Why people try to create their own coins?

[fulled]

they hope thier coin will hit an exchange, after listing they want to get easy money from selling out their own coin

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[boberpuper]

Maybe they dream as much as we do, to get rich, but they don't get it in the end .

[ispodzemli]

Yes many try to create its at face value . because they believe that if they create new coins and many users invest in it. But this does not happen .

[bajindul88]

ICOs have become an extremely profitable business and that is why people create coins. Sad as it is, majority of ICOs today are built for the sole purpose of taking people's money with the promise of providing a revolutionary service innovation. Most of the time tho, these ICOs fall short and end up never delivering anything.

Right this is a serious problem that must be immediately addressed, because if like this continuous influence on the world of crypto will be bad in future. there must be certain online institutions to determine the appropriate ICO / project so that things like this will be reduced. it's not easy to make it happen but this is important thing to be noticed by all developers.

[dicaprio]

This is really an interesting question, which probably belongs to the category of the most bizarre questions, but the answer to this question is obvious. The most important is money, they are the reason.

[baiwei]

Because they know they can rich faster in that way but there's a big responsibility that they have to handle in creating a coin. Their token also can make their image more popular as a inspiration of other people or if the project did not success it can make their name wasted on other people.

[abayan]

This is really an interesting question, which probably belongs to the category of the most bizarre questions, but the answer to this question is obvious. The most important is money, they are the reason.

Yes, its all the money that they can earn through with it. Anyone can make his own coin and launch a fraud, scamming scheme or by doing airdrop whish is only the same goal to make money on it. If you know how to create one its your advantage.

[klavuhn]

For money. They will not make this without any reason. It's because money for sure. And ofc copy pasting another coin will be fastest way that make some fresh and new innovation.

[bitcoinforus]

I'm against a lot of coins, too. People invest in them until around the HYIP coin, when the HYIP is over people will stop investing, withdraw money and the price of the coin will turn into 0.

[Ale88]

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?

Wasting time? No, absolutely not, those people make a ton of money if the ICO is successful, much more than what they could even image. Unfortunately many people are just trying to scam others.

[OculusMan]

I think everyone would like to be a millionaire to have their own currency. Wouldn't you like that? Then you're probably a very strange person. For some, this is a way to get rich quickly and for others to make the world some new technology

[muzkle]

There are many reasons why many people try to create their own money. Some people want to introduce good-targeted, potential projects that they have researched and want the community to support. And many people have taken advantage of the non-governmental nature of electronic money to find ways to make quick money from projects that are island ...

[vatanen]

There are lot of reasons why people try to create their own coins and it always varies. Some people tends to create coin to sustain and make a legit and useful project but some people use this coin to make and to gain easy and fast money.

[azzag0000]

The reason is always money. The reason many people do a lot of things. Most of them only collect money from investors. Then they will hand out coins to investors. ICO I think the quickest and easiest way to get money from people to finance their fraud coins. ICO these days are just popping out of nowhere.

[Stradivarioos]

Although most of these coins are meaningless and no one uses them, yet profit from the creation of such coins developers have, which is why there are still new projects that no one needs.

[Artron1]

In the world of cryptography, people are making their own money to earn more money. If the project they are developing is a useful project for people, it is valuable in the future.

[Lexurdania]

Today, many projects have achieved serious and successful results. Therefore it is quite natural for many to create their projects for financial success.

Indeed, with many project success in crypto market and the price increasing, makes more peoples creating their own coin/token and trying to compete with successfull coin/token. I think its good for market because competition will makes market more healthy and investor have another investment option

[John vera]

It happens because they are need a money to implement their ideas. They want their project to come true and by creating coins they could crowdfund their project and start building.

[memFISTO]

It seems to me that the main reason for this situation was the desire for financial enrichment. Although there are some projects that really seek to help society.

[jeungo]

There are projects that simply copy and do not invest in the project effort. There are those who copy and try to add their new ideas, add interesting technological solutions, only a large part of people understand this, and when they begin to understand the coins in their hands there is no, and they are already very expensive to buy.