Widely you guys swung. Creating special smartphones. Is this a special device or add-on over android? And how will this work in practice? How much will it cost? How will you persuade people to buy this gadget? What dividends will a device owner receive to compensate for their device costs?
The FINNEY is a special device branded by Sirin Labs, it will run Shield OS, our extension to Android and will be certified by Google, same as we did with Solarin. the estimated cost of the smartphone is 999$.
you will be able to pre-order it with SRN tokens after the crowdsale.
we have several motivations for the device and token economy -
first, the token will be used to buys the device, so if the token price goes up you actually buy the device with less token that you may have bought in less than 999$.
second, there is a pre-order discount.
third, we plan to reward the community with a constant daily amount of money to buyers of new devices, every new device will get some amount of SRN token on the first activation of the device cold wallet.
And the most important: we are pushing towards an open developer community where developers and device vendors adopt our OS and SDK and create more devices and apps that runs Shield OS and use the SRN token. these apps can implement P2P micropayments, resource sharing, and more.
in addition, we will have few of the best d-apps in the market like status and stox adopt our SDK and come preloaded on FINNEY. these apps will enjoy one of the most important features of the SDK - seamless token conversion between other tokens to there own token.
here is Stox announcement about our cooperation:
https://medium.com/@stoxhq/stox-and-sirin-labs-announce-partnership-3c52864b9175for more details please visit our website
https://www.sirinlabs.com/ and read the white paper
https://www.sirinlabs.com/media/SIRINLABS_-_White_Paper.pdf Very interesting project. I read about this earlier before the post, so I wasn't aware that the ICO hasn't been announced. A few questions:
1. What if you bought $999 of SRN tokens and then when the phone comes out, the tokens have dropped in value? Will you be forced to buy more SRN to buy the phone? Will this not encourage people to just wait for the phone to come out, and then buy SRN tokens with $999 and buy the phone?
2. The money will be credited daily to phone owners or SRN buyers?
Very interesting project, are you the representative for Sirin Labs?