Saygus Extends Indiegogo Initiative For Smartphone V-SQUARED After Achieving $1M

V SQUARED 2

With just a few days before its Indiegogo campaign for its already famous smartphone, V-SQUARED,  was supposed to come to an, Utah-based Saygus announced that it was extending the project for another week (just as it surpassed its initial $1 million goal).

V SQUARED 5As previously reported, V-SQUARED (also referred as the V2) has been a “big deal” for almost a year due to the constant hype from the company. It is described as a “massive disruptor in the smartphone industry.” It has 464 GB storage, wireless HD beaming, Harmon Kardon sound, 21 MP OIS Camera, Dual sim, and, of course, waterproof. Saygus claims that V-SQUARED has 10 more exclusive features and technologies that are “new to the market.”

During a recent update, the Saygus team shared:

“It has been an incredible month! We have seen great support from the IndieGoGo community, joining us in driving the Saygus V SQUARED forward in its final stages. Thank you. The excitement is only building as we dive further into tuning and perfecting the phone. In this spirit we’re happy to announce we are extending the IndieGoGo campaign for 1 more week!”

The company also stated that there are ” 3 compelling reasons” to pre-order now on Indiegogo:

  1. V SQUARED 3A true unlocked, world phone: “If you haven’t yet backed the campaign you should right now!  The Indiegogo and early pre-order units are the only units guaranteed to be full global smartphones, meaning you can put your SIM card on any carrier into the V SQUARED and it will work. As we move into retail with various carriers in the future, some markets post-Indiegogo will not offer the phone with dual sim. And it goes without saying how fantastic it will be to have the world’s first no-compromise smartphone in your hand first!”
  2. Pricing: “On the same note with going into retail in the future, there is no guarantee the V SQUARED will be sold at the current direct price of $650 when distributed through carriers. So for some markets, this could be the most affordable time to get the phone.”
  3. Referral Program: “We are launching a referral program for you to earn the chance to get a free V SQUARED!  We will be posting an update with more details tomorrow.  Stay tuned for how to share with and recruit your friends so you can earn your V SQUARED plus some accessories!”

V SQUARED 4Saygus then noted:

“Stay Excited! We appreciate your support and encouragement. We are working day and night to bring you the smartphone of your dreams!”

Upon the campaign’s launch, Saygus was criticized due to the project already being delayed. Originally scheduled to ship this past March, Droid Life revealed that Saygus sent out an email explaining the persistent delays:

“[We]are approaching time for you to receive your V-SQUARED and will notify you of your shipment soon!”

Critics also raised eyebrows when the campaign quickly gained over $800,000 within a matter of hours. Android Police commented:

V square“…it looks like over 1,400 people magically pledged money the instant the campaign went live. I’m sure there are some people who really want this phone, but more than $850,000 in the blink of an eye? When you look at the list of funders, it’s clear what’s going on. Indiegogo allowed Saygus to back-load the campaign with existing pre-orders. There are over 1400 “Anonymous” contributions from two days ago, long before the campaign launched. This strikes me as incredibly deceptive as it makes the campaign look much more popular than it is.”

Not afraid to show distaste for the project, Droid Life team stated:

“We are looking at a ‘Fall 2015 shipment.’ Yep, this schedule says that they essentially took everyone’s early adopter money to finally manufacture a real prototype, then spent three months dealing with partners who could make it, and will take June and July to “finalize tooling” before ordering parts. In August and September, they will test the phone and then ship it at some point in the Fall. So we have gone from March to ‘Fall.’ Awesome.”

 

The campaign is not set to close next Saturday.

 

 


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