Over the last couple of years – especially in the midst of the bull market in late 2017 – kriptonyte survived the influx of talent from the technology and financial sectors. Despite the 80-per-cent correction in the stock market, blockchain developers still earn from 130 to 180 thousand dollars a year. But the growth of wages does not show that the increase in the activity of developers in kriptonyte.
Many people, including traders from the major banks, went on the crypto currency exchange, often even at a lower wage. Their only goal was to be closer to fast-growing industry. Although an increasing number of talented traders, developers and managers enters CryptoStor, the growth of average wages blockchain developers can be triggered by many factors.
In the beginning of the year CEO of the Swiss startup Thomas Bertani saidthat the blockchain developers in Switzerland pay about 15 thousand dollars per month. Thus according to him, the lack of developers has led to a natural growth of their earnings.
The crypts are too many variables
Also on wage growth could be affected by other factors, including the shortage of highly qualified specialists in the field of the blockchain and the fact that Switzerland is one of the most expensive countries in the world.
Many companies that have managed to attract capital from the ICO or in the form of venture capital investments, trying to outperform startups and large conglomerates due to the high salaries blockchain developers. However, we all know that the ICO is actually a one-off opportunity to get money. Accordingly, after some time, the majority of the blockchain projects fail because of not wise distribution of Finance. While rare, the developer is ready to work in the project for the idea, not being sure of a good income.
We will remind, not so long ago the company ConsenSys, Bitmain and ShapeShift reduced from 30 to 50 percent of their employees. Most likely, the salaries of blockchain developer has increased not because of the growth activity of cryptosphere, but because of the increasing demand for developers, regardless of the industry in which they operate. More data look at cryptodata.
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