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I just started bounty hunting and I notice many of ICO creator and/or ICO team member from India. I wonder why? No discrimination meant here, just wondering why.

Look for population in India - 1 318 700 000 people! It is the answer

Other than the fact I don't think your suggestion is true there are many reasons, it's a densely populated place. I'm fairly sure that most ICOs and developers etc come from Russia but I could be wrong in that assumption. I doubt there are any official statistics on this.

I think more than nationality, ability matters in such specifically qualified fields, so maybe therein lies the answer you seek.

Haha, I wanted to express my surprise "Where do you get these mostly Indian ICO creators" but then I saw an insight about developers from Russia... Okay, guys, I will add to your opinion: why do you think the majority of blockchain projects are developed by Asians? Again, this is only what I see on the market. It's really interesting to know other observations. Maybe we could build stats on this  :D

I think this is due to the fact that India has an enormous unemployment rate. The citizens of India are looking for an outlet in remote computer work. It is this kind of activity that provides a normal income and gives you the opportunity to find a job. Programming is the salvation of youth. Sometimes this is the only way out to provide for yourself. Crypto currency is now a gold mine in the information world. That's why people who can not find a job choose this sphere. This is an autonomous, remote work with the possibility of a good earning.

I think crypto is really popular in their country and their population number is really high. Given the unemployment rate, most of the people try and find an online job or a way to earn some money through the internet

There are a lot of talented people from India. Look at the population as well. Same thing happened on Fiverr, where all of the technology gigs/graphic designers are from India.

Doesn't bother me. I like people from India.

I have not seen any Indian project. As for russians and asians that is what I see mostly. I bet it would be much more ICO projects based in USA if America would change politics regarding ICOs

I do not agree with the thread poster, mostly the icos are coming from russia, europe and asia (japan, korea, china etc), but yes, maybe bounty campaign managers are mostly from india or pakistan, i will agree with you to that extent.

To my mind lots of people from different countries and of different nationalities are talented and engaged in crypto projects and ICOs. May be from one country it is higher persentage, from another country not so much people we can see among the team members. It depends on the project, its idea, the area of implementing and where it will be realised and functioning. But the author of this topic has a good sense of humour ))))))))  ;)To my mind lots of people from different countries and of different nations are talented and engaged in crypto projects and ICOs. May be from one country it is higher persentage, from another country not so much people we can see among the team members. It depends on the project, its idea, the area of implementing and where it will be realised and functioning. But the author of this topic has a good sense of humour ))))))))  ;)

India have lot of talent and also lot of people are outsourcing team work from India to handle there ico so don't think they are handling all actually there is some different person behind them. Who is only investing and using Indian face.

I don't see too many Indian ICO's here. I see more of Russian and Chinese, Korean ICO's. Everybody can make their own ICO if they have a project in their mind. If you see Indian ICO's that only means those Indians work hard for their project. BTW I see most of ICO projects have multi-cultural team.

Population isn't the most valuable key or reasons why many coins are created in India or many Indians are members or part of the token team, include also the field of their specialization, background of education, range of interests and most reasons is they have business advisors living in the place in related to cryptos.

I think you happen to come across this! Because about 70% of ICO are Russian projects)
But in any case, this is due to prohibitions in the countries
In America, there are great requirements for ICO, for example

I Don't know where you found that Most ICO creators are from India!  ;D I don't think so, Rather India is a populated country and one of the top countries where lots of people are involved in Crypto.

That's a fair point, but there are more Chinese than that and they are not really famous for creating ICOs. Well, actually I didn't know Indians were, but we could give it a thought and try to explain the fact. Cryptocurrencies are not considered to be legal means of payment and are not officially regulated yet. IndianEconomy.net is saying that bitcoin is a bubble and that investments in cryptos can burst anytime. Moreover, there's an article about icos only starting to appear in India in October 2017. All this is only speaking in favor of the information about icos being mostly Indian being false.

Nice topic buddy, as we know the most progressive and favorable to ICO and ICO jurisdictions today are Singapore, Hong Kong, Switzerland, the United States and Scotland. The registration procedure for obtaining legal entity status for ICO and tax laws in these countries is the most profitable for blocking companies.
As I know it is true there is not yet saw a thread  mention of statistics for ICO developers. Or maybe i missed that.  Your idea will be very interesting for others to share the same conclusion.
I've read some topic of ICO statistic, only this maybe closest with your theme buddy.
https://icobench.com/stats

Crypto has no boundaries and I don't see a problem of having an Indian on the team unless you say you have something to unvail about this and besides those could be people who have left India and are sharing their expertise to the newly formed company and its also good for business.

India was a poor country back then,but now i believed few years from now it would the one of the super power countries.Its populations are growing like china that is why they are taking advantage to the technology that they can use,cryptocurrencies might save their ass just like other countries in asia.

I always thought that more ICO and Russia, surprised that you put India in the first place, maybe because there is a lot of population

As far as i know india has good universities with technology,that is why most of them are trying to finish their college degree because i have heard there that engineering and i.t related courses are the first choices of the new generation,surely this country will be massive in the future as they have a lot of resources than any country today.

Yup, every 2nd human is Chinese, every 4th is Indian and besides they are quite smart and good in IT. You can find Indians everywhere - Google, Apple, Microsoft etc.

I dont think its in india,most of the ICOs are coming from russian countries, most of the scam ICOs are russian based counties but theres no doubt a lot of indian people are into cryptocurrencies because the technology in india is great and most of the new folks from universities are getting technology based courses,information technology and engineering that is why most of them are into this field.

I dont think its from india,because russians has more ICOs than these india nationals,a lot of scam ICOs are coming from russian people i know it because i am joining every bounty campaigns they are having,india has more chance of getting success compare to these russians and you should know how these races thinks so that you will have a good idea who's ICO is better.

In this era, India has a lot of smart people in the IT department. but for ICO, I think most ICO now comes from Russia, yes although sometimes there are team members coming from India

India boasts of one of the Highest IQ levels, there are very smart people there and their IT skills are goo, making them good programmers and hence good developers

Russia and India - those guys see lot of poverty around, so they trully understand that only via blockchain things could be solved!
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India has a lot of talented people but they have not the money to start projects so ICOs give them new oppotunities.
Same for russian, asian ond other people.

Its not easy to get money from a bank and even if you get you have to pay a lot interest...

Not from india,most of the ICOs are and ICO shitty projects are coming from the russia.Most of the ICO scams are using russian identity that is why i stongly disagree with the india thing,because india doesnt have the capability to do shit things like that they might be good in technology and programming but they arent too dumb to scam millions of dollars.

proof?

Actually from my observation, most ICO teams are from Russia. Indian teams are on 2-4th positions by number of ICO's.

People in developed counties have more secure income. People from other counties are trying different ways to make some money.

Definitely, Indian people were so smart and there is no doubt in it. On the other hand, we can't say that most creator of ICO are coming from India because there is no proof of evidence that we can conclude. Although, there are some speculations but we still need some real evidence. Moreover, I think Indians were so good in terms of innovating things so probably there is a chance that they are part of some of it.

Most of the ICO scams are from russia it means that numbers of russian scammers are bigger compar to indians,INDIA has a good population and has has good informaton technology students,that is why most of the professional in i.t field comes from india,great engineers are from india better than chinese people who will only get what you have.

I don't think that most of the ICO creators are from India. Do you have any proof to show from your claim? I know that most of the best people in technology are from India but I don't think about ICO's.

Yeah I know this thing but regarding with their involvement to ICO's, I have no clue.

Because cryptocurrency is popular in India and the rest of Asia. Have you ever tried sending money between Europe/USA and India? It's almost impossible without extremely high fees. Cryptocurrencies allow these entrepreneurs to essentially bypass the input/output limit that their banks force on them. In my experience, most ICOs are from low economically developed countries as their governments usually inhibit growth, this is a way to escape that dulling pressure.

It depends on the point of view of the country who are into blockchain, But in my opinion Russia is no.1 country when it comes to ICO business or startup and second would be China and U.S. We are on Web 3.0 and it evolves very fast day and night.

Where did you see that all the creators of the ICO are Indians? Maybe you confused the inhabitants of India and the inhabitants of Asian countries? In fact, quite a few projects whose creators are not residents of India.

Okay, after reading all your replies I end up checking ICO's and check the ICObench stats. I now do agree that majority of ICO's are from Russia (shady some) so I'm not sure how ICObench got the stat that US have most ICO but then maybe it's because their ICO already finished and I'm just starting.

And maybe the correct title is "Why people of India involve in almost all  ICO?".

Do you mean devs or executives? I'd say Indian devs are just cheaper than those from Europe or America, that's why

I don't think it's a fair statement to make. I would love to see the official stats but yes Asians are in most crypto

Indeed there are some people who participate in ICO projects that may have deepened cryptocurrency,So his role is indispensable for the success of ICO because the person is judged to have potential in the field of cryptocurrency.

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They are smart people that's why.  :D

India is third world country but most of the region in the India are now very educated and developing at faster pace. The information technology fields are growing very fast in India and there are people who speak English and carry management skills far greater than native English speaker. (That's the truth and no discrimination of any kind).

Moreover, the population of India is obviously huge and more than enough people are taking education in IT sector. They have opportunities everywhere and they are also hard worker.

FYI : These are facts.

I think it's less about that, and more about the fact that India is a developing economy being constrained by its own government. ICOs allow Indian citizens to control their own destiny and achieve financial success in a difficult economic landscape.

Actually I didn't really see much teams from India.. May be you just choose such projects somehow (or it is me who chooses other projects as well  :D)

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As i know many ICO from Singapore and Europe and there are many Indian staying in this country, but wherever they come from the important thing is skill and professional the team founder to development the project so give more benefits to the community.

I think I will agree with skill and that India is developing country and have high number of population

And yes, maybe since I'm just beginning I haven't much expose to other project and that unconciously being involve to ICO that have many India national involve. Anyways, thank you for the insight.

In my opinion it is because they were among the first to know about this opportunity to earn and I learned to do it much better than other developers.I trust them

Interesting question. :D Interesting observation. ;D Are you just an inquisitive person, where such data are taken? ;)

I also noticed that there many programmers from India, and my favorite coin devs are also from India. I am talking about Stratis platform. Devs from India are the most hardworking to my mind and deliver product on time.

Due to large population here in India, ICO creators really found lots of benefits from india than any other country in rest of world, but mostly ICOs here in recent past year are scams one.

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about the population you have correctly noticed, but this is a country of 3 worlds. The majority of the population are uneducated

I don't know some. Can you please named those ICO? Anyway it doesn't matter. Cryptocurrency is for everyone.

This information is not correct base on my own personal findings and statististic, most ICO developers are not from India. Russians are even much in the ICO industry than Indians. I think so many members of the platform can say something abvout this as well. Thanks

interesting thing crosses in my mind that many giant cyber corporations like google and microsoft hire many employees from India, including the CEOs. is there any relation to this?! I don't know.
I just know basic concept of business. the bigger population in a country, the bigger market will be. I think this is why India has many ICO creators along with China and USA.

Most Indians are good with computers and technological issues, their programming skills are just some of the best in the market, hence their presence in ICO creation

it seems very interesting, it is a very natural thing because one of the contributors to the recent crypto advancement is India, in which there are various potentials that I see, even though there is one official who will stop his support for crypto currency but the benefits have been much felt and I make sure it will add to the potential better.

Interesting, I never saw team from India in ICO

Interesting questions, India's IT is also very developed, and the digital currency is just beginning to gain popularity among them. But now the news is that their government has banned digital currency transactions. This is a very bad news.

I don't think so. Its mostly multi-cultural team.

I started hunting bounty too and found that almost bounty participant came from Viet Nam ^^

anyway, dig in to main question: Indian are very clever (look outside, you would see that too), so they easily creat a ICO/coin no doubt, and there also very much billionaires want to have their own coins for some purpose.... so, there you go. that's why so much ICO from India.

I guess, after the ban of Bitcoin in India, we will not see many ICOs from this country. Meanwhile, the majority of these projects come from Russia, Ukraine, the countries of Asia and Baltic countries.

I see 2 reasons:
1) there a lot of  developers(they write not the best code, but there is really big amount of developers)
2) country is poor and ICO maybe the way to put food on the table for a lot of people will be involved.

I already noticed it recently but i think most ICO creators now are from India because they have a good economy and they are new to cryptocurrencies. Most ICOs that already over are from European and Middle Asian country like china , korea, japan and russian. So i conclude the India got so many investors and supporters to run out an ICO.

Is that clear? I always thought that more ICO and Russia too, surprised that u put India in the first place, maybe because there is a lot of population maybe...

I dont know how, but we have to appreciate on that mostly their country has a some potential to have holder at this situation. To be followed support all the moderator for helping each other as one community.

India has big population, people are all over the world, so they are also involved in crypto industry. I do not think that there is some other reasoning.

Yes this is the reason, people from India and China are all over the world, not only in the crypto industry.

lol what you talking about? I rarely see INDIAN ICO CEO or Creator. Mostly are Russians.
Btw it does not matter from where they are. The thing matter is are the really making something good or real life product usage.

is it true I do not know that
I think it is from America or China
how many ICO is made from India?
Tell me if you know.

I noticed that most ICO projects come from different countries.
I rarely see an Indian ICO project, which is exactly the opposite of what you have described.

I agree with you, creation of things doesn't matter much when it comes to country's population, it comes to the ability of person or any individual who can do such things, when it comes to token developing perhaps they have a large group in India that come together and starts a project...

Unlike what is generally known, India is a country that invests a lot of technology .Their citizens are working hard to improve on this issue.

This may be the reason. :)

Really? Do you have any stats data? In my opinion, Europe and Russia are the mainstream ICO creator.
Personally, I prefer several ICO from that countries.

due to big population they have, you can find everything you need as qualifications to launch an ICO. they have the skills, and they have enough knowledge and influence to gather investors around the world.

Well believe it or not even though India is a country that is not that rich in general, they are quite inclined to technological advancements, and that is why India is one of the countries leading in BPO industry and the production industry. I also I agree with some replies pointing to the sheer number of people in India, being one of the countries with the biggest populations in the world. I think people there being tech savvy plus wanting to find a way to improve themselves are looking for cryptocurrency ventures, specifically ICOs to meet their objectives.

well maybe ur channel too short about it.
if u know , the most of ico is created from europe and russian people.



where u get the info about it ?
as far i know , india try to neutral about Crypto
so how about this ?
My Source (https://www.newsbtc.com/2018/04/07/no-india-not-banned-bitcoin-trading-government-confirms/)

Because most frauders are available here and public is very less aware of what is going in name of ICO.

The population and % of active internet users - and you get overall picture...

It is a jaw opening news that most of the ICO's are from India, congratulations to the data collector if it is a true news not fake like some ICO's, It shows the intelligencey of the Indians that they are creators and also holding the ICO, as per internet records only a few % Indian people are using  internet if some more people use it they will capture the whole bbusiness.

I dont see if ICO creator from India, i was seen many ICO most of them the team from Europe, Singapore and South Korea. Maybe you see only 1 or 2 ICO website, there are ahundreed ICO in amonth and i see only alittle bit team from India. To find good ICO not base on where come from their team founder but depend on the aim of the project and their community.

There are a number of good software developers and programmers in India, their IT skills are good, and they can create amazing projects. i think its their competence that makes them good in creating ICOs

It is not just crypto related areas where a lot of Indians are involved. If you look at freelancing sites, the majority are from India. As India is a very big country with huge population, it might be hard to find regular jobs hence they tend to do online work which is a good way and gives a good return.

I don't think so. in crypto we don't know race or ethnicity. we are all the same, not only India, even Russia is also dominant. maybe you just find ico who has a team or developer from india. there are some ico that in the hands of the Indians become successful.

I think because there are a lot of qualified professionals who really understand this area and work well

maybe you joined to a project with one of team member is from india not all
because, at this moment a lot of ICO creator come from china, hongkong, rusia etc

As I can see on ICObench.com there are many ICO with team members or advisors from ex USSR (Russia, Belarus, Ukraine, Kazakhstan).
Actually I'm surprised.

That is not correct, there are ICO from all over the world and India, given its population and tradition in software is actually underrepresented in this field.

I don't think I see a lot of projects from India, only 2 or 3 if I remember it right but if you feel like there's a lot then it's possible because India has a lot of population and they are developing country so of course fintech is popular there. The people over there also quite enthusiast about crypto. Right now there's way more projects from Russia than India but I think it will change in a few years.

I thought it was because it was one of the only lucrative jobs in India and they started doing it first on such a large scale.

I do see ICO developers from India but I don’t think most of the ICO creators are from India. From what I see, there are Russian, China, Singapore and European creators.

because India is a poor country in which ICO is one of the best ways to earn money and for all people absolutely

India is a poor country ? I guess you have no economics at all. I do not know the country you live in, but India have as many billionaires as the number of people in your country.

Note: i am not indian :)

Should we say india is ico capital of the world? Maybe because india government has no regulation on ico unlike korea and other country as we know india is one of fast rising economy and besides there are lots of ico from india that has a great pottential example is bitxoxo bitcoin exchanger that launch their ico last april15

Indian programmers are one of the best in the world, while their salary is not so high. So it is very comfortable to make the projects in this country. 8)

Currently, only Indian users who have KYC verified account on Bitxoxo can invest in the listed ICOs there Launchpad using their Bitxoxo’s Balance. But very soon users around the globe can invest into ICOs on there ICO Launchpad.
In this Bitxoxo Ico project is the first in India that's why I'm impress about what they offer.

Good Luck to the team behind this project.

Statistically, the majority of the ICOs come from Asia and Russia. Yes, some of them are Indian ones, but there are not so many ICOs from this country. However, most of these projects are reliable and trusted.

You could think that most projects are actually outsourcing the works to India because of the country's ready available workforce (population) and that could be the reason why it appears that way

I do not really know about how the industry in india works but those people who are living in there are smart enough to create wonderful technologies and most of the i.t. companies are hiring indians because they are all smart enough to finish their job quickly.

I have not seen any Indian undertaking. With respect to russians and asians that is the thing that I see for the most part. I wager it would be considerably more ICO ventures situated in USA if America would change governmental issues with respect to ICOs

experts from India are some of the best in the IT industry. this has already been proven many times, Indian programmers are in demand all over the world

As I would see it is on the grounds that they were among the first to think about this chance to gain and I figured out how to show improvement over other developers.I trust them

I dont think its in india,most of the ICOs are originating from russian nations, the majority of the trick ICOs are russian based provinces however theres no uncertainty a ton of indian individuals are into cryptographic forms of money in light of the fact that the innovation in india is awesome and a large portion of the new people from colleges are getting innovation based courses,information innovation and designing that is the reason the vast majority of them are into this field.

This is not quite true.  Yes, in India there are many people who create ICO, and those who work on them.  But if you are not focused on this country, you will see that other countries are also working in this direction.  We are waiting for all good, successful projects.  India is a huge country with a very large population, and we see them more often.

I think India young population is part of  the reasons why we have many developers from India

In fact, India has a lot of blockchain employees, so it will certainly be seen by us. But what exactly are you talking about? I think India's ICO is not very common, I think Russia and China are more....

Well, it's your opinion so I respect it. But according to what I've noticed, ICO's team is usually composed of people coming from the European and Western countries. Well, this is not a constant happening so maybe I'm wrong too ;D.

Anyway, it's no surprising that there are Indians in the devs team of a particular ICO. Indians are good in programming as well as engineering, no doubt about it. The problem is they are just underrated by other countries because they came from the Third World and may also because of their weird culture/way of life.

I may be wrong but as I know the reason that there are so many programmers in India is that there was a time when America decided to find more work force(programmers can work remotely) so many companies started to teach programmers there because their salary is not as high as American ones and it is more profitable

everyone from the different world has its own ideas and abilities in crypto. like from different countries is not a problem because each person has their own abilities and backgrounds. but Russia dominated the majority probably some position in team ICO and it is also a great achievement.

I think more than nationality, ability matters in such specifically qualified fields, so maybe therein lies the answer you seek.
SciDex is creating a new contract that will be readable by human and machine, will be on the blockchain and can be used by normal businesses. And they are doing an ICO soon.

In India, people are very enterprising. Now ICO is a chance to earn capital. If the project never earns them for it nothing will be, there is no control. I bypass all projects from this country.

Do you mean bounty hunters?   ;D
I think European (maybe Eastern Europe) is the most ICO creator but in their team you will always find Asians face (China, Indian, etc).

I think this is a good trend, which means that many ICO teams are international. I find that usually a real ICO project team has people from India, China, Russia.
Perhaps these countries will have an advantage in the future blockchain competition because they have accumulated a large number of professionals.

Because I am sure that Indians are smart, they can still enter the top development teams from various ICOs.
Also India is full of residents and they certainly have the opportunity to enter the ranks of the ICO Developer Team.