Sirin Labs ICO (2017): Sale History, Figure & Outcome
Sirin Labs conducted an initial coin offering in 2017 for its SRN token to fund development of the Finney blockchain phone. The Ethereum-based project raised USD 158 million during the peak of the ICO boom.
| Token | Sirin Labs (SRN) |
|---|---|
| Sale year | 2017 |
| Category | blockchain hardware (phone) |
| Chain | Ethereum |
| Documented figure | $158,000,000 |
| Outcome | inactive |
| Data tier | 1 — hand-verified |
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What the record shows
The token sale aimed to finance production of a smartphone with built-in cryptocurrency functionality. While the Finney phone eventually shipped, sales proved disappointing and the company faced financial difficulties within two years of the token sale. The project became inactive, marking another high-profile case of an ICO failing to deliver on its promises.
Era context: ico mania (2017–2018)
The 2017-2018 period saw token sales reach unprecedented scale, with hundreds of projects raising funds rapidly. Many record-breaking sales occurred during this time, though numerous projects collapsed afterward amid market corrections and legal scrutiny. This era represented both the peak of initial coin offerings and their subsequent decline.
This sale is one of the 234 entries in our ICO Mania (2017–2018) era archive, part of the complete history of crypto presales — a sourced dataset where every figure links to the page that shows it.
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Sources
- https://en.wikipedia.org/wiki/List_of_highest-funded_crowdfunding_projects
- https://www.coindesk.com/markets/2020/08/12/sirin-labs-founder-sued-over-unpaid-6m-factory-bill-for-finney-blockchain-phone
- https://thenextweb.com/news/sirin-labs-25-workforce-moshe-hogeg-lawsuit
- https://coinbureau.com/review/sirin-labs-srn
This page is historical research built from a sourced dataset — not a recommendation to buy anything. Token sales are high-risk. Money figures appear only where the cited source shows one. Corrections with sources: support@bmic.ai.