SINOVATE May 2020 Premium Update
For this edition of our Monthly Buzz Backer, we’ll be considering the level of the progress our Premium Backer, SINOVATE has made within the last month.
SINOVATE (SIN) is an open-source state of the art community-driven digital cryptocurrency building innovative blockchain solutions for individuals, developers, and enterprises.
SINOVATE did not fail to live up to expectations in the last month. The project has recorded some significant milestones and development is still in top gear despite the global Corona Virus pandemic.
Within the last month, the project has released its Native Mobile Wallet for both Android and iOS devices. The new release which is the first of its mobile series comes fully loaded with a plethora of exciting features, including a stylish design with dark and light modes, instant send and receive functionality, blockchain and coin burn stats, and optimized user-friendly experience.
The SINOVATE website has also received a major facelift with priority given to ease-of-navigation and rapid access to various aspects of the project.
In May, SINOVATE was voted as one of the most innovative masternode projects in the 2020 Masternode Community Awards. The project secured 4th place with 75 votes and has promised to work harder to make it to first place next year.
SINOVATE’s One-click Infinity Node setup Cold Hosting has gone live. The VPS hosting service will allow users to deploy Infinity Nodes at the click of a button. This removes the technical barrier involved in setting up an infinity node.
Talking about Infinity Nodes, the concept was introduced in June 2019 to fight inflation and bring stability to the project’s node network. Due to the nature of the nodes, the first set of infinity nodes are will expire in June, giving way to the possibility of higher rewards for current and new node owners. In light of this, the SINOVATE team has introduced a campaign to incentivize users.
The team stated that it will be keeping things simple and the campaign will be beneficial to both experienced and inexperienced users. The campaign will run for 75 days and rewards will be distributed based on how long users lock their coins – three months, six months, or twelve months. The passive income which will be paid from the project’s development funds is will be distributed in the following monthly ratio: 1.25%, 0.5%, and 0.25% to twelve months, six months, and three months, respectively.
To wrap up this monthly update, SINOVATE has officially being listed on ProBit Exchange, a top-60 exchange on CoinMarketCap. Trading has resumed on the exchange and SINOVATE is available on the following trading pairs: SIN/USDT and SIN/BTC.