From what countries ICOs are perceived as reliable? Is there a rule for that?

[gregory51gosh]

I've noticed that announcements of projects from some countries are perceived as better or worse in the community (i.e. more often perceived as scam or perceived as more professional etc., but maybe I'm wrong):

Example countries:

1. China (i.e. dgx.io)

2. Russia (i.e. ZrCoin)

3. Estonia (i.e. Wings)

4. Switzerland

5. USA

6. Poland (i.e. Golem)

7. India

8. Singapore

9. Israel

etc..

Which are more reliable? Or maybe it is just a matter of communication or translation?

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[cellard]

I've noticed that announcements of projects from some countries are perceived as better or worse in the community (i.e. more often perceived as scam or perceived as more professional etc., but maybe I'm wrong):

Example countries:

1. China (i.e. dgx.io)

2. Russia (i.e. ZrCoin)

3. Estonia (i.e. Wings)

4. Switzerland

5. USA

6. Poland (i.e. Golem)

7. India

8. Singapore

9. Israel

etc..

Which are more reliable? Or maybe it is just a matter of communication or translation?

It's too hard to know what is or isn't a scam. In the ICO world, I think it's safe to have a mindset where everything is a scam by default.

China has tons of people so statistically tons of scams are going to come from China. They say the chinese love money above everything else because coming from communism they now want to get their hands of all money. I don't believe in racial generalizations tho.

Just go project by project and evaluate.

[gregory51gosh]

Ok, thank you for the answer.

I was wondered because - for example - Golem - is a typical polish project. Poland is no well known in investments. But when golem established in Switzerland, many said 'oh, great project from Switzerland'.

That is why I am wondering if it important for people to heave establishment and hide the origins or to show patriotic origins.

I've seen a lot of people attacking Russian projects on the forums in the ANN, but some of them are very good prepared like ZrCoin..

I just got my mind confused.

[MadGamer]

The way I see it is that anyone who judge an ICO/Project from the country of the staff is stupid. You should first read the whitepaper, the team behind the project and their background without giving a damn about the country, how much money they did put on the marketing is also important because scammers are never willing to put money but take it.

[Two4D]

When it's from russia, it's most of the time a scam. Russian hackers always creates so much creative ways to scam which includes creating ICOs. It really destroys the image of russians.

[gregory51gosh]

So mainly I should focus how much money was put into the project? And other assets? Like in zr coin there was an office, showing a fab. Something like a proof of concept?

[Qartersa]

So mainly I should focus how much money was put into the project? And other assets? Like in zr coin there was an office, showing a fab. Something like a proof of concept?

Doesn't really matter where the ICO or project came from, what matters is the project itself and how much efforts the developers are doing for it. You should assess it based on your own criteria whether a project is legit or not. There is really no single rule to judge whether a project is a scam or not, but you can be safe if you do your due diligence.

[Wandika]

I think you forget korea, They are launching BOScoin. But in terms of reliability, I don't only check the country but the Whitepaper itself and the credibility of devs. But most of successful coin came from Russia. China ICO is suck and full of promises.

[Yakamoto]

I've noticed that announcements of projects from some countries are perceived as better or worse in the community (i.e. more often perceived as scam or perceived as more professional etc., but maybe I'm wrong):

Example countries:

1. China (i.e. dgx.io)

2. Russia (i.e. ZrCoin)

3. Estonia (i.e. Wings)

4. Switzerland

5. USA

6. Poland (i.e. Golem)

7. India

8. Singapore

9. Israel

etc..

Which are more reliable? Or maybe it is just a matter of communication or translation?

It all comes down to merit and the reputation of the team in my opinion. If they have some people that have contributed to the community and they actually know what they're doing, along with having a fair amount of information about themselves, I'll treat it as less of a worry than something with a bunch of no-names that are trying to do something massive.

I have no idea if there are any "good" countries that put out ICOs and if there are any "bad" ones.

[gregory51gosh]

Thank you for all advises.

Is it good if there are advisors from the cryptoworld or by advisors you mean professionals? In some projects for example are scientists.

Is it better if the team is decentralized in several countries or in one place?

[Lumada]

Thank you for all advises.

Is it good if there are advisors from the cryptoworld or by advisors you mean professionals? In some projects for example are scientists.

Is it better if the team is decentralized in several countries or in one place?

S
Decentralized in several countries is much better rather than in one country.

[gregory51gosh]

I'm afraid that when it is decentralized there may be lack of tools of cooperations, etc. mostly it is based on good CV. There is difference when something is made on github and for physical projects I think..

[iluvpie60]

The only rule you should keep in mind is that putting money into an ICO is risky. In the business world you need to assess your risk reward ratio.

Say for example 90% of all ICOs fail or go nowhere really. You need to price that in. The other 10% of ICOs that dont fail, what is their rate of return?

So you take 100 dollar invesment into them lets say. You have a 90 percent chance of nothing happening and losing it all as an example. You are better off gambling that 100 dollars in reality.

[judgecrypto]

The issue of ICO investments have nothing to do with countries but with the concept behind the coin, people only buy into the idea if they are convinced that it could make some profits for them.

I repeat CONCEPTS and not COUNTRIES influences the success of ico.

[bouren]

Are you serious? Really countries matter? I don't agree a bit.
Are we living in back 15-16th century when countries and tribes were determinant of trust, say, Garoghlanian.
It is 21st tech century where ideas and innovation counts. All you need to consider is whether company taking all legit steps to raise funds. If one finds any deficiency, we can tag it as suspicious scam!

[Wandering Soul~]

The country where the ICO comes from is the least of your concern if you're going to determine if it is a scam or not because look, If a project from whatever country succeeded it doesn't mean that the next one whoose also from that country will also succeed . If you're talking about if the next project will inherit some reputation, maybe yes but its not that noticeable I think? cause I believe the community judges a certain project based on its concept, devs, connection, upcoming projs etc. . It doesn't really matter which country/race it comes from .

[Ayers]

Ok, thank you for the answer.

I was wondered because - for example - Golem - is a typical polish project. Poland is no well known in investments. But when golem established in Switzerland, many said 'oh, great project from Switzerland'.

That is why I am wondering if it important for people to heave establishment and hide the origins or to show patriotic origins.

I've seen a lot of people attacking Russian projects on the forums in the ANN, but some of them are very good prepared like ZrCoin..

I just got my mind confused.

yeah russia is not seen well many times, but i think people will invest more if they see that the coin is coming from their country, this is a fact, but there is no rule anout ico being bad or not, it's not depend on the country, because if the dev is good and can deliver a good roadmap the ico will be good too, look at the roadmap it's one of the most important thing for a coin

[Clement Kaliyar]

I do not think the reliable factor depends upon the country of origin but the experience and transparency of the developers and how good their project and proposal are and advertisement is a major factor in everything ,he more the advertisement the more the reach you will get for your project.

[syarifbitcoin]

Can not judge from which country ICO comes from, because everything is of value from the whole, judgments can be seen from the owner of the ICO project it self, he meant it or not. This can be seen from the way the ICO project owner promotes his project or anything else 

[White sugar]

Cryptos most of the times don't have a "country" because the development team is from various countries or because they are anonymous. But I don't think it matters, one way or another

[Mometaskers]

This would be hard to determine. I mean, I think it's even possible to lie about the origin. As some people said here, expect plenty of scam from China, though that would be more due to the sheer number of bitcoin users there.

I personally wouldn't put money on these. I mean, new coins are a dime a dozen. Even for those that manage to get through ICO and finally start trading, what are the chances you'll earn a profit? For all practical purposes, many coins are just pump and dump for whales.

It's too hard to know what is or isn't a scam. In the ICO world, I think it's safe to have a mindset where everything is a scam by default.

China has tons of people so statistically tons of scams are going to come from China. They say the chinese love money above everything else because coming from communism they now want to get their hands of all money. I don't believe in racial generalizations tho.

Just go project by project and evaluate.

I think this is pretty much the stereotype for the Chinese wherever they are, even for the Chinese that never lived through communism (like the diaspora in Southeast Asia for example).

[surus]

I would bet on Switzerland on the most favourable legislation for the whole blockchain industry, not only ICOs or ways of raising capital. The investors, project founders, and communities are working very closely with the government that recognizes the opportunity and not only the risk associated with it. Even some companies from Singapore are considering relocating to Switzerland, which gives me a sense that their ecosystem will really grow. + it's the nicest country on the list

[webtricks]

I would bet on Switzerland on the most favourable legislation for the whole blockchain industry, not only ICOs or ways of raising capital. The investors, project founders, and communities are working very closely with the government that recognizes the opportunity and not only the risk associated with it. Even some companies from Singapore are considering relocating to Switzerland, which gives me a sense that their ecosystem will really grow. + it's the nicest country on the list

Yep! Financial liberty can be one major factor in determining concentration of crowdfund in any country. Switzerland laws allow more liberty to individuals and privacy on international front. "The Wolf of Wall Street" fan can easily relate to this
However, ideas can't be bound within geographical boundaries and I doubt developers and creators are limited to any specific country.

[South Park]

I think this is a mistaken way to look at things, we need to look at ICOs for their merits and not because of nationality, besides many new coins and project are assembled with people from all over the world so it is difficult to know where that coin comes from, is no different than any other product really, your TV may say is made on X country but most of the materials came from Y country.

[gabmen]

I don't think we really can tell and investing in these icos are very risky. I gambled on an ico previously which as suggested by a friend who's long been into trading. That was psb or pesobit and it actually reaped wonderdul profits for me so i know there really is good money in icos. The challenge is to know which ones to invest on

[gregory51gosh]

Hi, thank you for all responses. I see the point. For me the country or origin does not matter, I was was asking more like from the probability point (argument that China is so big that probability is higher is ok for me).

One of the persons pointed out that one may hide his origin placing in Switzerland or another country.

I'm just courius why we do not hear a lot from countries like Spain, Poland, Portugal, France, Slovakia, Czech Republic, Croatia etc..

[freebutcaged]

SOS. MAYDAY

[gregory51gosh]

We'll see when first "I want to check you" will come - after a year. Now mostly people trade the tokens in a form of speculation, not a physical representation of the company itself.

[ActiveP]

The country does not matter, lookout for  distribution method repeated often in ICO scams is for the dev to do a signature campaign with scam ICO coins as promised payment. That gets him free publicity and the rest of the ICO coins are sold in two batches, one with escrow, and the other without escrow.

What the dev wants is bitcoins from those who buy without escrow. At the end of the ICO he disappears with those bitcoins, the signature campaigners don't get paid, and the buyers who used escrow get their bitcoins back but lose the escrow fee they had to pay. I rate the half with escrow, half without escrow model as equally likely to be as scam as the no escrow model.