Why people try to create their own coins?

[crimsongoth]

If the speaking need arises for projects that are really trying to do a running job, the most important reason is that it makes things easier that cryptocurrencies are used as suitable for the mass funding model to finance the project.

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[TheWolfCrypto]

Finance, money, for this all join this new technology, developers of cryptocurrency is also not stupid, realizing what benefit Shine.

[Blackhammer321]

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

People who did it and continue doing it, believes that with this, they can easily earn money. It i like building your own company, this is what I believed. They snage to do things for them to create something that will make them earn money easily. This is not a waste of time rather it is takin risk. But only a small probably to win.

[chabapok]

They are not wasting their time mate. They are copying but we dont know that issue. Ico investors only feel that hype and they are sending their hard earned money to these copier ico companies...and icos are the easiest way to collect 30 m dollar in the world. so they will keep continue doing that in my opinion.

[TonixGaming_14]

Digitizing your property or your time is a pretty cool idea. I don't understand why all people don't want to do this. You can not go to a meeting with a person, but simply send your coins.

[Psynthax]

I don’t see anything fraudulent if a capable, energetic person moves his current product or service through ICO. This person wants to earn money by this and help humanity grow with it. In my opinion, this process is very useful to everyone on the planet.

If it is something original and innovative, then I agree. But most projects copy other projects. Energetically and capably. But they are copycats and don't add value to what they do.

There are some icos were innovative but it's only a little percentage from the total icos that have entered the market, Even the big platform just like NEO and ADA are copy cats of ethereum.
Most of them are copy cats and there was no a new project that created their own technology to give more usefulness for community.

[Peri0n]

All due to the fact that now it is quite simple and in the end can be very profitable. Think about it, such a platform as OST allows you to create your own coin in 3 clicks.

[JPSelzer]

Because it's an easy way to make money. These are people who know how the beautiful wrapping and to hide the real intentions of the team. If they do it wisely, they will still be able to find some inexperienced investors who will buy their coin.

[BabatundeM]

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

You are quite correct, most of these new projects are replicas of what has been created in the past. Although there are some with unique ideas but they are few. This is a call yo developers that they should come up with their own unique and geninune innovations and not just copy what other people has done.

[Terrmit]

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

Well, because this is such an industry. After all, the project team makes money. The first they are poured at an inflated price. And then the project lives almost its life. The crypt has become a business.  

[Mianae]

It's not a waste of time, everyone wants to get rich quick through cryptocurrency and developing a project, having an ICO and still have a stash full of tokens for yourself is the easiest way to be rich that's why everyone wants to have their on tokens.

[94K]

Now the cryptocurrency market is full of so many coins with different products backing it. The reason why people try to create their own coin is that they want to integrate it into their industry since they've seen that blockchain technology is the future of the world.

[makadaka]

surely many expect to get some profit from all this. I am sure that many do not get anything but still someone earns very well on this

[elzjmirra]

I think they have no creative ideas, so as to make new coins only copies from others. Yes, they are only interested in getting money is easy. And this makes us increasingly savvy to determine the project that will follow or we will invest in new coins. And they would just throw away their time.

[jackflag]

First of all, for the sake of money, the blockchain technology does not need coins, they are only as a means of service, and I am starting out as an easy way to collect money. A lot of examples of projects that do not need their coins and prices are constantly falling.

[bitkanu]

surely many expect to get some profit from all this. I am sure that many do not get anything but still someone earns very well on this

Some people just want to experiment how things working out and they are quite curious to cryptocurrency, that way you can't really blame them because most of the time
their coin will just become useless anyway, no one knows and no one willingly to contribute

[acmakc12]

It depends on what goals a person has, to deceive someone, or to create some kind of unique project in order to bring benefit to this world.

[kendra1107]

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

It's not nothing brother! These people are making tons of money. This is the general reason for creating them in the first place, to make profit! And I couldn't blame these people because they found an easy and reasonable way of earning money. How noble is it for some to come up with a coin or project with the goal of economic/monetary development?! Only a few came out with a real product actually, but they still made a lot! Waste of time? I doubt.

[sadmaster]

I think the reason people create their own is to be able to fund their starting company. Then, they could fully integrate their innovative idea and give the usage for the public with transparency amd security with the help of blockchain technology.

[badungs]

I don't think there is anything wrong with that, actually a lot of coins appear that will make blockchain technology more developed without the latest innovations, so blockchain will remain as before and without any development, which eventually doesn't interest anymore, but when altcoins emerge, things positive because then the developers will be competing to make a good and safe system for the coins they are developing