Hey there! I am newbie here so would be grateful if someone just replies with the link to an old thread. Why do some projects still create new cryptocurrencies?
I mean the ones that create just new 'coin' without any additional value to blockchain technology evolution or adoption. For example, I don't understand what
https://bitcoen.io or
https://putincoin.org are created for.
In my opinion, i think new cryptocurrencies will always be created from now on with ICOs and Airdrops launching every second, since the invention of bitcoin.
A lot of things are now based on blockchain, from music, agriculture, marketing, encryption etc, some organization will continue creating new coins, it might not be that they are doing it for the money since some coins are given away on airdrop and bounties, but only that they want their product built on block chain.
I mean if you have all the resources you can do it, start up funds all those. I mean it is obvious that the funds will be used to develop the project.