SINOVATE (SIN)

-33.37 %

Market Cap

The total market value of a cryptocurrency's circulating supply. It is analogous to the free-float capitalization in the stock market.

Market Cap = Current Price x Circulating Supply.

24 Hour Trading Vol

A measure of how much of a cryptocurrency was traded in the last 24 hours.

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Fully Diluted Valuation

The market cap if the max supply was in circulation.

Fully-diluted market cap (FDMC) = price x max supply. If max supply is null, FDMC = price x total supply. if max supply and total supply are infinite or not available, fully-diluted market cap shows - -.

0>T
Circulating

The amount of coins that are circulating in the market and are in public hands. It is analogous to the flowing shares in the stock market.

922,827,721.00
Total Supply

The amount of coins that have been already created, minus any coins that have been burned. It is analogous to the outstanding shares in the stock market.

If this data has not been submitted by the project or verified by the CMC team, total supply shows - -.

0.00
Max Supply

The maximum amount of coins that will ever exist in the lifetime of the cryptocurrency. It is analogous to the fully diluted shares in the stock market.

If this data has not been submitted by the project or verified by the CMC team, max supply shows - -.

0.00
Low High
Week Month Year All Time
High

Jan 28 2023

0.001154363315
-59.93%

Jan 28 2023

0.001154363315
-59.93%

Apr 15 2022

0.002684114823
-82.76%

Nov 01 2018

-95.92%
Low

Jan 29 2023

0.00046050809
0.46%

Jan 29 2023

0.00046050809
0.46%

Oct 25 2022

0.000193501698
139.07%

May 15 2020

148.22%

Market

Sr. Exchange Pair Price Spread Volume Volume% Confidence Last Traded Trust Score

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Coin
SINOVATE
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Coin Info

SINOVATE (SIN) is an innovative state of the art blockchain for decentralized cloud storage launched in 2018. Established as a Decentralized Autonomous Organization (DAO), SINOVATE aims to offer a decentralized Cloud (dCloud) multi-chain ecosystem to answer the future challenges of Big Data and Artificial Intelligence. This ecosystem has the following unique features: 1) Hybrid GPU-based custom Proof-of-Work (PoW) algorithm X25X and fourth-generation Proof-of-Stake (PoS) consensus for block validation which ensures an ultra-secure, efficient, and scalable blockchain technology. 2) Infinity Nodes network for enabling a low-cost, high-speed, and stable data storage platform. This is only possible with the unique 12-month contract commitment and LockReward algorithm for fairly distributed reward systems among tiers of Infinity Nodes. Rewards come from their contribution to the Proof-of-Services (PoSe) layer composed of instant and data storage payments. 3) Proof-of-Burn (PoB) mechanism applied on the Infinity Nodes collateral, data storage fees, and transaction fees. The inflation paradigm solved by SINOVATE will ensure an easy network capacity increase and a novel cryptonomic model with market-dependent self-regulated circulating supply. 4) Regularly updated codebase enables SINOVATE to be updated to the latest technological development from Bitcoin technology. This allows SINOVATE to exploit Layer-2 protocols such as smart contracts or state channels for micropayments based on the Lightning Network. Of course, SINOVATE allows easy development of decentralized applications to provide data storage services and more. 5) Incorruptible Data Storage (IDS), a revolutionary approach for a dCloud environment backed by Infinity Nodes with robust, secure, and unique protocols such as blockchain-based File Transfer Protocol (bFTP). IDS roadmap considers multiple steps with its step-1, B’Mail, in December 2021. 6) InfiniteChain, a Layer-2 that interconnects blockchain solutions of the SINOVATE ecosystem thanks to the sidechain technology. This will make SINOVATE the only one dCloud multi-chain ecosystem in the world. SINOVATE will be infinitely scalable with an unlimited data storage capacity, services, and applications. Alterra, a real estate company, becomes the first partner historically to enter the ecosystem. 7) SINOVATE is bridging with the Ethereum and Binance Smart Chain ecosystem to become an element of the DeFi ecosystem. It will enable SINOVATE to be interconnected with solutions backed by these solutions. SINOVATE mutually joins the forces for an infinite decentralized platform. Specifically, SIN coins will be wrapped, usable, and tradeable on the different decentralized exchanges.
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