SIRIN LABS Token
Crypto Overview
Overview
SIRIN LABS Token (SRN) was launched in 2017 as a utility token to support SIRIN LABS' blockchain smartphone ecosystem. The token was meant to be used for purchasing SIRIN LABS products and services within their ecosystem.
Purpose and Utility
The intended purpose of SRN was to serve as the native currency for SIRIN LABS' blockchain-focused hardware products, particularly their FINNEY smartphone. The token was designed to facilitate purchases within the SIRIN LABS ecosystem and provide access to special features.
Current Status
As of 2023, SIRIN LABS has largely ceased operations related to their blockchain smartphone initiative. The project's development appears to have stopped, with minimal to no recent updates on their official channels. The token's utility has effectively diminished as the primary use case no longer exists.
Business Model Analysis
The original business model was halal-compliant, focusing on hardware sales and technological innovation. There were no elements of riba, gambling, or other prohibited activities in the core business model. However, the project's current state shows minimal activity and utility.
Token Distribution and Governance
The initial token distribution included allocations for the team, advisors, and public sale participants. While the distribution model was transparent, the current trading volumes and market activity are extremely low, indicating minimal usage of the token.
Crypto Impact
To assign a comfort level investing in SIRIN LABS Token from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to SIRIN LABS Token.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.