I. Project Overview:
SINOVATE (shortened form: SIN) is successfully upgraded from SUQA, POW+MN anonymous token, infinite node of world’s pioneering coin destruction mode. SINOVATE (SIN) combines its brand new X25X proof of work (PoW) algorithm and Komodo (deferred proof of work (dPoW)), which is able to effectively resist 51% of computer power attack. X25X algorithm supports CPU and GPU mining, which is able to effectively resist ASIC, FPGA and QUANTUM and other professional mining machines.
II. Project Information (up to May 13, 2019)
English name: SIN
Algorithm: X25X
Block time: 2 minutes
Scale: About 2.5 billion SIN after 20 years (including SINOVATE block chain, IDS, RSV, assets and future technology transaction fee, these will be burned from circulation supply immediately.)
Market value: USD 2.4 million (circulation market value)
III. Organ Rating-Opinion of CITEX.IO: A
Strengths:
- No ICO, no pre-mining;
- World’s pioneering destruction mode POW+MN anonymous token;
- SIN has brand new customized X25X algorithm, only CUP and GPU mining can be done;
- X25X algorithm and Komodo deferred proof of work (dPoW) integrate computer power of Bitcoin network, which can effectively resist 51% of computer power attack.
- Infinite node;
- Supporting mobile payment within 3s;
- Supporting data transmission of anonymous documents, document restriction at stage one is 1.5M. No document restriction at stage five;
Weaknesses:
- Small capital budget of sponsor;
- New project, low market attention;
IV. Useful Links
Official website: http://sinovate.io/
Block chain browser: explorer sinovate.io