ICO-project in Russia is cheaper than in most countries. How much?

In June, the Ministry of communications presented the document, which describes rules for the conduct of the ICO in Russia. Experts evaluated its content as “a strange and detached from reality.” They also stated that such rules can deter entrepreneurs who plan to conduct the primary placement of tokens.

Despite the difficult rules, the development of the ICO project in Russia is cheaper than in most countries of the world. According to a report by researchers from the organization “Rating the ratings”, this service costs from 100 thousand to 3.3 million rubles. This writes Bitcoin.com.

How much for the ICO in Russia?

These figures, researchers have found in a survey of representatives of 60 Russian blockchain-companies that provide services on organization and holding of ICO. At the same time in the designated amount does not include costs for marketing, advertising, and legal support. We are talking only about blockchain development and the creation of a site of the initial placement of tokens.

On average, the preparation of the ICO in Russia will cost 1,238 million rubles, estimated by experts. One hour of work blockchain programmer average is 2.9 thousand rubles, and the maximum rate for such specialists in Russia is 10 thousand rubles per hour.

Earlier, the Russian Association of cryptocurrency and blockchain (RAKIB) announced the intention to create a “white list” of companies working in the field of cryptocurrency and blockchain. Such firms can provide services to government agencies and individuals. However, at the moment the list is still not represented.

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