Why do some ICOs have different 'team location' and 'place of registration'?

[arisquede]

Hello. I have been viewing ICO projects on third-party platforms such as ICObench.com and Coingecko.com. I find that some ICO projects have different 'team location' and 'place of registration'. For example, a project may be labeled with 'Cayman Islands' but you can tell from their official websites that the main team members (office) are in somewhere else, say, the US or whatever.
So why is that? Is it because of the considerations on ICO regulations?

[Casdinyard]

Hello. I have been viewing ICO projects on third-party platforms such as ICObench.com and Coingecko.com. I find that some ICO projects have different 'team location' and 'place of registration'. For example, a project may be labeled with 'Cayman Islands' but you can tell from their official websites that the main team members (office) are in somewhere else, say, the US or whatever.

Simply some of the team members are working remotely all over the world. They don't need to be in a single office just to work hence just working on their respective tasks.

So why is that? Is it because of the considerations on ICO regulations?

And it has nothing to do with ICO regulation.

[BIT-BENDER]

The main ICO team is the official one any other in different locations are just to aid and easy any difficulty possible partners from that location so it can be trashed out by the team internally.

[Itsmylife]

Developers can live anywhere in the world, but not many countries accept Blockchain projects as legal, this thing similar gambling sites.

[Yaunfitda]

Maybe some ICO projects have teams that work in different regions, but they have one headquarter, in the case you have given, Cayman.

I think this has been practice a lot, teams are scattered around the globe because of their expertise. But there could be projects as well who have their teams just located in one place. Doesn't make any difference as long the project will deliver.

[akram143]

Hello. I have been viewing ICO projects on third-party platforms such as ICObench.com and Coingecko.com. I find that some ICO projects have different 'team location' and 'place of registration'. For example, a project may be labeled with 'Cayman Islands' but you can tell from their official websites that the main team members (office) are in somewhere else, say, the US or whatever.
So why is that? Is it because of the considerations on ICO regulations?

Any project will be run from anywhere in the world all they need is internet access and team could be from different parts so there will be changes in the location from registration.But this could make suspicion if the project is literally new and have no clear information about their contact details.So beware.

[blockman]

It is possible that the company was built on that location where they were located. Actually, team registration and place of registration are two different things. And what's important if the team registered is using legit people and not those grabbed names on the internet and their office where the place of registration can be found as indicated.

[btcdie]

Crypto is in a scope that is free, not controlled, or there is no special supervision. So if you find an ICO, with a team that comes from a different place it's commonplace, actually all you need is a solid team that is able to solve problems quickly. So what is needed is a strong strategy and good development project. and some of them must have a special office center, so one day there will be a meeting between the whole team. but please be careful with ICO, among them sometimes have fake teams, so do your research and look for strong reasons about the team's existence.

[Bttzed03]

So why is that? Is it because of the considerations on ICO regulations?

And it has nothing to do with ICO regulation.

OP might have said it differently but the location or where the company is registered has something to do with regulations. These teams choose a country where it's not that strict. If I look at it from their point of view, it is better to operate without these regulators pressuring you. It is also easier for them to dissolve the company if they wish to run away which is what scammers usually do.

[Kurokonobasuke]

Hello. I have been viewing ICO projects on third-party platforms such as ICObench.com and Coingecko.com. I find that some ICO projects have different 'team location' and 'place of registration'. For example, a project may be labeled with 'Cayman Islands' but you can tell from their official websites that the main team members (office) are in somewhere else, say, the US or whatever.
So why is that? Is it because of the considerations on ICO regulations?

They are certainly recruiting online thus location of members doesn't matter anymore. Usually this kind of team doesn't bring a lot of investors because not all of them are interacting with investors personally which is important for investors to gain their trust. Anyway, it's somehow effective if the connection of the project owner is really limited. Hiring someone online is a good alternative to provide what is needed.

[pant-79]

Sometimes a whole project could be built with the team members having never even met before, but sometimes are recruited by the main founder due to reputation, so these team members do not need to move from there homes to handle the project, they just do everything remotely from wherever they are, I have seen quite a few successful projects like this, and sometimes it could also be regulations, the project could be registered in a country with friendly Cryptocurrency law if the main team members are in a country that's known for it's intolerance for Cryptocurrencies.

[LouVandetta]

Hello. I have been viewing ICO projects on third-party platforms such as ICObench.com and Coingecko.com. I find that some ICO projects have different 'team location' and 'place of registration'. For example, a project may be labeled with 'Cayman Islands' but you can tell from their official websites that the main team members (office) are in somewhere else, say, the US or whatever.
So why is that? Is it because of the considerations on ICO regulations?

I believe they have one headquarters somewhere, and it's their official main location, I think. Since a projects might have a team members from all around the world, they don't have to meet face to face. It might be because of regulation as well, as to prevent a future conflict with its country's regulations or things, but I'm not really sure about that one since it needs more research first.

And some projects also have a few of other branch offices spreading around the world, where they have different team members and all.

[mrdeposit]

These are mostly crypto-friendly countries. For example, in countries where crypto is banned or rules are more stringent, they head to countries where the rules are softer rather than creating projects here. In short, these projects are not scam or anything else. Only developers want to launch their projects in a more convenient environment.

[The Cryptovator]

It was very difficult to understand what OP were asking. I am guessing why project members jurisdiction and website jurisdiction isn't same whatever mentioned on the ICO websites. Actually, not a single person behind a projects, never mind project for what. Founder hire his team members from different countries. Crypto currency based on decentralization, it doesn't necessary that they have to sit on a centralized offices. So this isn't a very big issue.

But, in some case founder just use fake team members. So you should verify real team as much as possible although it's quite complicated. On that case one or two person organise scam. So you can't underestimate team fact.

[iamaruf]

In online there no need to work in office,even you can work for different country. Different places means there team members from different country and they work online.let me tell you an example. Do you know local seo? In local SEO you can run your business in US. That doesn’t mean you have to stay in US.So that's not a problem that team location is different.
                 

[asriloni]

A few projects have been created by some people are coming from different countries, I just take lisk as an example and it always created a meeting through use the live stream and live chat.
They must have a single office that must be the base of their projects. this is not a new thing.
There is no ico regulation and crypto is not like a traditional company that gives the employees the responsibility to work on the office.

[Taskford]

For that I will list down the reasons why those companies choose to have a different team location and this is only based in my personal opinion.

1. Different timezone - The owner of the company want to have a different nationalities so that he can assure that there's a person who can attain to their project on different timezone.
2. Cost efficient - Some of the devs who's came from other countries who cost cheap but works with quality that's why they bargain to choose them up to join on their team since hiring their locals for sure cost a lot of money.
3. Hard to find a person - These cases is really reliable since for sure it's really hard to find a person in our local state who is knowledgeable with bitcoins,crypto and blockchain that's why they came to the point that they are posting their jobs on online that's why they get a different nationalities in their teams.

[Getmon]

Hello. I have been viewing ICO projects on third-party platforms such as ICObench.com and Coingecko.com. I find that some ICO projects have different 'team location' and 'place of registration'. For example, a project may be labeled with 'Cayman Islands' but you can tell from their official websites that the main team members (office) are in somewhere else, say, the US or whatever.
So why is that? Is it because of the considerations on ICO regulations?

It is one that they are considering the ICO regulations and the existing rules in their respective countries. There are simply so many legal factors that are involved in creating and developing a crypto project, offering their coins or tokens for sale through ICO or IEO, starting a product with a built in earning economy, taxation, and so on. But the reason could also be as shady as they are trying to keep themselves undetected or hard to locate or avoiding responsibilities.

[bassbity]

This has been done a lot of projects, their teams do not come from one place but in various countries, but I don't know whether ICO regulations really have to be like this or not, what is clear is that running a project from the start is indeed a team of various regions but after the project will do sales or partnerships with other companies the team will meet in their office to determine its future.

[smyslov]

Hello. I have been viewing ICO projects on third-party platforms such as ICObench.com and Coingecko.com. I find that some ICO projects have different 'team location' and 'place of registration'. For example, a project may be labeled with 'Cayman Islands' but you can tell from their official websites that the main team members (office) are in somewhere else, say, the US or whatever.
So why is that? Is it because of the considerations on ICO regulations?

This kind of set up is bad for any project, they don't know each other, they only met through online communication and they work on IOU or promises, a real team bonded and communicate personally so they can get know if the team that is part of the team really deserves to be part of the team and they have the real expertise that deserves to be a place in the team, they should get together at least twice and make a video about their conferences.