Why people try to create their own coins?

[makerst]

of course because they want to reap a bigger profit, moreover lately there are so many tokens that when entering the market the price is far below the ico price, of course that is a distinct advantage for the project owner.

It seems that it is impossible and it seems that it's funny, but I think that you understand that this is not true and that they will still be able to collect, even if not as much as you think, but it is so.

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[vvthd]

Someone try to make own project or looking for a sponsor for own project. Or they want to use blockchain technology but I do not believe all of them.

[Gyromancer]

Indeed very ambitious people who ambition to create their own coins. Most of them do not display their new coin innovations, they only duplicate coins before. In my opinion this action is futile, they only pursue ambition that does not have a good strategy. To create coins requires good planning and strategy, the challenges in this creation are very diverse including the challenges of gaining public trust in the market. Preferably when someone wants to create a new coin needs to do a good plan including marketing strategies and promotions in order not to be a product that failed.

[BitindaHouse]

There is a saying "your shirt is closer" ... Everyone wants to make money on this ICO boom. But only real developers who believe in their project and cherish the reputation of staying in the next couple of years))

[provide_life]

Perhaps people have some idea that no one has yet been born, and maybe they just want to create a cryptocurrency to earn a lot of money.

[SteshaScott]

And why do you invest? Money is the main reason. And it is too hard to recognize good project amoung numbers of scam projects. I hope it will end soon. If projects like Menlo.one will help good procpective projects and find scam, it will  be big step in the future.

[Gab20]

Some would just want to see if they too can have their own share of huge profit in the space. Something surprising happened recently, the developers of an airdropped token started trading their tokens without informing the community. They did that until it dumped by more than 1000%.

[Pet240]

There are some projects that are yet to be executed, due to lack of finance to back it up. Some have now integrated it into blockchain, because they believed that through that, they will not only raise the money for the project, but also create worldwide awareness.

[lihaidong198871]

I think they are programmers, or those who are interested in the cryptocurrency market, they want to know what the process of creating a coin needs, and this is also a good way to evaluate a project before the beginning. private investment in ICO

[huteawe]

It's simply that individuals need to be rich without attempting huge endeavors. It's substantially simpler to take an instant arrangement than to make an item from the earliest starting point. Along these lines, such huge numbers of pointless ICO.

[dimon01]

Not everyone can come up with something ground-breaking as BTC, ETH, or EOS. So they copy each other, that's how they learn. But I would trust only technologically sound and unique projects. They are the future.

[pouljak5]

Not each coin is built for the use of blockchain and transactions money throughout the globe, the coin is also a way to raise investment s for firms which is the teams that there are many instructions of ICOs in the market  it's sort of an investment round

[pidie]

according to my understanding, the number of people who make coins because they want to compete with others. the number of new coins popping up indicates that the development of cryptocurrency is increasing rapidly.

[WuGong]

It's not surprising that no one wants to change the world or do something for the world. To put it directly, everyone wants to make a profit. But there are often many failures, which form a scam.

[oxoxoxox]

Obviously, creating a new coin is now a way to get a lot of money quickly, and many scammers are keen to release a variety of scam ico, which has led investors to distrust the entire crypto market.

[lonlonmarlon]

I think why people is create own coins is because he/she want to scam other people and to get a money to cheating to others and my suggestion to others be careful to that to scammers.

[Mikospark]

Because they want to make big profit from that coin by sell that coin to the investor. This is fast way to make big money because cryptocurrency is popular now and the demand increasing alot. Some of that project has legit product and others any fraud project.

[Crypto.Expert]

Some people do a coin to scam people and be after for the money that they scammed from others. So better to be wise this time.

[duoworld]

I think most people create ico because of money, because creating ico can make money. After they earned some money, they sold it in large quantities. So most ico have failed because its purpose is to make money.

[Md Saykat Nazir]

I think  it surely relies upon at the man or woman/agency that create their own coin. Alot of the instance their primary reason is just to earn money and many of them don't care approximately something else.