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The increase in the salaries of the Blockchain developers may not mean increasing the crypto activity

Despite the correction of 80% in the cryptography market, blockchain developers earn from $ 130,000 to $ 180,000 in the year.

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Too many variables in Crypto

Over the past two years, especially at the height of the bull market at the end of 2017, the cryptic industry has seen an influx of talent from technology and financial space.

Some, especially the traders of the main banks, have moved towards the greater exchanges of cryptocurrencies, often with salary cuts, with the sole intent of being involved in a rapidly growing sector.

As a growing number of talented workers including merchants, developers and executives are moving into the cryptocurrency industry, the increase in the average salary for blockchain developers may have been triggered by many factors other than increasing activity of the developer in the crypt.

On January 5, Thomas Bertani, CEO of a Swiss startup, said that blockchain developers in Switzerland are paid about $ 15,000 a month and have claimed that the lack of developers has caused a natural increase in the salary of developers.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "He He said: "data-reactid =" 38 "> He said:

The reasons are: 1) highly skilled blockchain developers are very difficult to find; and 2) Switzerland is well known for being one of the most expensive countries in the world.

ICO initial currency offering the sale of cryptographic tokens

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Many companies that get large capital inflows from initial offers of coins (ICO) or venture capital companies seek to overcome start-ups and even major conglomerates to engage experienced blockchain developers. "Data-reactid =" 53 "> Many companies that get huge capital from the initial supply of coins (ICO) or venture capital seek to overcome start-ups and even the major conglomerates to bring experienced blockchain developers.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "But ICO projects generally have short-term opportunities for developers like the the vast majority of blockchain projects fail after a year or two of product development. "data-reactid =" 54 "> But ICO projects typically present short-term opportunities for developers because most blockchain projects fail after one or two years of product development.

It is possible that not many developers are willing to take the risk of working for an ICO project, regardless of the high salaries and merits, because it is difficult for developers to find stable jobs in the cryptocurrency sector.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Last month, ConsenSys, Bitmain and ShapeShift laid by 30 50% of the workforce, ConsenSys, which managed a team of 1,000 employees, fired more than 300 employees as part of a wider initiative to realign our vision and focus on the main products. "data-reactid =" 56 "> Last month, ConsenSys, Bitmain and ShapeShift fired 30 to 50 percent of their workforce, a team of 1,000 employees, fired more than 300 employees as part of a larger initiative to realign their vision and focus on the main products.

In addition, entry-level developers in major software development markets such as San Francisco already make at least $ 180,000 a year.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "As general partner Andreessen Horowitz Andrew Chen He said: "data-reactid =" 58 "> As a general partner Andreessen Horowitz Andrew Chen He said:

Base level technicians in the bay area get paid! This seems right if you count money and equity. I'm looking at the answers on the cost of living in the Bay Area. Yes, it's taller. But there is also a trajectory that you learn (and earn!). If you're good and keep on going up, the 5-year or 10-year earnings are even higher. Those opportunities do not exist in the smaller technological cities.

This bear market is different

The blockchain developer's salary did not increase due to an increase in crypto developer activity, but rather due to an increase in demand for developers in general, inside and outside of crypto .

But the recent bear market, in contrast to previous corrections, has shown the strength and strength of the cryptocurrency market and many developers are still contributing to the sector.

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