Today we’ll have a look at one of the most discussed project — Sirin Labs. They’ve launched ICO this Tuesday and almost $100 millions raised until now!
SirinLabs is a fintech start-up which is going to create ultra secure smartphone. Later on they will develop entire ecosystem for their gadgets — OS and all-in-one laptop — already declared. Company is based in Switzerland — one of the most cryptocurrency’ loyal country in Western Europe. Project will be interesting for businessmen who is interested in keeping sensitive data securely.
At the moment, we can’t identify other interested groups in their product, because announced retail price is about $14k and it’s not affordable for most of the buyers. Smartphone is already released and now its bypassing test period within small group of selected developers.
Other components of SirinLabs ecosystem are currently under development and will be released in the following year. For now, they’ve got ready-to-use smartphone and it’s already a huge achievement, because not too many companies are launching ICO with even ready MVP. That’s give SirinLabs a competitive advantage compare to other competitors at the market.
Let’s check who is the biggest competitors of SirinLabs at the moment. Market of highly secured gadgets is not too big and only about 3 or 4 companies are working at this field:
- Blackberry. Previously famous gadgets manufacturer. Now they’re trying but not looking alive
- Turing. It’s also newly created company which named in honor of famous mathematician — Alan Turing — who has decoded fascist encryption machine called “Enigma”
- Silent Circle. The most powerful company in its industry from my point of view
Technical details of ICO
Regarding to SirinLabs announcement, they do haven’t set any exact HardCap for their ICO and going to raise as much as possible within 2 weeks period, until the end of ICO. It looks unusual but as I can observe, it’s very difficult to determine necessary funds to develop everything they’ve planned. That’s why they hadn’t put HardCap. Surely, SirinLabs has one or maybe an entire pool of “whales” — big private investors and funds. They’ve got ready-to-use product which makes search for private equity as easy as possible. Only one day after launch, but they’ve collected more than $100 millions.
Looks great, huh? Let’s have a look at their ratings. Sounds strange, but only 2 rating providers has rated this project. Grades are high, especially in compare with tons of other ICOs.
Regarding usage of blockchain, SirinLabs declared that it will be a base for their future open-source SirinOS with all common features of technology. Basically it will be used for resource sharing to provide high level of stability and security. Additionally, transactions will be provided as it commonly used in blockchain.
Project has huge perspectives in terms of mass adoption and usage. Complex approach of SirinLabs shows that company came for long time and will be operating at the global market. Ready-to-use device makes them even more attractive for investors. Premium segmentation will give them a good ROI, because all premium projects has huge percentage of returns. If you’re going to invest in this project — it should be long-term investments, because price per token will be low up to the date of final release of entire ecosystem. After that, we’ll see great price increase.
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Provided review can be used only for informational purposes. All what I’ve mentioned above is only my opinion. This review is not an advice or recommendation. You’re totally on your own when decide whether to invest or not.