REMME is an undercover startup building an open source dispersed Public Key Infrastructure protocol using a group of Dapps enabling passwordless authentication for devices and users. The company conducted its Initial Coin Offering (ICO) before this season and has raised ~19,343 ETH.

US, UK Investors Buy Long, Russians, Nigerians Sell Quickly


During the initial two weeks of the public selling in February only whitelisted applicants were permitted to take part, which assisted in gathering the quoted statistics. Investors not registered on the Telegram community whitelist were permitted to combine out of day three of their offering.

Spiritual Startup Tracks Its Benefits

The team of a young Ukrainian crypto company has made an effort to collect some interesting information about what happened with their descendants following the sale. It ends up investors from developing countries are inclined to sell their coins within months following their listing, while buyers from developed countries tend to hold them more.
Despite expectations that ICOs would get rid of steam this season, lately released data indicates it might be too early for this. Even though the average amount raised by coin offerings has declined, the complete amount of funds accumulated through ICOs at 2018 has reached more than 82% of their estimated ~$6.1 billion raised 2017, since news.Bitcoin.com reported. From the end of May, the mean total raised by almost 800 token sales conducted this year reached almost $6.5 million, as opposed to $2 million, the mean total raised by close to 900 ICOs this past year.
Since we collected almost the entire sum from the whitelist, we can now track the overall trends, for example, which states ’ residents are inclined to hold the tokens longer rather than simply sell them within 4 weeks following the listing.
What occurs with your tokens as soon as they are offered and recorded on exchanges? This ’s a question any good ICO job ought to be interested in finding an answer to. Not all groups are so curious, after the coins are dumped on the marketplace, but there are instances of the contrary.
Now reside, Satoshi Pulse. A comprehensive, real-time listing of the cryptocurrency industry. View costs, charts, transaction volumes, and more for the top 500 cryptocurrencies trading now .
Alexander Momot added that “we had all nations open along with the nation ’s indication was compulsory, we can say that these figures are relevant […] When you have discovered, [investors from] the further developed countries, generally speaking, tend to be far more prone to create long-term investments than [those from] the weaker countries. ”
Several months in the future, researchers at REMME have been able to come up with some interesting data concerning the fate of their tokens. Don’t sell to the Russians, is among the conclusions that could be drawn from their own numbers.


Pictures courtesy of Shutterstock, REMME, Alex Momot (Facebook).
read: No Permit Needed to Mine Cryptocurrencies at Ukraine

Crowdfunding

One of the company’s creators, CEO Alexander Momot, has released on social media a number of those tables. It turns out several buyers out of developing countries like Brazil, Nigeria, Pakistan, Turkey, and the Philippines, are inclined to sell the obtained tokens within just four weeks of their listing. Countries like Russia and Ireland are also from the “flipping” group.

Why would you believe investors from developed countries tend to hodl, while individuals from developing countries prefer flipping? Share your ideas on the subject in the remarks section below.
On the flip side, investors from developed countries such as the US, the UK, Australia, Hong Kong, Switzerland, and Sweden tend to maintain the coins for more. The information sets Ukraine at the club of the wealthy hodlers, which is not surprising since REMME is an undercover business.