SINOVATE fully distributes initial HODL Coin Offering rewards

SINOVATE (SIN) 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.

Around 50% of the first rewards were sent by 31.12.2020, with the remainder being paid after block 604, 000. 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.

The amount of SIN received per interval depends on your earning option of choice. Please see the example breakdown table below for potential HODL Coin Offering earnings:

The SINOVATE HODL Coin Offering 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 in-house built PoS4 hybrid algorithm is currently in the works. This will permit one-click staking across all native wallets including mobile continuously, regardless of your level of holdings and Infinity Node ownership. Just like HCO, 24/7 cold staking means you are free to close your wallet and still earn passive income, with the additional advantage of no time limit to join. PoS4 will be implemented by 30.04.2021, during the upcoming Betelgeuse network upgrade. Stay tuned for the official announcement.

Conclusion

The SINOVATE HODL Coin Offering lowers entry points for everyone, regardless of infinity node ownership. All of the first rewards have now been distributed to network participants. Payments for the remaining rewards will continue monthly until the campaign’s conclusion, which will last for no more than 12 months. The custom-created PoS4 hybrid algorithm will permit staking from 30.04.2021 when community members can benefit from regular passive income for years to come. Thank you for your continued trust and fantastic support.

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

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Author: Amit Kaushal

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