Bitcoin Forum

Hello everybody!
Many Russian startups are trying not to focus on the fact that they are from Russia. According to legend, this could stop a potential European investor. Europeans, be honest, is this meaningful to you? Really interesting  ;)

Let's talk about ICO investments, to be quiet clear

Though it is clear that you are interested in the ICO investment, it is also clear that there is a underlying recist tone in your post. Should all the startups focus on their ethnicity and nationality while trading in the crypto market? The racial bounderies should not be a problem when we are in a decentralized and global system like crypto.

I am not sure what you mean. But in Russia, interest for ICOs is growing fast. Suddenly there have been a huge growth of projects in the country. This could attract potential European investors too, along with the rest of the world. 

OP must learn about if vitalik is a russian guy. Remember about the universa project that has created by borodich was also from rusia.

It should not be a problem because in fact the only problem is how competence that team to run the ico. mostly of amateurs are interesting in fast bucks

remember about centra and where is it come from?

Most of cryptos and ICOs come from the USA, so you could also say that most Americans are scammers... As said, Vitalik Buterin is Russian and also the WAVES project is another succesful platform from Russia.

Another one succesful ICO from Russia is SilentNotary, which is hard at work after collecting money in their ICO.

No country can claim to be at the centre of the crypto world,though many would like to. Around the world, Russian accents are commonplace at ICO pitch competitions.But their influence isn't immediately obvious in the numbers.

Yes, off-course it is a factor, we all know that Russians have no regulations regarding ICOs , there is a possibility that good ICOs can arise from Russia but i have not seen one yet and most definitely would think for a long time to invest in one.

Usually, as crypto is a worldwide global currency, the region or place is not so important to it. But if the Russians want to hide their profile, that is also legit as they are dealing with a decentralised and volatile coin. It also shouldn't matter to the west too.

I think, very narrowly if see the ICO from the country that made it, there are so many ICOs that are successful and come from Russia, that's not the point, seeing an ICO is how to see the project's potential and the seriousness of the team that runs it. so a country is not the main benchmark for assessing an ICO is good or bad

If you're someone who's not new to investing in ICO's or any business you won't make your decisions based on the nationality of the ICO. The core of any good ICO is the foundation, meaning the idea, the team behind it, their future strategy etc play a big part of drawing in the attention of potential investers. Anyone who knows what they're looking for will focus on these points, not what nationality an ICO is.

I think till now, there was no successful ICO that took place in Russia. But I hope things would change and there are some great projects that are currently ongoing and that are based in Russia. Best of luck guys from Russia.

Russians constantly deceive all for the sake of money. In the sphere of ico of projects there is a lot of deception created by Russians too. I personally don't trust the Russian teams.

I'd say that money doesn't know borders but some people do.. ayeah.. there is some feelings about the country and businessfreedom so it does affect a bit..
A while ago russian IT guys had pretty high reputation but it has fallen a bit.. best ones left and those who stayed had other problems..

I participated in many ICO projects and for myself determined that many ICO fraudulent projects are where the team consists of Russians. Therefore, I am reviewing the ICO team now, and if I see that most of them have a Russian last name, I just stop being interested in this ICO.

Here are some successful ICOs with russian team. Maybe you've heard of them.
Waves, Sonm, Genesis vision, Revain, Cindicator

I wonder where Vitalik Buterin comes from? :)
He used to go through some other countries though where he offered his starting idea first.. and then made it this way as it is..

What's wrong with ICO projects from Russia? I don't care where ICO projects come from :). You should know that all investors just care about potential of ICO project then they'll decide to invest in these projects or not :). As I know there are so many successful ICO project came from Russia :))).

Yes, of course, this is very significant because Russia is the country of the aggressor and can’t put any sanctions at any time and thus we can lose our investments

I don't understand the correlation of European investors to Russian starts up. Why would European investors simply stop on investing because the ICO is run by Russian? Care to explain what legendary story you got? This for me is just a conspiracy theory and nothing more. I guess you're trying to put some political colours but sad to say crypto has no boundaries.

Team of developer from Russia stop not only potential European investors, also from USA, Russia and from around the world. Usually russian developers try to hide this information.

Perhaps you have a little investment experience so you think so. If the team is from Russia and the project is launched in Russia, then at 99% it is a fraud. If you analyze the projects that were carried out in Russia, then you will see that all of them turned out to be scammers, only a few turned out to be legal. You can go to the Russian section and see how many fraudulent projects. Or ask any Russian-speaking person ,he trusts a team from Russia. The answer will be - no.
You can also read this article. It describes how Russian projects after collecting money buy expensive cars for themselves, divide money, but no one is involved in the project, and so on. You will be interested to read.
https://forklog.com/mertvogo-osla-ushi-a-ne-blokchejn-rossijskie-ico-startapy-pogryazli-v-raspryah-vmesto-razrabotki/
Universa/ZONTO/HOQU/SBC Platform/ - this is only a small part of the scam

European investors have more money and they do believe more to european and american ICOs. It is not related only to tokensales but in general to whole crypto projects.
As you see there is an advertisement on this forum on fake team changelly, they are also pretended to be european start up, there is another case as well- ICObazaar. They are russians,but hide it.

The main criterion when choosing a startup should be the uniquiness, the benefits of this technology and the experience of the team. From which country the developers shouldn't matter. There are many scammers all over the world. Exactly like decent people.

i think topic starter means negative aspect about russian based ICO, and in a certain part he is right. Just remember about promising
Universa (founders even didn't know how many assets they rose, then they brawled among themselves), Hoqu (also brawled). My suggestion it's
all coming from 1990s from russian mafia, thievish richmen, stereotype movies and so on...

But in other part there are many good and honest projects - like Waves, MPCX (ceo is russian), maybe other, just can't remember now...

never heard about MPCX, just checked out them, looks like ordinary ICO, nothing special.
As for Universa I gained 5x on their ICO, but now it is below ico price like whole market. To be honest it is the only product I believe , their github has regular commitments, their CEO makes reports every week and a lot of activity in general.

If, when analyzing the project, I understand that the birthplace of the project is Russia, then for me the interest in the project immediately tends to zero. I definitely will not invest in such a project. By the way, I recently read an article about what "successes" projects from Russia have achieved in a year, after successfully completing their ICO. The results are disappointing to say the least.

I see nothing wrong with Russian ICOs. By no means. I know a lot of successful projects, Universa, Waves, which had very successful ICO and collected very large investments, besides, they did not disappear, but continue to work and implement the blockchain not only in Russia but all over the world. If you want to focus on the nationality of projects, it should be noted that in almost every country of the world there are bad and good people, and you do not judge the nation by one person.

Unfortunately in my practice, found only two ICO from Russia and they both turned out to be a fraud. So on my experience, I have proven that Russian developers are often not honest. I'm certainly not saying that about all Russians, but in the field ICO a lot of problems with the Russians.

Russian ICO is another story.
Russian guys also dont believe to russian ICO's ))
Crypto is the young field and its bad what russians show they from bad side

I don't think icos nationality matter that much.

Russian ico can be a scam or can be the next thing. Nothing solid about that and being Russian doesn't guarantee anything good or bad.

I believe that all projects from Russia are not able to do something valuable. In my memory there is no project from Russia that would be successful and popular. I trust Asians more.

I don't think it will have any effect, because his lack of focus will result in their losses in investment, it can be seen that many Russians are also interested in joining here.

There is such stereotype. And Russian projects really need to give everything to destroy it. This was due to the initial negative experience of Russian projects. But recently I saw a project about an application for mining through sports training. I thought it was interesting and I use this application myself.

I think for now not only patterned on the Russian because many ICO projects have teams from various countries. There are also those from developing countries who also try to make ICO projects. We cannot be pegged to just one country, this is universal for all countries. I also see that there are also many potential investors from Asia such as China and Japan.

Russia is trying to legalize cryptocurrencies for the second year, and the authorities are failing to finally decide on this issue. Apparently, therefore, many Russian ICO projects are trying to go under European brands, so as not to be prosecuted. Although the Russian Central Bank successfully tested the conduct of ICO and is ready to create an appropriate platform.

i'm also not believe in Russian ICO =) until they prove the opposite, the truth is that (and it concerned not only Russian ptojects, but mostly them ) that when founders rose some money - they don't wanna work on the product. For me better when tokens are locked for 1 year minimum, better for several years, crypto is a fast river, only such projects will survive...

I can't quite understand your point do you mean Russians are hiding their real identity to investors? If that is what you mean i think any startup project should be build on trust as foundation, hiding true identity is absolutely not right.

Yes, I agree
there are many developers from russia although ico has a road map in europe or america. almost most Russians, maybe this is because of Russian competition not to use the dollar instead. this is just my assumption

not really understand what you wanna express? what's the matter of russian?

As I recall too many Russian's projects are implemented now and some of them are not a good investment and some of them I read and encountered that are scam, no offense for the russian's country. But it was good those who are advisory in russia.

I agree with your thoughts, we are not here for whom and which country. but technology that we can use together without any difference, and most importantly how it can generate benefits for the user

Many people don’t put into Russian ICO projects, because there is a strong possibility of money losses. And many people fell under this impression, therefore it is easier to choose another project for them. Well, today almost all projects are Scam in the market, so be careful!

Honestly, Yes. It's just that the first Russian ICO had a bad reputation and did not want to take on additional risks by investing in Russian ICO.... Nothing personal, just business.

And how will you lose your investment if the team is from Russia? And if the scammers are from England or from Mozambique, will you, someone return your investment? Fraud knows no boundaries, and the project teams are mostly international. So no matter what country, people would be good.

I don’t want to say anything bad in general, but I don’t invest in these projects, because very many projects from this sector turn out to be scam projects, I cannot say that they are 100% full, but I think that there is a very large percentage of many projects

Over the past year, I have participated in only one project with Russian roots - this is Credits. As it turned out I have not lost with my choice. Now I participate in the W12 project, I hope that this project will repeat the success of the previous one.

Russian ICO has developed not the best reviews. However, I would not consider all projects to be Russian. Many projects from the countries of Eastern Europe and Ukraine are attributed to the Russians, but this is not so.

I think that even for Russian people it matters because too many Russian ICO are unsuccessful or just a Scam. Of course also many others, but still...

This could be an act of boasting. Without a proper project and its legitimization, there is no reason for other ICOs to be threatened by the country of origin.

If a ICO shows new innovations and great technology and also doesn't seem like a scam it will get investors from all the world. The country of origin will not affect it in my opinion.

As long as they are not scams and they do have very good business plans with innovative technology, why not? China resides one third of total crypto miners but that didn't stop people investing in cryptocurrencies.

If the ICO is legit and has an innovative plan nothing will stop the investors. A country or region does not have any effect on this, I guess

As I know, one of the creators of ether was Russian, so it does not matter where the creators are, or what nationality they are from.

I think the country is not important. The main project. If the project is worth it, you can invest. I am more interested in the Asian market. Projects from these regions are really good.

According to my observations, the majority of Russian ICO is a scam, are many scams among ICO, but especially in Russia.

It seems to me that there is no big difference who is the organizer of the project, there are enough scammers in projects of any nationality. First of all, you need to look at the quality of the project and not on the nationality of the organizers.

Well, for nothing so think! Hello world! I'm from Russia, my name is Max and I have little invested in our Russian projects, links to give will not write only names: RUCOIN now they update personal account and dodelyvajut its Exchange and they have their own + more blokchejn and more will.  ARCONA engaged in augmented reality, located in Saint Petersburg and I met with CEO'S and 1 person from the project because this city I live by myself, the idea was born to them in the 2012 draft working to this day, I have bought 2 digital plot of land. So watch and learn. Good luck to everyone. (If anyone needs to contact me links skeen.)

The Russian projects are SCAM. Only Waves a good coin. Russians almost do not do good projects and run away with the raised money.

Time will tell, not always the same will one scam and I believe we'll see more good projects from Russia.

I don’t think that there are more scammers in Russia than anywhere else ... there are dozens of examples of scammers and successful projects.

Russia has not yet adopted laws relating to cryptocurrencies and ICOs. Based on this, any project related to Russia is de facto illegal. Usually they are using registration in countries with more advanced legislation to circumvent these restrictions. There are a lot of such countries, for example, Switzerland, Singapore, or others that are governed by smart people. Uncertainty in the laws, as well as other factors repel investors.

In theory, this can of course be regarded from the point of view of the fact that the legislation is not suitable, but in fact in Russia there are a lot of projects that are a Scam.

Now I am passing by the Russian ICO and Bounty campaigns.  I participated in the altair bounty campaign, which lasted more than 30 weeks, and as a result the softcap was not reached.  All participants bounty said thank you, there will be no payments.

More and more people start to stay away from the political games and I am one of them. When I see a good project, I does not matter where it was established.

I participated one of them. In the end it appeared that somobody stall all the money from the team, so they were not ready to make any projects.

Most of the successful ICO are from Russian teams though. The most popular platform being used today which is the ETHEREUM was founded by Butterin who is from RUSSIA so it ain't a coincedent that there are more of them in that part of the world are inclined to develop projects too. Just to mention one that I have also invest is WAVES. There ain't no problem to Russian ICO unless you can prove from the start they are scam.

For me there is no difference from which country ICO. I think this is a mistake to assume that investors will not come if the project is from Russia. I know a lot of good projects that have taken place and are working. The main team and the idea of ​​the project, the rest is trifles.

The country in which the startup is launched does not matter, the main thing is to have a strong team and a promising product!

I do not care about sanctions, but it would be easier to trace fake ICO and its team here in EU, but it may be quite challenging in Russia.

        Your thought is not simplified and not clear but in my  understanding , crypto currency is going strong in Europe as well as France , Germany and Russia are concern and we have Already ICO from Russia which is successful  or ICO which is manage by Russian people are also successful , so generally they are good .  

Among the Russian companies there are many worthy. Coins give X's.

There are many among scammers from other countries. It is worth just carefully studying the project.

The team, the white paper, chatting in chat rooms, everyone will easily determine who is in front of him, I think soon we all will hear about new coins that have multiplied and they will be Russian.

I believe that the projects, whether they are Russian or Western, all depend on the project itself. Namely, the purpose of the project itself and how it can interest the user. And how he will advertise himself or whether his offer is in demand in our time. And the rest will already be seen how much he has collected investments. And it will be possible to talk about this project.

I don't think that ICO from one counry is worse and from another counry is better. Team is the most important thing in any project and every person could be good or not good for his position.

Honestly, I try to avoid Russian projects. Faced with a pair of them, I realized that they were all fraudulent. I am disappointed. A waste of time and energy.

European country like france and Germany have their own rules and regulation about cryptocurrency and they are belong to first class country so I think they are patronizing cryto very well like Russia that known as a very good investors .

I do not trust most companies from Eastern Europe and Middle East, because there are too many fakes. Better safe than dead, right?

I disagree with that. In different countries there are scammers. There are good Russian projects. For example projects Waves and Wings. Also, many teams have Russian developers.

Russians projects are mostly pure scam but sometimes you can find a really great project like waves or cindicator so always do a serious research of any russian project ,check properly CEO,members and advisors of the team and etc. before investing money in it.

Its because russian community have not good reputation in crypto world.
Too many scams was accepted from Russia, even russians dont believe in russian products
Thats reason to hide their real landing

There are really huge amount of ICO that coming from Russia.

Unfortunately from my experience, many of them are scam, although there are a lot of scam projects from other countries as well.

If project looks reliable, stable and idea is good - why not?

But, you are right.. Brand "Made in Russia" not very popular nowadays in Europe and USA

I think that this is a wrong approach. A country from which are the founders are, does not say anything about the project. I do not know of statistics saying that from a country there is a higher percentage of scams than from an another. Let's take some examples: someone here earlier mentioned that one of the most iconic figures of crypto is form Russia - Vitalik Buterin. Also Genesis Vision is from Russia, a great project with ongoing development and (in my opinion) with a bright future. It is definitely worth checking out.

Cryptocurrency is universal, it uses a single language and it is understood the same way to those who know it? Therefore, there should be no discrimination whatsoever. If cryptocurrency is based on race, ethnicity, colour or whatever, then i should not have had the privilege to partake in it.

There are many peoples that prejudiced against russian ICO. In my view this isn't right. We just have to be careful not to fall into hands of scammers.
I'm sure they exist in every country.

I very often met with the opinion that the projects that Russian-speaking organizers are creating are very often scam, but I fundamentally disagree with such an opinion because there are a lot of fraudsters in any culture and country. I think that such an opinion has developed only because the number of projects in which the organizers are Russian is very large.