus in current authentic daily volume, Azbit has quickly established itself as a highly reputable exchange since its inception in December 2019. SINOVATE is available in the SIN/BTC trading pair. Purchase SINOVATE on the Azbit Crypto Exchange today.

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SINOVATE Upcoming Releases

SINOVATE had much in store for February and beyond. This included a hardfork to resolve the recent reward generation issues for the MINI Infinity Node Tier, our newly-designed, slick, and smooth website, revamped image branding, and the SINOVATE 2021 Roadmap.

Our updated Litepaper will contain details of SINOVATE’s overarching mission, products and services, business strategy, the current state of play of our upcoming decentralized cloud storage solution Incorruptible Data Storage (IDS), and much more. Stay tuned for announcements as soon as they happen via our Discord, Telegram, and Twitter channels.

SINOVATE releases Mandatory Wallet Upgrade

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SINOVATE has released a Mandatory Wallet Upgrade. PC and infinity node wallets had to be updated prior to block 617, 000 in order to continue receiving rewards and remain on the correct chain. Fixes to the current wallet are as follows:

  • — [consensus] Added a height-based DIN delta forking mechanism.
  • — [DIN] New delta values added, set a fork for block 617000.
  • — [misc] Many memory leak patches.

Wallet upgrade instructions are available here. Thank you for your fantastic support.

SINOVATE fully distributes initial HODL Coin Offering rewards

SINOVATE has fully distributed initial rewards to participants of the SINOVATE HODL Coin Offering (HCO). Payments received can be viewed on the “EARN” tab within the native SINOVATE Wallet and by inserting your HCO receiving address into the SINOVATE Explorer.

Officially, initial rewards were completed by 19.02.2021. All other rewards will be received in monthly intervals for 12 months in total. Please note that no rewards will be received after this period. HCO is now closed for entries. This one-time-only marketing campaign remained active for 54, 000 blocks (75-days) and ended around 04.02.2021. Any attempts to enter after the 75-day window will be disregarded. Many thanks to everyone who took part.

The SINOVATE HODL Coin Offering lowers entry points for everyone. To learn more about how network participants will earn passive income via 24/7 cold staking for a year, as well as a teaser for our upcoming custom-created PoS4 hybrid algorithm, click here.

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SINOVATE releases brand identity pack

SINOVATE has released its brand identity pack. This provides our partners with guidelines on the font types, colors, and themes specifically used for branding, enabling consistency for published content world-wide. The SINOVATE Brand Identity Gude’21 is available for download here.

ARTICLES & REVIEWS

HODL Coin Offering articles published

Learn about how participants of the SINOVATE HODL Coin Offering (HCO) will earn up to 15% APY (annual percentage yield) for locking 75k SIN for a one-time-only 12-month period, equating to 11,250 SINOVATE coins. For all of the advantages of the HCO cold-staking facility over other passive income options, the campaign rules and procedures as well as participation instructions, see the articles below:

Cold Staking Without a Cost — Sinovate Launches HODL Campaign

How to spot a project for the long term

HCO: Passive Income in Defi

The SINOVATE HODL Coin Offering is now closed for entries. This marketing campaign remained active for 54, 000 blocks (75-days) and ended around 04.02.2021. Any attempts to enter after the 75-day window will be disregarded. Many thanks to everyone who took part.

COMMUNITY GROWTH & SOCIAL MEDIA

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

[Insert social media and communication stats]

Sinovate.io STATS

[Insert Sinovate.io stats]

DEVELOPMENT

Released:

In progress:

  • IDS — Step 1.
  • Incorruptible Data Storage.
  • bFTP.

• SINCORD Messenger (Decentralized Direct Messaging).
• Blockchain-based Electronic Mail.

Blockchain Stats

[Insert Blockchain Stats]

[Insert Financial Statement image for February]

FINANCIAL STATEMENT

The latest Financial Statement is available to view:

February 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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