SIRIN Labs, a manufacturer majors in privacy smartphones, has managed to raise up to $110 million in the first 24 hours for their upcoming project! How did they do it? Read on to find out!

SIRIN Labs and the story behind!

Firstly, let’s get know about SIRIN Labs! The Sirin Labs is a smartphone developer focusing on the luxury market. Their device is famous for the cyber-protect and privacy focus. As a result, their handsets usually come with a high price. Notably, Sirin Labs’s handset – Sirin Solarin has a massive $16,000 price tag. This smartphone has a unique switch. When turning on, this turns your handset to an extreme cyber secure mode. Users can only outgoing voice calls and securely encrypted messaging.

Furthermore, Sirin Labs are now calling for the fund to develop their next flagship. To raise the amount needed, Sirin Labs chooses to join the Initial Coin Offerings (ICOs). Within 24 hours of their token sales, they have managed to secure $110 million. One of the reasons behind the success is the market presence of SIRIN. Furthermore, the great response to the campaign is also noteworthy. This counts as a great victory against the decline backdrop of the ICOs market.

This time, Sirin Labs is planning to develop a new product name FINNEY. This is the first open-source, cyber-protected, blockchain-enabled smartphone and PC. For the campaign, raising $25 million mean that they are going to start working on SIRIN OS. Moreover, reaching $50 million means that the company can begin to work on FINNEY Smartphone. Even though Sirin’s success is impressive, there is also another campaign that caught our attention. Last June, we also saw a significant project of Bancor, which has raised up to $153 million in just three hours.

What will be FINNEY price tag?

We know that Sirin has the tradition of having a high price tag for their handset. With such high-level security and protection, FINNEY price cannot be lower than its predecessor value of $16,000. What do you think about this handset? Is it a YAY or NAY?!