• SIRIN LABS

    4.2
  • The first open-source, cyber-protected, blockchain-enabled smartphone and PC.

About SIRIN LABS

Sirin Labs, developer of the ultra-secure $14,000 mobile phone Solarin, has pivoted from luxury to mass market devices and is conducting a crowdsale to support its latest development: Finney, the first open-source, cyber-protected, blockchain-enabled smartphone and PC.

Sirin Labs was founded in 2014, and in 2016 launched the Solarin, a highly secure, high-end smartphone that incorporates state-of-the-art hardware and software security to provide 24/7 cyber protection, including a private zone for encrypted calls and messages. The company is now utilizing its technology to make the same level of security more readily available (and affordable) to holders of crypto currencies and assets, and to create a secure and efficient network of decentralized apps and services that connect the devices and enable peer-to-peer resource sharing managed with micro-payments.

The Finney smartphone, with a target price of ~$999, will feature a 5.2-inch QHD display, 256GB of internal memory storage, 8GB RAM, a 16MP main camera, and a 12MP wide-angle selfie camera. The Finney PC, a thin client with a target price of ~$799, will feature a 24” 2K display, 8GB memory, 256GB storage, and biometric security sensors; additional computational power (GPU/CPU/RAM) will be available via a P2P resource sharing protocol or a cloud based service.

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Finney devices will run on Shield OS – Sirin Labs’ Android-based ultra-secure operating system – and operate on an independent blockchain network powered by IOTA’s Tangle technology and Sirin Labs’ own security framework. The system is designed to support inherent blockchain applications such as a crypto wallet, secure exchange access, encrypted communications, and P2P sharing and transactions, so as to enable secure and reliable handling and exchange of crypto currencies and assets, as well as participation in the network powered by the company’s SRN token. While Finney devices will provide users with enhanced crypto security in general, they will themselves form an independent blockchain network, “free from centralized backbones and mining centers,” based on the “distributed, scalable, light-weight, ASIC-resistant ledger” at the heart of Shield OS. Finney devices will also utilize a tamper resistant hardware secure element to store confidential and cryptographic data such as encryption keys and biometric templates. Furthermore, both hardware and software platforms are to be released as open-source.

Shield OS is designed to provide a built-in cold-storage crypto wallet (with IP address hiding and MAC address randomization), as well as secure P2P resource sharing. The built-in wallet is protected by the company’s BlockShield technology, which provides a secure area protected by a physical switch, such that when the wallet is not in use, it is physically and electronically disconnected from the network. BlockShield also includes a cyber-protection suite with a behavior-based Intrusion Prevention System (IPS), blockchain- based full tampering proof, and three-factor authentication (biometric, lock pattern, and behavioral), and provides secure communications as well as an application container. The wallet is designed to support multiple accounts and various cryptocurrencies including Bitcoin, Ether, Litecoin, Dash, Zcash, Ripple, Stratis, and Dogecoin, in addition to Sirin Labs’ SRN. Access to private keys will be available only to the hardware wallet module, but API access will be enabled via a wallet interface service. P2P resource sharing between devices will be handled via a Decentralized Resource Sharing Manager, responsible for allocating, authorizing, and sharing resources over the decentralized network, with a background service to manage SRN payments according to a dynamic cost protocol. The DRSM will manage resources such as device sensor data, network connections, CPU and GPU time, and device storage.

The Finney ecosystem will be powered by a decentralized app store run by the community, benefiting from built-in trusted and secure P2P resource sharing and fast, fee-less, micro-payments between users. Sirin Labs will share an SDK to enable the community to develop apps that benefit from decentralization and the devices’ P2P functionality. Developers will be able to create a diverse range of micropayment-based applications and services for sharing data (e.g. weather or traffic updates) and resources (e.g. connectivity or computational power). The Shield OS will provide the virtualization layer with accurate metering of shared resources, and open protocols will be provided for sharing resources both directly and over the cloud.

SRN tokens will be the means of payment to developers and service providers within the ecosystem. According to the whitepaper, users will pay developers 100% of their subscription fees directly, including any third party services for auditing, parental control, etc. they wish to employ. Notably, SRN tokens will not only be the means of payment for apps and services, but will also be required to purchase the devices themselves, although details are not yet available. Apparently, the company’s revenue will not be based on fees, but rather on the devices themselves (including partnerships with OEMs), as well as on apps it will provide and operate (encrypted calls and messages are given as an example).

In the meantime, while the Finney devices and network are being developed, SRN holders will be able to use their tokens to:

  • purchase Solarin products including the Solarin smartphone, Beryllium earphone, and international charger, at 10% discount off maximum retail price,
  • purchase apps and services provided and operated by Sirin Labs, such as encrypted calls and messages and a cyber-security suite,
  • pre-order Finney devices at a 20% discount off maximum retail price.

Once the Finney blockchain is launched, SRN tokens will be used to:

  • purchase Finney products (phone, PC),
  • purchase apps and services provided and operated by Sirin Labs, such as encrypted calls and messages and a cyber-security suite, as well as P2P resource sharing,
  • send and receive payments for shared resources (internet, CPU/GPU, charging),
  • purchase apps and services on the dApp store,
  • warranty, repair, and other service packages,
  • other micropayments.

The Solarin is available for purchase at Sirin Labs’ store in London as well as online, and the secure calls and messages application and services can be purchased via the company’s website.

Sirin Labs is headed by founder and CEO Moshe Hogeg, an Israeli serial entrepreneur, who also founded the Alignment Blockchain Hub (which provides consultation and backing for early-stage blockchain projects) and Singulariteam (an investment fund for early-stage technology companies), as well as Mobli (a photo and video sharing platform), all headquartered in Tel-Aviv, Israel. The company’s website presents a team of 40 team members including co-CEO Zvi Landau, VP R&D Amit Krelman, CTO Eli Ben-Ami, CFO Guy Elhanani, VP Product Guy Shirazi, CMO (marketing) Nimrod May, CSO (security) Oren Ben-Tovim, and others. The company’s advisors include, among others, Bancor co-founder Guy Benartzi, Zimperium founder Zuk Avraham, and former Sony Mobile CTO Takeshi Ito.

Note that according to the roadmap, the smartphone won’t become available for sale unless the company raises at least $25,000,000 in its ICO. Similarly, a minimum of $50,000,000 is required for developing the PC, and a minimum of $75,000,000 for OEM versions and device models to become available. However, a minimum raise of $25 million will enable the company to make its Shield OS available to OEMs.

Team

Sirin Labs is headed by founder and CEO Moshe Hogeg, an Israeli serial entrepreneur, who also founded the Alignment Blockchain Hub (which provides consultation and backing for early-stage blockchain projects) and Singulariteam (an investment fund for early-stage technology companies), as well as Mobli (a photo and video sharing platform), all headquartered in Tel-Aviv, Israel. The company’s website presents a team of 40 team members including co-CEO Zvi Landau, VP R&D Amit Krelman, CTO Eli Ben-Ami, CFO Guy Elhanani, VP Product Guy Shirazi, CMO (marketing) Nimrod May, CSO (security) Oren Ben-Tovim, and others. The company’s advisors include, among others, Bancor co-founder Guy Benartzi, Zimperium founder Zuk Avraham, and former Sony Mobile CTO Takeshi Ito.
Moshe Hogeg
Founder and CEO
#
Zvi Landau
Co-CEO
Amit Krelman
VP R&D
Eli Ben-Ami
CTO
Guy Elhanani
CFO
Guy Shirazi
VP Product
Nimrod May
CMO
Oren Ben-Tovim
CSO

Crowdsale Details

Token Sale Dates

N/A

Total Supply

N/A, but token allocations are provided:

40% to contributors during the token sale; 10% to OEM’s, Shield OS implementation, SDK developers, and rebate of sold device; 10% to the founders and team to be gradually vested over a 12-month period; 5% to professional fees and bounties; 35% to Sirin Labs, to be used for future strategic plans for the created ecosystem.

Raise Limits

Uncapped, 14 days limit.

Pricing Structure

Base price N/A.

Bonus structure: 10% during the first 24 hours, 5% during the 2nd-7th day, no bonus during the 8th-14th day.

Project Highlights

Technical White Paper

https://www.sirinlabs.com/media/SIRINLABS_-_ICO_White_Paper.pdf

Concise and comprehensive coverage of product design, hardware and software architecture, and marketing plan.

Team

Large, established, transparent (see review).

Location

Moserstrasse 48, 8200 Schaffhausen, Switzerland

Blockchain

Ethereum ERC-20 using the Bancor protocol; to be converted to a coin on the IOTA network toward launch.

Project Code

N/A; but hardware and software platforms are to be released as open-source.

Prototype

N/A

Token Rights

Purchasing devices as well as apps, products, services, and resources within the ecosystem. Discounts on existing products and pre-orders.

Ratings

Product

View Breakdown
Product readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

5
N/A
5 - Fully operational.
Appeal

Does this solution have a distinct edge?

4
N/A
4 - Captivating.
Target User Base

Is it mass market or niche?

4
N/A
4 - Large audience / wide market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

5
N/A
5 - Hardly any (or no) competition.
Innovation and IP

Is there (patentable) innovation and intellectual property?

5
N/A
5 - Highly specialized, proprietary.
Use of Blockchain

View Breakdown
Blockchain advantage

Is blockchain technology essential? Does it make the solution significantly different and better?

5
N/A
5 - Novel blockchain and service.
Precautionary measures

Is it safeguarded against misuse and corruption?

4
N/A
4 - Generally disruptive.
Need for custom token

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

4
N/A
4 - Token is essential to platform.
Intrinsic value of token

Does the token provide holders with value other than as an investment?

4
N/A
4 - Mostly decentralized.
Contribution to the blockchain economy

Does the solution contribute to the evolution of blockchain infrastructure and economy?

4
N/A
4 - Captivating.
Whitepaper

View Breakdown
Comprehensiveness

Does it cover the full scope of the problem and solution?

4
N/A
4 - Satisfactory coverage, well written.
Readability

Is it easy enough to understand?

4
N/A
4 - Easy to read and understand.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

4
N/A
4 - Informative disclosure.
Business Plan

Does it contain a viable, comprehensive business plan?

4
N/A
4 - Clear, well thought out, realistic.
Technology

Does it present a well thought out technological architectecure? Does it address implementational challenges?

5
N/A
5 - Thorough, viable, convincing, promising.
Development Roadmap

View Breakdown
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

5
N/A
5 - Professional.
Feasiblity

Is the development plan realistic? Is it based on reasonable goals and timelines?

3
N/A
3 - Optimistic.
Vision

Is there a larger, long-term vision?

5
N/A
5 - Paving the way for the future.
Maturity

Does it seem as though a lot of know-how and experience went into the development plan?

3
N/A
3 - Imperfect but available, or using substitutes.
Current position

Is the project currently sufficiently far along in its development plan (relative to its vision and plans)?

3
N/A
3 - Getting there.
Business Model

View Breakdown
Concreteness

Is there a concrete business plan (vs. market descriptions, general sentiments, and fluff)?

4
N/A
4 - Distinctive use cases.
Feasiblity

Is the business model realistic? Is it based on reasonable goals and timelines?

4
N/A
4 - Not as such, or compliance is assured.
Clarity

Are the solution's revenue streams, profit mechanisms, key KPIs, etc. clear and easy enough to understand?

3
N/A
3 - Prototype / MVP / alpha.
Cost effectiveness

Is the project raising an amount of money that makes sense given what it needs to reach profitability?

4
N/A
4 - Specific, detailed.
Legitimacy

Is it safe from legal, moral or investor abuse?

5
N/A
5 - Professional and top-tier.
Company and Team

View Breakdown
Company stage and foundation

Is the company already established? Has it raised funds before? Is it mature?

4
N/A
4 - Established with some fundraising history.
Founders

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

5
N/A
5 - Accomplished, recognized.
Core team

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

4
N/A
4 - Fully assembled and committed.
Advisory Board

What is the level of presence, added value, and commitment of the advisory board?

5
N/A
5 - Meeting and exceeding project requirements.
Blockchain Talent

Are there enough sufficiently experienced blockchain architects and developers on the team?

4
N/A
4 - Good, sufficient for each aspect.
Token Sale

View Breakdown
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

4
N/A
4 - Well suited to needs and plans.
Raise Amount Min

Is the minimum raise reasonably enough to carry out the majority of the development plan? Are there raise amount dependent milestones?

4
N/A
4 - Reasonable, sensible.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

3
N/A
3 - Rough estimates, but sensible.
Token Sold / Kept Ratio

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

3
N/A
3 - Sufficient company/community interest balance.
Quality Campaign Stategy

Is the ICO well planned in terms of time, phases and scenarios?

5
N/A
5 - Exceptional presence and interest, having credibility.

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