From Observations on the Geography of Token Sales at Smith + Crown:
- In terms of both sales activity and raise amounts, Switzerland and Singapore are unsurprisingly leaders.
- The number of sales occurring and the amounts raised in the United States is surprising, given a widely held view of US regulatory risk.
- In addition, the list of countries filling in the secondary tiers of ICO activities contains a number of somewhat surprising entrants. Whether this represents a relatively small number of globally-dispersed outliers or the beginnings of a new trend of projects moving away from traditional financial centers–crypto or traditional–is yet unknown.
Along with the writeup, they created 3 nice-looking charts/infographics to analyze various ICO data by country. There’s less discrepancy overall than I would have expected. Now, if only we could see from which countries ICO money originated.