Better than DeFi: SINOVATE’s new Infinity nodes provide yields of up to 130%

SINOVATE Incorruptible Data Storage (IDS) dCloud network provides the market with revolutionary decentralized cloud storage and, to do so, the network needs distributed and reliable hardware and dedicated servers that provide it with the stability and longevity it needs to manage this terrain – exceptional service.

2020 – What a year for Crypto

From the rampant uncertainty of the COVID-19 market, to the 350% BTC price appreciation since March, and now to Crypto’s return to the mainstream media spotlight – it’s been a roller coaster ride. As we approach the end of the year, we’ve seen innovative responses to the blockchain-born pandemic: the often touted supply chain use case has found a good application in helping alleviate the problems arising from supply chains over-undersigned commercial and retail. Not to mention the use case for the distribution of a COVID vaccine, which requires strict quality control and traceability, two elements managed synthetically by the blockchain application.

Perhaps rising prices also signal that people are once again looking for an alternative to the traditional financial system that has failed them – which is part of a world of indecision and gloomy outlook. Comparatively, sentiment in the cryptocurrency sector is on the rise. PwC’s estimate of large sums of money in the industry doubled from $ 1 billion in 2019 to $ 2 billion this year in 2020. Most interesting to note is that 42% of these hedge funds were involved in staking. cryptocurrency or to those who knew the terms of the industry, DeFi.

And the market has really taken the step of DeFi. In February of this year, a total of $ 1 billion was locked in DeFi contracts. And a short 6 months later, in August, it is estimated to have risen by over 400% to a total of over $ 4 billion. And as of November 20, 2020, that figure is approaching the staggering $ 14 billion, which represents a 1400% growth in commitment this year. It doesn’t take a great deal of the imagination to understand that there is a link between the fantastic returns offered by DeFi and the general rise in the Crypto industry.

DeFi: All that glitters is not gold

In the cryptocurrency industry, we are used to advertising. We saw plenty of them in 2017, when the ICO craze hit for the first time, and for DeFi, jaw-dropping numbers aside – you don’t have to look far to see the same problems. News of bad actors, scams, pumps and dumps, exposed through Telegram groups and, if you’re lucky, even run on exchanges, where funds can be returned, are never far from the headlines.

And with a disturbing warning coming from a mysterious whale touting 99% of DeFi as a scam, we must consider the possibility of repeating our past mistakes, i.e. pledging undue sums of wealth to projects with no tangible support, no history and no team – is inviting trouble. Leave investors at the mercy of the market and the bursting of the DeFi bubble.

Deterministic nodes of infinity: an alternative to DeFi

It comes at a perfect time, then, that a solution to the latent shortcomings in the world of passive income should become evident this month. With the current hardfork in the SINOVATE project code, comes the release of the Deterministic Infinity Nodes, or DIN for short – and there are some impressive returns offered for operating nodes on the SINOVATE network.

In short, SINOVATE Incorruptible Data Storage (IDS) dCloud network provides the market with revolutionary decentralized cloud storage and to do so, the network needs reliable, distributed hardware and dedicated servers that provide it with the stability and longevity it needs to run. this innovative service.

To start a node, users stake their choice of SIN coins as collateral. The collateral is burned out at the start of the 12-month period and returned over the course of the year by daily rewards, which provides the financial incentive to wait the entire year and also reduces the inflationary pressure. SINOVATE rewards users at the following levels:

• MINI DIN (100,000 SIN Collateral) – Returns of 130%
• MID DIN (500,000 SIN Collateral) – Returns of 30.6%
• BIG DIN (1,000,000 SIN Collateral) – Returns of 27%

And the best part is that no complicated masternode configuration – SINOVATE has implemented one-click node configuration to allow users to automatically get their node up and running in minutes, instead of the hours usually associated with node configuration.

No knots? No problem – Introducing HCO

While making a knot is easy, SINOVATE still wanted to make excellent rates of passive income available to everyone, regardless of their level of wealth. That’s why they are introducing HCO (HODL Coin Offering) – where users can get up to 15% APY by blocking up to 75,000 SIN for up to 1 year. The full breakdown can be found below:

• 12 month block – 15% APY
• 6 months block – 6% APY
• Block 3 months – 3% APY

Furthermore, the SINOVATE team is funding this initiative directly from the development budget, which means that there will be no new tokens minted, to neutralize the inflationary impacts resulting from the initiative – But hurry, because there are only 64 days left to the initiative!

Conclusion

It is true that DeFi has changed the financial landscape this year – and it is true that we expect more from our money – however what is also evident is that scam projects and bad actors are doing great on the market right now. . SINOVATE is a project with a groundbreaking proposition, a dedicated and community-focused development team and the potential to go beyond any project before their hardfork is just released, and there are many more updates coming in the next 6 months and now they have a response to DeFi.

When will you head to infinity? Visit the website to learn more or to set up your node today.

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