|Market Cap||Volume||Available Supply|
|$2.24 M||$179,451||824.37 M SIN|
SINOVATE current price is $0.00271 with a marketcap of $2.24 M. Its price is 14.24% up in last 24 hours.
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 cryptonomi