Why people try to create their own coins?

[Julasic]

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

[alexey8080]

The answer is money.
Many projects only try to raise a lot of money.
They don't care about the product or something else. They just see how popular crypto is and try to earn.

[Knen1961]

I think the main reason why people try to create their own coins is to get rich as creating their own coins will earn them more profit. However,some people do this for the sake of fame and getting popular.

[chengyinoing]

People are trying to make quick money in crypto. That's why everyone tries to create their own COINS.

Some people do it for the purpose of fraud, some of them, of course, for profit.

[Jpt]

People want to create their own coins for various reasons. Some of them want to finance their project by collecting money through ICO, while others want to get fast money by cheating people. We, investors, mist understand and encourage only genuine coins.

[Lagduf]

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

 i dont agree that many of the coins are copy of another. there are coins created for specific target market. those coins are created because there is a need to create meaning there is demand. raising fund on a ico is not a waste of time

Well atleast there's thousands of btc hardfork out there that simply copying btc and make another one but most of them I could say ended up being useless coin because no one recognise.
Maybe it's true that most of the coin are copying each other but giving additional features that make the coin more appealing to people also giving a direct solution to the current problem and I guess we're fine with that.

[Jofel]

I have a friend who's actually creating his own coin. He said it's his dream to create his own. From the previous coins that he has, he observed that if he's going to create one, it should have much more better than the others. Apart from fame and gaining more profit quickly, he wants to own his own coin someday to be able to develop a much better project that he thinks the society needs nowadays.

[valter_dego]

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

Many people use power of crowdfunding to finance their projects. ICO is most convenient way at the moment to obtain non-Bank financing - without collateral, without proof of income, without interest rate for loan. As a result so many similar coins, among which many projects that collected funding not for creation of any product, but only for their own enrichment.

[daxiake]

People saw a lot of potential and opportunity in crypto world. By creating their own, they think they can profit it. There are no doubt that there are a lot of coins out there who are just a copy of the other. Those coins are just there to scam investors. But there are also coins that are unique and functional.

[Karina 3340]

Many people see how rapidly the crypto currency develops. Therefore, the demand for it is growing every day. My opinion is every real cryptomaniac. He wants to create his own unique, promising crypto currency. What work and earn more. And the main thing is to develop.

[Bitknick]

It seems to me basically this desire to get funding for my project, which in their opinion will be more promising than other similar!

[margaret22]

To create a new token in one of the existing platforms, Ethereum for example, is not that difficult, and neither expensive. But an ICO can be very profitable, even without a revolutionary idea.

[btcnijuan]

It's all about making money, they do that to make their own business by creating their own coin, most of them attract many people with their ICO to invest and take their money and after that they will just abandon their own project and create another new coin.

[necromastery]

Firstly, people try to create their own coins with the aim of the coin can be like bitcoin. Then, since the popularity of ICO, developers have changed their goal, who want getting a lot of money from their coin. There a lot of coins face the death after ICO is finished and those scam coin become trash.

[KeezAZA]

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

It is because creating your own cryptocurrency and make your own ICO is so much more profitable than everything else that you can do here and people are wanting to earn money obviously.

[CryptoGosu]

In this there is nothing surprising. Different people try to create different projects and it's natural. In business, too, about as well. There are many different rooms, manufacturers, brands and organizations. This is normal.

[Midas.Investments]

If the project has an idea and a token to this project is really needed, then such projects try to make the world better. Most of the people are just trying to earn easy money, as it usually happens, a lot of SCAM

[CryptoTrip]

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

Until some time this was the most simple way to make money, until the goverment began to protect investors and introduce restrictions and rules, in some countries they started to ban until the moment of legal regulation. Everyone who wanted to make money, even with the most stupid idea, launched ICO.

[keykey1]

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

These lazy guys are not wasting their time and are counting on newcomers who will not carefully analyze the prospect of their useless coins.

[Astrilian]

In this there is nothing surprising. Different people try to create different projects and it's natural. In business, too, about as well. There are many different rooms, manufacturers, brands and organizations. This is normal.

I agree,  this is a growing emerging market and it attracts a lot of developers and unfortunately also pseudo developers that just copy/fork existing code and try to benefit from a short lived hype.