Why people try to create their own coins?

[Ucupers]

They are attracted by Crypto because it's easy to make money so they dare to create its own coins. And if they could create a coin with nice and interesting certainly people can invest. And if that happens the chances people will lose a lot. We must be careful in investing the wrong way because if we can lose money.

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[Sithara007]

There can be a variety of reasons why people create their own coins. Some of them do so because of the deficiencies within the existing coins. And there are conmen and scammers, who create copycat coins so that they could profit out of them.

[melliana]

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.

[merle]

Many parties try to make their coins. I think that because they realize the profits of creating the coins that are very promising. Moreover, they already know that many more people are coming here as investors. However, the similar concept of coins just lead them for dead. It is not good. We, as the investors, must be smarter in choosing which coin is promising and profitable to invest.

[matchi2011]

There can be a variety of reasons why people create their own coins. Some of them do so because of the deficiencies within the existing coins. And there are conmen and scammers, who create copycat coins so that they could profit out of them.

Mostly they are just copying the idea and try to enhance the project by promoting other advantage but in the long run they will just make some pumped then dumped along with those investors that are being caught in the middle, they are not really into developing the project bu just to collect money from people who loves to take the risk, better to look forward with real usage and possibilities to be well developed.

[espellogo7]

people create their own coins because they want to make money and also they want to  develop thier own projects to apply their own ideas to gain more profit..but  be carful because most of them now they create coins to scam to make money easily..

[xxlouisxx]

Many people want to repeat the success of bitcoin while not applying for this an effort. People often confuse the reason and the consequence of the success of projects because they think that you just need to issue a crypto and then it will find her own users, appear on the exchanges and its course will go to the moon. In the great majority they pretend to obtain personal riches, to change of status, to find in the crypto the golden opportunity, when we know that in the outside world it is slower to obtain

[think3214]

Problem is however that many people tend to abuse the system by providing decent or even identical ideas to some previous one. We've seen in past some scams and will continue to do in future. I think it actually depends on the individual/company that creates their own coins. Alot of the times their main motive is just to earn money and many of them don't care about anything else

[Miracleismyidol]

Many people want to repeat the success of bitcoin while not applying for this an effort. People often confuse the reason and the consequence of the success of projects because they think that you just need to issue a crypto and then it will find her own users. People also want to be rich and they want to do it by creating a project and hope later it will be famous thus he can sell his stash for a lot of money

[vivuta114]

I think that the main reason for all this, it's only financial enrichment, which of course is certainly a pleasant business, but in any case, we already understand that this kind of thing is worthless, they do not decide anything for the most part. But if the coins are really created with profit, then why not support?

[TentallyMooN]

I see no other reason than to make money on this. If a person does have a good work experience and knowledge in any business, then why not create his own crypto currency

[DemonHunter83]

I think they create their own coins cause of money, they create project and used coins of their project so they can earn more, if the investor used their coin. Some of them legit but others scam so be careful to buy new coins.

Many coins were created for fun. For example, how long dead Putin, Stalin, Lenin and other tokens, with well-known names. Others tried to carry out their projects for good luck.

[Pet240]

This is more reason research is essentially before investing into any coin or project. Crypto projects are supposed to bring up new ideas. Only those with new inventions can succeed in the crypto space.

[Akeeto]

I think it actually depends on the individual/company that creates their own coins. Alot of the times their main motive is just to earn money and many of them don't care about anything else. Still sometimes people try to do something good and introduce new features which can make things more convineant.

[Dcoollakky247]

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. Smiley Smiley Smiley

[zedaq]

I think that the main problem in human greed, many people say about this, but most importantly, many projects can really get money for this business. It's really sad, how many times people came across a scam, they do not understand.

[blo8i]

It's simple. Everybody wants to bite a small pieace of the blockchain-never-endidng-bubble pie. And to create a coin and dupm premine (or sell masternodes) is one of the way to an early retirement.

[Damn3d]

Very often, those attends are just for decieving people and steal their money, they think, that they would create new coin and make another scam.

[Tyler2446]

Recently it has become fashionable to announce about yourself launching your project and creating a token! It's very similar to a PR company of celebrities who want to write their name in the history of the blockchain

[Marvell1]

I think they create their own coins cause of money, they create project and used coins of their project so they can earn more, if the investor used their coin. Some of them legit but others scam so be careful to buy new coins.

Many coins were created for fun. For example, how long dead Putin, Stalin, Lenin and other tokens, with well-known names. Others tried to carry out their projects for good luck.

Legit teams create their own project in order to introduce the crypto currency into some new sphere of life, to make people's lives better. But there are 99% of people who create their own project in order to raise money and disappear. I'm sure that there will be regulations soon and it would be out of real law.