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SINOVATE<\/a>\u2019s Incorruptible Data Storage (IDS) dCloud network is providing game-changing decentralised cloud storage to the market \u2013 and to do that, the network needs reliable, distributed hardware and dedicated servers which will provide it with the stability and longevity needed to run this ground-breaking service.<\/strong><\/p>\n From rampant COVID-19 market uncertainty, to 350% BTC<\/a> price appreciation since March, and now to the return of Crypto to the mainstream media spotlight \u2013 it\u2019s been a roller-coaster of a ride. As we approach the year end, we have seen innovative responses to the pandemic born from blockchain \u2013 the often-touted supply-chain use case has found good application in helping to alleviate the issues resulting from over-subscribed retail and commercial supply chains. Not to mention the use case for distribution of a COVID vaccine, which requires rigorous quality control and traceability, two elements handled succinctly by blockchain application.<\/p>\n Perhaps too, the rise in price signals that people are once again searching for an alternative to the traditional financial system which has failed them \u2013 one which is part of a world of indecision, and of grim outlook. Comparatively, sentiment in the crypto industry is up. PwC\u2019s estimate on big money\u2019s presence in the industry doubled from $1bn in 2019, to $2bn this year in 2020. What\u2019s more interesting to note is that 42% of those hedge funds were involved in cryptocurrency staking \u2013 or to those familiar with industry terms, DeFi.<\/p>\n And the market truly has taken DeFi in its stride. In February of this year, a total of $1bn was locked in DeFi contracts. And a short 6 months later in August, that figured had risen by more than 400% to a total of over $4bn. And as of 20th November 2020, that figure approaches a staggering $14bn, which represents 1400% growth in commitment this year. It does not take a great stretch of the imagination to understand that there is a link between the fantastic returns offered by DeFi and the general uptick in the Crypto industry.<\/p>\n In the crypto industry, we are used to hype. We saw plenty of it in 2017, when the ICO craze first hit, and for DeFi, staggering numbers aside \u2013 you don\u2019t have to look far to see the same issues. Never far from the headlines is news of bad actors, scams, pump and dumps, exposed through Telegram groups, and if you\u2019re lucky \u2013 even executed on exchanges, where funds can be returned.<\/p>\n And with an eerie warning coming from a mysterious whale touting 99% of DeFi as a scam, we\u2019ve got to look at the possibility that repeating our past mistakes \u2013 that is, committing undue amounts of wealth to projects with no tangible backing, no history, and no team \u2013 Is inviting trouble. It leaves investors at the mercy of the market, and at mercy of the DeFi bubble popping.<\/p>\n It comes at a perfect time, then, that a solution to the latent shortcomings in the world of passive income should become apparent this month. With the present hardfork in the SINOVATE project\u2019s code, comes the release of the Deterministic Infinity Nodes, or DIN for short \u2013 And there are some impressive returns being offered for operating nodes on the SINOVATE network.<\/p>\n In short, SINOVATE<\/a>\u2019s Incorruptible Data Storage (IDS) dCloud network is providing game-changing decentralised cloud storage to the market \u2013 and to do that, the network needs reliable, distributed hardware and dedicated servers which will provide it with the stability and longevity needed to run this ground-breaking service.<\/p>\n To start a node, users stake their choice of SIN coins as collateral. The collateral is burnt at the start of the 12-month period, and returned over the course of the year by daily rewards \u2013 Which provides the financial incentive to wait the full year out, and also reduces inflationary pressure. SINOVATE is rewarding users at the following levels:<\/p>\n And the best part is, no tricky masternode setup \u2013 SINOVATE have implemented their one-click node setup<\/a> to allow users to get their node running automatically in a matter of minutes, instead of hours usually associated with node setup.<\/p>\n Even though running a node is easy, SINOVATE still wanted to make great rates of passive income available to everyone, no matter their level of wealth. That\u2019s why they are introducing the HCO (HODL Coin Offering) \u2013 Where users can get up to 15% APY from locking up to 75,000 SIN for up to 1 year. The full breakdown can be found below:<\/p>\n What\u2019s more, is that the SINOVATE team is funding this initiative directly from the development budget, meaning that there will be no new tokens minted, to neutralise inflationary impacts resulting from the initiative \u2013 But hurry, because there are only 64 days left of the initiative!<\/p>\n It is true that DeFi has changed the financial landscape this year \u2013 and it is true that we expect more from our money \u2013 however what is also apparent is that scam projects and bad actors are running amok in the market at the moment. SINOVATE is a project with a game-changing proposition, a dedicated and community-focused development team, and the potential to go further than any project has before their hardfork just released, and there are many more updates on the way in the next 6 months, and now, they have an answer to DeFi.<\/p>\n When will you head to infinity? Visit the website<\/a> to learn more or set up your node today<\/a>.<\/p>\n This is a sponsored post. Learn how to reach our audience here<\/a>. Read disclaimer below.<\/em><\/small><\/p>\n The post Better than DeFi: SINOVATE\u2019s New Infinity Nodes Provide Up to 130% Returns<\/a> appeared first on Bitcoin News<\/a>.<\/p>\n2020 \u2013 What a Year for Crypto<\/h2>\n
DeFi: All That Glitters is not Gold<\/h2>\n
Deterministic Infinity Nodes: An Alternative to DeFi<\/h2>\n
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No Node? No Problem \u2013 Introducing HCO<\/h2>\n
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Conclusion<\/h2>\n
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