The team of a young Ukrainian crypto company has made an effort to collect some interesting data about what happened with their tokens after the sale. It turns out investors from developing countries are inclined to sell the coins within months after their listing, while buyers from developed nations tend to hold them longer.
Also read: No License Needed to Mine Cryptocurrencies in Ukraine
Ukrainian Startup Tracks Its Coins
What happens with your tokens after they are sold and listed on exchanges? That’s a question any decent ICO project should be interested in finding an answer to. Not all teams are so curious, once the coins are dumped on the market, but there are examples of the opposite.
REMME is a Ukrainian startup building an open source distributed Public Key Infrastructure protocol with a set of Dapps enabling passwordless authentication for users and devices. The company conducted its Initial Coin Offering (ICO) earlier this year and has already raised ~19,343 ETH.
During the first two days of the public sale in February only whitelisted candidates were allowed to participate, which helped in gathering the quoted statistics. Investors not registered on the Telegram community whitelist were allowed to join from day three of the offering.
Several months down the road, researchers at REMME have been able to come up with some interesting data regarding the fate of their tokens. Don’t sell to the Russians, is one of the conclusions that can be drawn from their numbers.
US, UK Investors Buy Long, Russians, Nigerians Sell Fast
One of the company’s founders, CEO Alexander Momot, has published on social media some of the tables. It turns out many buyers from developing countries like Brazil, Nigeria, Pakistan, Turkey, and the Philippines, are
