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Author Topic: Why people try to create their own coins?  (Read 10893 times)
Psalmy2cute
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August 28, 2018, 05:37:58 AM
 #1321

They are not wasting there time. Making new coin is a good opportunity to fulfill there project through ICO. They can ask people to invest on there project and in return they give there investors a token. The aim of the investors is to earn good profit from the token once it hits in the market. Same with the project owner and developer. Much Money in return.
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ernoo
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August 28, 2018, 04:06:16 PM
 #1322

Unfortunately, the number one reason is probably the money. Creating a new coin is not that difficult, but possible to value it a lot quite easily.
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August 28, 2018, 04:17:31 PM
 #1323

Because it is more profitable than the game on the market. And when you create your own currency, there are fewer risks and losses.

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August 28, 2018, 04:22:09 PM
 #1324

Ico is a big part because they make their own coin or project to invest in the project big investors invest to them to earn money.

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August 28, 2018, 04:26:10 PM
 #1325

There's a great deal motivation behind why numerous individuals is endeavoring to make their own particular coin,one significant reason is for snappy cash exceptionally the individuals who pursue .But there's some making their own particular for a decent reason to win as well as to bring their coin into crypto in a win level and let it be prevalent. It's valid that there are such huge numbers of ventures in altcoins that are duplicating each other. Be that as it may, is a duplicate of each other numerous organizations on the planet.
dmerrifield9844
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August 28, 2018, 04:31:25 PM
 #1326

For of all, people create tokens to serve as the main commodity used when trying to access their project. So instead of paying for their service in dollars, you pay them in tokens.
Kjooocheka
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August 28, 2018, 06:45:29 PM
 #1327

Like a lot of people here said, money is the motivation. And create altcoin is very easy, just copy someone else coins, add new features, make whitepaper, create new bitcointalk announcement thread, choose your distribution method( airdrop, ICO, mining) and profit. If you dont know how to make your own altcoin then you can hire some dev and pay him to make your altcoin.
Visibel
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August 29, 2018, 05:51:54 AM
 #1328

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

This is because they see an opportunity to get rich by making fake coins to deceive people. You have to stay away from people like this, they don't have positive thoughts and are very detrimental. If they want, actually they can use their time to do things right without having to commit fraud and cause losses.
AleksBBB
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August 29, 2018, 06:03:52 AM
 #1329

The reason always is money.  They are just copying each other with no project and no roadmap. But there are also good projects designed to improve people's lives.
Rolffkaisers
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August 29, 2018, 06:06:48 AM
 #1330

This is the same question like - why people are entrepreneurs, they want to achieve better wages and make difference for themselves.
other question here is that high percent of new ICOs are scams..
henlord
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August 29, 2018, 06:10:03 AM
 #1331

Nothing waste from making independent coin if it was campaign hardly and gain trust from the community. It has purpose one of it is personal, then for project and for finance of some group. It just base on effort to gain there wants.
Arsaen
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August 29, 2018, 06:38:25 AM
 #1332

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

This is the effect of the development of the times and the rapid progress of technology. I think one of the reasons why almost every hour new coins appear is a form of very tight market competition. Here, there is no time to relax, all must always improve technology, or will die.
Renaisance
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August 29, 2018, 06:42:19 AM
 #1333

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

Today there are many fake coins on the market, coins that have no chance to develop prices quickly, and eventually disappear. Therefore, if you see a new coin that has a good project, it can develop as soon as possible. Because of this, people try to build new coins from time to time.
Etronix
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August 29, 2018, 07:02:33 AM
 #1334

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

They do this because it can be made in this new token, and that doesn't need a reason to make tokens. People are sometimes weird, they don't think about whether it will be bad or not when they pump the token. The price of the token will rise, so it's up to us to determine whether the token has value or not. Because in the end the choice will always be in our hands.
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August 29, 2018, 06:36:27 PM
 #1335

It is a popular way for funding a startup project lately. I think it is probably easier to get an ICO through, than raising money the regular way. They just make a new coin, and sell it for the crowd, and other investors. It is than easier to trade with the coin, and the audience is also quite width.

NikNikKomarov
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August 29, 2018, 06:41:22 PM
 #1336

People see the future in the Crypto currency, as well as earn good money. Therefore, every day there are new projects to promote their own crypto currency. I believe that each country will have more than one crypto currency in the future.

ForTheAzerot
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August 29, 2018, 06:44:56 PM
 #1337

The market is still young here and all are trying to make their own coin while the entry threshold on the market is not high.

Kupidon777
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August 29, 2018, 06:51:11 PM
 #1338

Everyone wants to earn. Very big money can be earned only by inventing them. All as in life: some give work, others work for someone.There are ambitious people everywhere.

Sundaey
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August 29, 2018, 06:51:57 PM
 #1339

Cause they are wanna be rich, creating ones own coin is not an issue here to me, but the problem is that most of the creators has no project to back the whole things up instead they start looking for investors not even those to buy the token but investors like a company project related to what their coin name is all about, what I see here is that only those with good marketing strategies make way out of it and have many people and company wanting to invest in their project. The main reasons here is that they all wanna be there when the cryptocurrency future is bright and make lot of money.
Paperbuk
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August 30, 2018, 04:07:53 AM
 #1340

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

There are many opportunities in the cryptocurrency world, and they don't want to waste this opportunity. Altcoin can be an advantage for all of us, as long as they have a good project. Who knows this will change the world towards a better direction, especially in financial matters, transactions and the ease of saving assets.
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