Why people try to create their own coins?

[Alex Khvatov]

Mainly because they believe that they can implement a similar solution, but better. They either tweak some features, go towards different markets, or have different partners - in the end, the ones that appear to "copy" the coin are capable of carving their own niche even with minuscule changes.

[luffare]

The only purpose is to gain as much money as they can. Money makes the world go around...

[u8152935yongl]

create onw coins is funny.  create a coin tvt.io is so funny

[the_viper]

Many people have great ideas, and many people have money, when they meet they can question their ideas, creating a project, making an ICO and getting everyone what they want.

[cryptomeo]

create onw coins is funny.  create a coin tvt.io is so funny

  good.. The twitter has 4k followers,, Amazing.
I support everyone to create their own coins. Everyone has the freedom to express their own stuff and opinion. These are part of the crypto evolution too.

But create own coins that try to fraud or malicious attention is not cool.

This year we might see a new dominant trend where big name ICOs - private token sale and airdrop, bypass public sale just as most Chinese are practicing now.

[legenduim]

They use their time to either develop a legitimate project or a scammy project.

I suppose the answer is evident: people want to earn really big money. They know if they create new coin and succeed (it means the other guys will believe them and buy the alt), they will get a sufficient income. It is not easy, but it can work.

[BeGoods]

Because of greedy devs that are riding the masternode hype train,story goes like this:dev makes new coin or clone eth and have premine of at least 5% saying that its for futher develompent of that coin.Then they sell few masternodes before the coin launches to early biders ussualy for few btc per node each,launch the coin and let the market take over while they abandon it and make a new one in 3 months or less and the circle continues

So do not be surprised if there are so many ICO and altcoin that keep popping up every day. because dev is very greedy to get the wealth from making a new project or coin everyday. I think maybe there is a requirement that should be applied? so not every time a coin pops up with a similar specification just to gain their own benefit?
because you're right this keeps repeating, Coins / ICO come then get funds, get profit from crowdfunding and profit in the market, then make another coin. and the circle continues?

[Lovemae]

The always reason is money. People serious to get ICO and invested in some project to just create their own coins to get money.

[martin1221]

They are making new coins to solve problems in cryptocurrencies, finding ways to resolve it.and those purposes can give also profit to them. And not all of them have greatly contributed to crypto world but only low price coins

[lingwistiko]

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

I think coins are made for purpose that is why some of the alt coins are coming from ICOs. Some of these alt coins are unique that it has no competitor coin in the crypto as far as its purpose is concern. But yes, most of the alt coins are just the same with the other existing one. The only difference is the name.

[Leocrypto da Vinci]

Because ICO has become just a way to finance a start up, and to put good money in pocket without control.
Actually, it's no different that selling shares of a new company; but to sell shares you need a lot of control and authorization, with ICO you can bypass them.
It is no coincidence that now ICO are forbidden in USA

[redwhite037]

They make money. That's the main reason. They create coin trash. Pump it and get people to buy it. then they will disappear. There are so many pennies now. Scam

[Glydel1999]

because of there are huge incomes that will rise from it. When the coin they created is support with a huge or mass of demand then there will be a life changing moment happens.

[hndrk10]

It's easy to make money or to fool people into participating into airdrop in exchange for likes on facebook or follow on twitter. After that, they simply use the accounts to participate in bounty campaigns as influencers.

[letua]

No pain, no gain.
No creation, no living.
No coin, no money.
No new coin, no more money.

I think the created new coin is to justified the old coin this is a potential coin. They create another in different way of project to let there coin rule some area of business. The more New coin they created, the money to get. Different coin with a different purpose.

[swpqlhmgp]

The world economy is growing. The crypto money trade market totaled $ 500 billion. Creating a new token and creating a platform, the industry is making money. The new idea is new business.

This is a promising road. There are many possibilities for the future. I think businessmen will want to get involved. However, they are concerned about profit rather than technology.

[Siren]

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

two factor,the first is just becauseof Money this way includes those copied ico that most of the time turns to be shitty or scamms,this kind of persons deserved banning from the forum as they only contributes trouble for investors and users as well..

The second is those ico team that really wanted to help people and the crypto users benefits from  their project and to provide good service to all

[trudovik]

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?

[CoPil]

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

They don't exactly copy other cryptos. They based the alts from bitcoin and the other alts based their network from the previous alts created as well as with the alts' blockchain technology. It's not a waste of time, cryptos creates a whole new world of business for them. With the popularity of digital currencies many joined and is planning to join the journey. Even Eastman Kodak used the opportunity to create their own cryptocurrency called KODK. But I don't know if they'll make it on top with their ICO and everything.

[captaincomet]

The answer to your question is very simple - people want to make money. Frankly, few of them make real interesting and promising projects. A significant mass is a way to make quick money