SIRIN LABS, developer of the SOLARIN ultra-secure mobile phone, announced today that it is launching a crowdsale event this October. The uncapped token sale is meant to support the development of FINNEY, an open source, secure smartphone and all-in-one PC, that runs on a fee-less blockchain.
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“SIRIN LABS understands that the world can’t truly embrace digital economy without a paradigm shift in device architecture that will enable true security, without compromising user experience,” says Moshe Hogeg, founder and CEO of SIRIN LABS. “We’re paying close attention to the feedback we’ve received for SOLARIN, and while SOLARIN is still being sold and serviced, we decided to take the core offering and to wrap it with a new sleek design that’s a fraction of the cost, so it can serve the crypto community, and their growing need for enhanced security.”
The FINNEY devices will run on a SIRIN LABS operating system that will be designed to support crypto-related applications, such as wallets, secure exchange access, encrypted communications, and a P2P resource sharing ecosystem for payment and apps, all supported by the SRN token. The SRN token will be the network’s default currency and only SRN token holders will be able to purchase FINNEY devices.
All the devices will form an independent blockchain network, a distributed ledger that is scalable and lightweight, powered by IOTA’s Tangle technology. According to the developers, it will be free of centralized backbones or mining centers, and capable of providing fast, fee-less and secure transactions.