Sirin Labs Raises Over $121 Million In Virtual Coin Crowdsale

December 17, 2017 | Sirin Labs, the Switzerland-based Israeli-founded blockchain firm known for developing a $17,000 secure smartphone for high-end clients, announced that it has so far raised $121 million in five days in an initial coin offering (ICO), a means of crowdfunding via cryptocurrency, for its next project — a blockchain-secured, open-source phone and PC called FINNEY. Sirin Labs said it raised the money from over 5,000 people globally. The crowdsale for the SRN token, Sirin’s cryptocurrency, was launched on December 12 and will end on December 26. CEO and co-founder of Sirin Labs, Moshe Hogeg was cited by Reuters as telling reporters: “These are our potential clients. We think they will be the first to buy the phones.” Sirin Labs recently signed soccer star Leo Messi as a brand ambassador for the company, making international headlines. Hogeg said the target sum had been $75 million. The phones and PC, built on an in-house operating system SirinOS and supported by SRN are expected to hit the market next year, Hogeg indicated. The devices are set to feature crypto-wallets, a secure exchange access, encrypted communications, and a P2P resource sharing ecosystem for payment and apps, Sirin Labs said.