kaal:claim:3117224-015

Switzerland ranks only fourth in the number of ICOs launched yet first in total funds raised, so the average Swiss ICO project raises a greater than average amount of funds.

Source quote, verbatim

Switzerland is the country with the 4th most ICO's launched but the greatest amount of funds raised in total. Accordingly, the average project in Switzerland is raising a greater than average amount of funds.

From

Wulf A. Kaal, Initial Coin Offerings The Top 25 Jurisdictions and Their Comparative Regulatory Responses (2018), III. Top 25 ICO Countries, p. 7
https://ssrn.com/abstract=3117224 · source PDF

Cite as

Wulf A. Kaal, Initial Coin Offerings The Top 25 Jurisdictions and Their Comparative Regulatory Responses (2018). SSRN: https://ssrn.com/abstract=3117224

Holds when

2017 data
top 25 ICO countries

Classification

empiricalsupport: evidencedsecurities-lawlaw-and-legal-systemseconomics

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