The SINOVATE (SIN) Team experienced an exciting and action-packed June. This article forms part of an on-going monthly series, where key activities and milestones achieved will be discussed. Please stay at home, follow the rules, and most importantly stay safe.
ANNOUNCEMENTS & PARTNERSHIPS
SINOVATE HODL Coin Offering Governance Proposal accepted
The SINOVATE HODL Coin Offering (H.C.O.) Governance Proposal, which for a limited time will permit inexperienced users to earn SIN coins without having to set up an infinity node and purchase a VPS, has been accepted by the SIN community.
The H.C.O. incentive program will swiftly commence after implementation of the upcoming network upgrade and will remain active for 75-days, starting at hardfork block height. SIN coins must be locked during this period in order to qualify. HODL Coin earnings will be available in three (3% yearly and 0.25% monthly), six (6% yearly and 0.5% monthly), and twelve-month (15% yearly and 1.25% monthly) intervals.
Furthermore, our proposal to increase MINI Node Tier rewards from 160 SIN to 560 SIN per block after the network upgrade was also accepted. As well as substantially increasing earning capabilities for MINI Node holders, this will also enable significantly more nodes to join the SIN network for future Incorruptible Data Storage (I.D.S.) needs. Click here for further details.
As shown below, the SINOVATE community unanimously voted in favor of the above proposals via our discord channel:
We look forward to implementing these measures in due course. Thank you for your fantastic support.
SINOVATE AMA: Live on Zoom
The first SINOVATE AMA live on Zoom was an outstanding success. Hundreds of SIN community members were out in force to ask our team questions on all things SIN, including the following:
- What is an Infinity Node? How is it different from a conventional masternode?
- What is the primary use-case of SINOVATE? What are the plans for the future?
- What are the roles of the tiers in the IDS or data storage model of SINOVATE?
- SIN messenger direct messaging, how does it work?
- How do you describe the SINOVATE Economy and Business Model?
- Why is the actual ROI of nodes so low? Aren’t you afraid that it could go under 100% someday?
- In a world with so many big players in cloud storage, like Amazon, Google, Azure, which will be our steps to attract customers?
- What are your plans for marketing?
- Why was ShadowSend removed?
In-depth responses were provided for all of the above and more. Operating Officer, Community Leader, and investor Tamer Dagli also dropped in an exciting teaser regarding a major exchange listing, which will be announced in July. In case you missed it or would like to watch it again, the SINOVATE AMA can be viewed here. Many thanks for tuning in!
SINOVATE surpasses 10.000 followers on Twitter
SINOVATE is proud to have surpassed 10.000 followers on twitter. This could not have been achieved without the incredible persistence, hard work, and dedication always shown by the SIN team to increase and establish our marketing presence worldwide. We wish to warmly welcome all new community members to the SINOVATE family and thank our long-term believers for their brilliant support.
SINOVATE releases new GUI Wallet
After 6 months of sheer hard work, the slick, new and improved SINOVATE GUI Wallethas now been released. Substantially enhanced and completely redesigned from all previous versions, this wallet comes equipped with previously unseen features such as an EARN tab permitting passive income, as well as a SIN Blockchain statistics tab displaying the total network hashrate, the real-time price per SIN coin in BTC and other network details. Download our new GUI wallet here.
Thus far, SINOVATE development consists of 430 GitHub commitsand45K lines of code. We remain steadfast and dedicated to achieving all of our goals. Stay tuned for further developments as and when they happen via our discord and telegram channels.
SINOVATE lists on Probit
SINOVATE has officially listed on ProBit Exchange.Based in South Korea, ProBit has steadily established itself as a world-renowned cryptocurrency exchange since its inception in November 2018. Ranked as a top 40 exchange on CoinGecko, with a global top 20 authentic daily trading volume and a trust score of 8, this platform is our most significant listing to date.https://cdn.embedly.com/widgets/media.html?type=text%2Fhtml&key=a19fcc184b9711e1b4764040d3dc5c07&schema=twitter&url=https%3A//twitter.com/ProBit_Exchange/status/1252824812927385600&image=
ProBit permits advanced security functionality for users through a hardware security key, as well as 2 Factor Authentication. Features also include low trading fees, stake mining for the ProBit native token, and a generous referral program. SINOVATE is available in SIN/USDT and SIN/BTC trading pairs. Read ProBit’s article regarding our listing here. Purchase SINOVATE on the ProBit Exchange today.
SINOVATE publishes updated Light Whitepaper
An updated version of the SINOVATE Light Whitepaper has been published. This includes detailed information regarding the big data problem, innovations and solutions, tokenomics, our business and marketing strategy, milestones achieved to date, and much more. The extended 130-page SINOPEDIA version will be released in July. The SINOVATE Light Whitepaper is available in English and Korean here.https://cdn.embedly.com/widgets/media.html?type=text%2Fhtml&key=a19fcc184b9711e1b4764040d3dc5c07&schema=twitter&url=https%3A//twitter.com/probit_exchange/status/1270512514120347648&image=
SINOVATE (SIN) Trading Competition on ProBit
A SINOVATE trading competition took place on ProBit. This event lasted from 11.06.2020 15:00 KST until 24.06.2020 23:00pm KST, and was available for SIN/USDTandSIN/BTCtrading pairs. A grand total of 1,010,000 SIN was up for grabs and distributed to the top 10 volume traders during the above mentioned period as follows:
1st place: 227,250 SIN
2nd place: 202,000 SIN
3rd place: 176,750 SIN
4th place: 126,250 SIN
5th place: 101,000 SIN
6th place: 75,750 SIN
7th place: 50,500 SIN
8th place: 25,250 SIN
9th place: 15,150 SIN
10th place: 10,100 SIN
Click here for further details.
SINOVATE achieves Top 4 Best Performing Masternodes ranking
SINOVATE is delighted to have achieved a top 4 Best Performing Masternodes status, during the Week 23 review on Masternode Buzz. MINI SIN Node gains were up by 27.81% from the previous week, marking a substantial return on investment. During unpredictable market conditions and the current global financial crisis, we continue to excel and consistently out-perform many competitors. SIN related news, articles, and interviews will be published on the Masternode Buzz website continuously.
New SINOVATE Explorers goes live
The new and improved SINOVATE ExplorerandSINOVATE Explorer 2 are now live. Completely redesigned with new branding, features include an infinity node expiry timeline, address statistics, SIN transaction values per day, as well as the total network income in real-time. Regardless of the on-going global pandemic, we remain steadfast, committed, and dedicated to achieving all of our goals. Stay tuned for further developments as and when they happen via our discord and telegram channels.
SINOVATE lists on Flits Masternode App
We are delighted that SINOVATE has listed on the Flits Masternode App. Flits (FLS), who are the first decentralized mobile masternode app and are available across Android and iOS devices, are widely regarded as the safest and most secure on the market. The FLS wallet app is a game-changer for SIN, permitting on-the-go cold node hosting of infinity nodes via mobile devices in just a few clicks. The likes of DigiByte, Divi Project, Zcoin, and PIVXare also supported.At only $3 a month and $0.10 per day, this platform provides significant cost-effective advantages over all existing VPS services. Additional features and benefits include the following:
— Full control of private keys at all times.
— No code required.
— Super fast and convenient.
— Tailored to mobile devices, for a unique experience.
— Cold staking facility for supported coins.
— Deposit and invest in Bitcoin.
— Swap coins straight from your mobile device.
— Purchase gift cards with rewards generated.https://cdn.embedly.com/widgets/media.html?type=text%2Fhtml&key=a19fcc184b9711e1b4764040d3dc5c07&schema=twitter&url=https%3A//twitter.com/sinovatechain/status/1272549081219506183&image=
Check out this video review by CryptoTubeYT, where all available features are described in detail. Please visit the flits discord channel for further assistance. Download the flits wallet app here. SINOVATE continues to provide its community with the best products, features, and services that the cryptocurrency industry has to offer. Thank you for your brilliant support.
SINOVATE enabled on Flits Swap feature
SINOVATE has now been enabled on the Flits Masternode App.SIN is available in SIN/BTC and BTC/SIN trading pairs. Purchase SINOVATE via the Flits Masternode App today.https://cdn.embedly.com/widgets/media.html?type=text%2Fhtml&key=a19fcc184b9711e1b4764040d3dc5c07&schema=twitter&url=https%3A//twitter.com/nodemaster_io/status/1272925010252922880&image=
SINOVATE available on NodeMaster
SINOVATE is now available on NodeMaster. NodeMaster uses blockchain publicly available information to monitor the status of masternodes, without the need to keep your computer and local wallet switched on. This platform makes masternode owners aware of any issues instantly, minimizing losses incurred. Features include real-time, 24-hour monitoring of node rewards, instant notifications, crypto payment acceptance for supported coins, and a mobile-ready website. Payment options range from $0.25 per month (OPPORTUNITY SEEKER) to $18.99 per month (INVESTOR “LIKE A BOSS”). Monitor your Infinity Node via the NodeMaster platform today.
SINOVATE website in Turkish goes live
The recently redesigned SINOVATE website is now available in Turkish.Smooth, stylish, and beautifully designed, our new website enables total ease of navigation and rapid access to all aspects of our project. Stay tuned for further announcements as and when they happen via our discord and telegram channels.
SINOVATE AMA Question 1 with subtitles video released
A host of questions were asked by community members during the first SINOVATE AMA live on Zoom.Question 1 (What is an infinity node? How is it different from a conventional masternode?) is answered here, courtesy of Xuantan Nguyen (Xtdevcoin)andGiacomo Milligan (Giaki3003). For ease of navigation, subtitled videos answering all questions from the Zoom AMA will be created. Stay tuned to the SINOVATE YouTube Channel for new content as and when it is released.
SINOVATE achieves Top 5 Best Performing Masternodes ranking
SINOVATE is delighted to have achieved a top 5 Best Performing Masternodes status, during the Week 25 review on Masternode Buzz. MINI SIN Node gains were up by 11.90% from the previous week, marking a considerable return on investment. Stay tuned to the Masternode Buzz website for SIN related news, articles, and interviews.
SINOVATE releases Podcasts
We are pleased to announce that the SINOVATE Podcast series has now been released. It isn’t always possible to be sitting at your PC, laptop, or other devices due to the non-stop busy lives that many of us lead. With this in mind, the SIN development team has created podcasts available across multiple mediums, to ensure that community members can keep fully up to date on all project-related news on the go, no matter where they are.
The first of these is for the recent SINOVATE AMA Live on Zoom, which is available on Spotify, Google Podcasts, Pocket Casts, Breaker, and Radio Public. Remember to follow us and stay tuned for future podcasts as soon as they are released.
ARTICLES & REVIEWS
SINOVATE Pushes the Innovation Envelope article published
Learn about how SINOVATE is pushing the innovation envelope through its open-sourced, decentralized cryptocurrency platform. This article explains how the SIN project seeks to disrupt and transform the blockchain space through its cutting edge, masternode enhanced infinity nodes, and describes the considerable benefits that our upcoming decentralized cloud storage solution Incorruptible Data Storagewill provide to individuals and businesses everywhere. Forthcoming updates including Infinity Nodes 1.0, SIN Messenger, Proof-of-Integrity, and Proof-of-Inheritance also receive mentions. Many thanks to Adam West from CardRates.com for creating this.
SINOVATE: Understanding The Basics article published
Learn about the basics of the SINOVATE blockchain, including how our deflationary, masternode adapted infinity nodes will transition from their existing guise to the custom-coded Infinity Node 1.0 platform. This article also describes the SINOVATE DAO (Decentralized Autonomous Organization) project model, as well as the many advantages afforded by the upcoming trihybrid consensus. Great work Jonathan Lees!
SINOVATE Masternode Gem Review released
Many thanks to CryptoTube for his second fantastic review of the SINOVATE project. CryptoTube provides a detailed analysis of recent news and developments, including the SINOVATE AMA Live on Zoom, our beautifully redesigned new website, the upgraded GUI Wallet, core features and benefits of the upcoming InfiniteChain, Infinity Nodes 1.0 advantages, and much more. Watch the SINOVATE masternode gem review here.
SINOVATE May 2020 Premium Update published
The SINOVATE May 2020 Premium Update has been published on Masternode Buzz. Find out about SIN’s recent developments, including the release of our Native Mobile Wallet, one-click SINOVATE setUP, the on-going HODL Coin Offering marketing campaign, and more.
SINOVATE Infinity Nodes ROI article released
Check out this excellent article by Crypto Huff, who explains the significant passive income returns achieved by a number of infinity node owners. Statistics for MINI, MID, and BIG infinity nodes have been provided for the past 12 months. Additionally, details of missing SIN coin rewards from previous network issues are given. Read the infinity nodes ROI article here.
SINOVATE Looking At The Infinity Node released
Many thanks to KIFS Crypto for his excellent review of our masternode enhanced infinity nodes. KIFS provides a detailed analysis of the core features of infinity nodes, how they work, what makes them differ from other masternode orientated projects, and how would-be node holders can benefit from joining the SINOVATE network. Our one-click SINOVATE SetUPcold hosting service and the Flits Masternode App also receive mentions as straightforward, seamless, and inexpensive options to set up an infinity node. Watch the infinity node review here.
COMMUNITY GROWTH & SOCIAL MEDIA
We continue to experience high growth across all social media and communication channels:
de25e13 Extracted lr, owner payment, check score of signe… – crptec.
ab501b0 Added update condition – crptec.
a2d4b86 Balanced use coinsview – crptec.
2c57933 Synced coinsview – crptec.
9d95376 Changed label – crptec.
bea95d3 Checked score of signer – crptec.
e8d8bd9 Updated modaloverlay.ui – hardwarewise.
944a1a4 Not disconnect from node – crptec.
29891db Minor fixes – hardwarewise.
540f6f5 Checked signers in register info fix – crptec.
975b296 Format of change address – crptec.
7cb130b Changed port for summary cache – crptec.
fc706a7 Fixed calcul balance – crptec.
9fc8bc4 Testnet param, miner payment, historical metadata – crptec.
d444728 Hide segwit checkbox – hardwarewise.
8e374f7 Optimisation, semantic the DIN node process – crptec.
e133285 Built next stm in some case – crptec.
3fdb05a Fixed sync from block genesis – crptec.
1e044d9 Accepted Ipv6 – crptec.
46a439e Status in VPS – crptec.
0ed6fc0 Changed log message – crptec.
98ac4a5 Bumped ios version and build number – randomDevSkillz.
5cf45a2 Updated light.css – hardwarewise.
d8f9a89 Miner small reward for DIN node address – crptec.
e84405b Forced send Commitment – crptec.
de25e13 Extracted lr, owner payment, check score of signe… – crptec.
fe464d3 Qmenu icons have been changed. – hardwarewise.
09cd99b Updated infinity_node_guide_with_setup.md – Cryplander.
2226b15 Discord Updated – SametBasturkk.
6d97f72 Theme Changed – hardwarewise.
0f12161 Updated style.css – hardwarewise.
7a7a78a [misc] Disabled IX msg processing directly – giaki3003.
8f8a0be Updated layout.jade – hardwarewise.
c80ac91 [trivial] Typo – giaki3003.
aa74bd3 [trivial] Formatting – giaki3003.
0950c69 [DIN] Added LR validation – giaki3003.
0950c69 [DIN] Added LR validation – giaki3003.
1ee97e0 Added missing translations – randomDevSkillz.
b7c80d5 Updated sidebar.md – hardwarewise.
ebea3a1 A link has been removed from the Resources Menu. – hardwarewise.
8200f85 Compatibility with explorer – crptec.
0336f82 Minor fixes – hardwarewise.
6c7704b Fixed combobox issue – hardwarewise.
bfb5654 Coins view – crptec.
0a9efb7 Updated optionsdialog.cpp – hardwarewise.
b8188c2 LIL to MINI Typo Update – SametBasturkk.
af06620 Coin Control default setting is set to enable. – hardwarewise.
fc23573 Show InfinityNode Tab default setting is set to… – hardwarewise.
2e24807 Set fork height for testnet. – crptec.
00e06fd The getlatestVersion request has been removed – hardwarewise.
aad9af1 Updated faqpage.ui – hardwarewise.
c35f377 Last BTC price request address has been changed. – hardwarewise.
1e044d9 Accepted Ipv6 – crptec.
2771e7a Added german translation (more to come) – randomDevSkillz.
b09b6a8 Updated sidebar.md – hardwarewise.
b6a2424 [depends] Bumped X11 auth – giaki3003.
094bb94 [depends] Bumped libxcb – giaki3003.
f73debf [depends] Added libxkb, needed for newer QT versions – giaki3003.
5dca25f [depends] Bumped OpenSSL to 1.1.1g – giaki3003.
179fbb8 [depends] Added libxkb to the packages list – giaki3003.
2477d2b Added address tp keypair and checkey RPC – crptec.
f3e4964 Removed some space – crptec.
533bb8e Merged branch ‘development’ of github.com:SUQAOR… – crptec.
f5d61a0 [threading] Locked cs when accessing infman code – giaki3003.
06a6115 Merged remote-tracking branch ‘origin/developmen… – giaki3003.
5a6b532 Updated configure.ac – hardwarewise.
f26591b Removed old data from map, avoid memory issue – crptec.
a18ce33 Removed old data from map – crptec.
5553ee8 Separated infinitynode RPC in new file – crptec.
b9432c3 Added remove in thread – crptec.
Infinity Node 1.0
- Revolution of node structures.
• Pure new custom code.
• Deterministic Infinity Node infrastructure.
• Schnorr Signatures.
• Double run in mainnet.
- I.D.S. — Step 1
• Incorruptible Data Storage.
• SIN Messenger (Decentralized Direct Messaging).
• Blockchain-based Electronic Mail.
The latest Financial Statement is available to view:
Weekly updates for June 2020 can be found below:
Join us and stay tuned for all forthcoming updates via our website and social media platforms: