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Author Topic: Why is most ICO creator from India  (Read 1853 times)
flying_bit
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March 19, 2018, 01:12:51 PM
 #1

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.

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seo-maestro
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March 19, 2018, 06:09:00 PM
 #2

Look for population in India - 1 318 700 000 people! It is the answer
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March 19, 2018, 06:20:20 PM
 #3

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.

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March 19, 2018, 06:24:14 PM
 #4

I think more than nationality, ability matters in such specifically qualified fields, so maybe therein lies the answer you seek.
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March 19, 2018, 06:26:51 PM
 #5

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  Cheesy
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March 19, 2018, 06:32:27 PM
 #6

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.

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.
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March 19, 2018, 06:48:23 PM
 #7

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
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March 19, 2018, 06:51:02 PM
 #8

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.
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March 19, 2018, 06:58:02 PM
 #9

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
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March 19, 2018, 07:09:21 PM
 #10

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.

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March 19, 2018, 07:26:26 PM
 #11

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 ))))))))  Wink
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March 19, 2018, 07:46:53 PM
 #12

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.

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March 19, 2018, 07:48:43 PM
 #13

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.

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March 19, 2018, 08:20:54 PM
 #14

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.

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March 19, 2018, 08:23:13 PM
 #15

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

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March 19, 2018, 08:29:09 PM
 #16

I Don't know where you found that Most ICO creators are from India!  Grin 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.
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March 19, 2018, 08:29:14 PM
 #17

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

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March 19, 2018, 08:43:48 PM
Last edit: March 19, 2018, 08:54:01 PM by wiro212
 #18

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
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March 19, 2018, 08:48:14 PM
 #19

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.

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March 19, 2018, 08:57:16 PM
 #20

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.

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