WEEKLY UPDATE

4 min readDec 10, 2019

02/12/2019 ~ 09/12/2019

SINOVATE (SIN) provides a summary of news, progress, and project development every week. This article serves as the latest version of an on-going series, keeping our community informed on all things SIN:

ANNOUNCEMENTS & PARTNERSHIPS

SINOVATE lists on MEREBEL

SINOVATE is now available on MEREBEL, a user-friendly, Multi-Node-Pool and Auto-Exchanger Platform. MEREBEL’s dashboard provides a simple platform overview as well as user account statistics. This includes the total amount invested, number of active Masternodes and a real-time view of investment return per Masternode.

Community Members can either allow the platform to automatically select cryptocurrency investments or do this manually. MEREBEL has an automated exchange and Bitcoin (BTC) rewards facility, permitting the direct swapping of Masternode earnings into BTC. Invest into an Infinity Node via the MEREBEL Investment Platform here.

SINOVATE explainer videos

SINOVATE will be releasing a series of short explainer videos for all aspects, features, and services provided. Check out the first of these here, which outlines the many benefits of our X25X Algorithm. Stay tuned to our YouTube channel for more!

New Infinity Node places to open in May 2020. IDS Step 1 soon to follow

At the end of May 2020, around 500 new Infinity Node places will open. These will provide a very high return on investment, due to SIN coin scarcity and continuous coin burn factors. The first-year node cycle was required for the adaptation, security, and stability of Infinity Nodes. Also, this enabled Community Members to increase their coin amounts.

Indestructible Data Storage (IDS) Step 1, our real-life use case, will be implemented soon after the second Infinity Node cycle. DataSend (B-Mail), where encrypted document sending and storing will be permitted, will initially be limited to 1.5 MB.

We strongly believe that the best is yet to come. Long-term SIN coin and Infinity Node owners will be handsomely rewarded for their trust. Solving inflation issues within the crypto sphere is our mission, and we are well on our way to achieving this. A culmination of hard work, unique thinking, and a fantastic community will make us a successful project for many years to come. Thank you for your fabulous support.

SINOVATE Official Website v2 sneak preview

Check out a sneak preview of the new and improved SINOVATE Website, which will be vastly quicker, slicker and more user-friendly than the current version.

COMMUNITY GROWTH & SOCIAL MEDIA

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

Sinovate.io STATS

DEVELOPMENT

On-going development continued, with notable updates implemented:

Release:

— Add node owner’s backup address in infinitynodeburnfund RPC.

— Extraction backup address from Blockchain.

In progress:

— Schnorr signature (giaki).

— Trezor Wallet (mip).

— Onchain metadata (xtdevcoin).

ARTICLES & REVIEWS

Many thanks to our CX Analyst & Blockchain SME Nick Moore, for this fantastic explainer article on inflation, what burning coins means and how SINOVATE solves this problem.