Why people try to create their own coins?

[hlarisimus2014]

I think that most of the coins are created for speculation. The coins do not give any benefit to society. But there are also good projects designed to improve people's lives.

[DesmondHayes]

People create their own coins for profit and fame.All businesses aims at profit and you get fame if your coin is accepted and in demand by the crypto currency network.

Profit is the main reason why the developers are trying to put through their new innovative coins. There are the few of developers which are driven by the desire to show the world the new discovery presented in the new blockchain technology that can shade the current coins on the market.

There is also the group of the scammers which are thinking about the new ways to scam the investors by making them believe they have a legitimate project.

All of the investors are looking forward to new coins because they are comparing all of them to the Bitcoin and the Ethereum which were once low in price and to the investors which invested in them early they have brought the fortune.

[veraoktav127]

many coins that have long been in the market I think the coin is a good and not a duplicate or copy of other coins eg eth

[clarkt]

Because they see need that are not been met or they are working towards creating a service that will help a particular market or existing product in order for people to have superior technology as basis for excellent service or better product.

[Singwala]

There are many reasons, they really want to work on their project and also help people. It can also be for their own interest such as stealing investors' money. More so in our world and we would just be stupid to hope that their token increases the price and we can take back the investment of nearly x100.

[ralph_0608]

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

many want to create their coin just for fun fooling newbies and un experienced trader to buy their coin either thru ICO or asking donations  from airdrop. will others want to prove their idea has potential and can benefit people and services in general

[disam]

why there are so many different cars? are there too many? The bottom line is , that good projects ( tokens,coins) will survive, others wont. And as a consumer I like the diversity because it gives me a lot of options. Also gives a lot of options to get rekt. So choose wisely.

[andohyeb]

As there are so many business and startups coming up everyday so will they move to blockchain and smartcontract to seek funds. That is the result of plenty coins on the market. Most coins are tokens issued to fund startups and is a good direction because without bitcoins and crypto, these coins will still be availble since the business will be operating.

[veliq]

This is not a waste of time. Some want to create a project that will boom or look like other coins. Some use it only in order to win and deceive others.

[Tony116]

The main purpose of making coins is to get a profit. I very rarely meet projects that have a real product useful for community. Most of the coins are created for speculation and in order to make the project team rich.

[BagzMM]

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

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.
But the problem in here is not all ICO is a legit. Some developers are after only on the money from there investors and give then a shitcoin.
Investors should do some research and scrutinize the project if it has potential to realization to prevent being scam prior to invest because these ICO are not regulated by any financial authorities or a third party institution.

[Boristhecat]

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

Look at how many similar businesses exist in the world (and in every city) and the answer will become obvious.

[mirgo1791]

as developer to release of goods and service from the distro then might to flags of chance with manage of finance accounting and the attachment with the systematical blockchain of eth network to gains with appreciation of the ideal name of service with the administrative arrange as registering movesment of funds with the ledger of book keeping.

[carlisle1]

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

how could you say its nothing?iwhile most of them are scammers,and scam ico sometimes gain much more money than those legitimate ico..they promote the coin as if the project is real,even experts hard to distinguish which one is fake and what is real.

So the bottomline is MONEY.even what the ico or the whole team achieves the gaining is indeed.they are making coins to make money

[Oceat]

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

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.
But the problem in here is not all ICO is a legit. Some developers are after only on the money from there investors and give then a shitcoin.
Investors should do some research and scrutinize the project if it has potential to realization to prevent being scam prior to invest because these ICO are not regulated by any financial authorities or a third party institution.

Yeah you were right some developers are fond of doing great things with a great team and manager but some bad people are just after for the money of their investors therefore making a quick cash scheme. So we should ask everything at the manager and the developer before joining their ICO if it is legit or fraud. By looking at their background and their road map and whitepaper you can tell if they are legit or not.

[weborsha]

People are just trying to make money. if they have to emit their own coin for that, so why not? anyway those tokens' price is so conditional, and they may cost nothing tomorrow.

[skymia]

Because there was a gap that hasn't been met...

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[prince05]

People tend to create new coins in order to compete with the current coins we have, Imagine if your coin gains the popularity of bitcoin then price with one coin will sky rocket you will be an instant billionaire, especially if you control the number of coins. I also see another reason is they want to improve the current coin circulating. Not all coins are perfect so there is always room for improvement plus added new features to the coin, in that way it will compete with the current trend.

[harbin55]

Many people trying to create their own coins because they believe that if they create a new coins and many users invest in it he or she who create that coin will be an instant millionaire because of that coin that's why many people trying to create their own coin, but it is so hard to create it and put it in the market because there has so many process for it to be on market.

[Avispeat]

The main purpose of making coins is to get a profit. I very rarely meet projects that have a real product useful for community. Most of the coins are created for speculation and in order to make the project team rich.

I agree with you, if we take a closer look at these ICOs for instance they are existing mostly for profit, they do not offer anything outstanding that they will require their own token. I guess all of them should do something like KU shares and similar tokens to give bonuses to investors. Other than that to have real use on their platform is not what they should go for. Because who on earth will keep up which coin to buy to use certain service? I'd tell you,nobody.