Why people try to create their own coins?

[PHP.guru]

Some people try to create their own coins so that they can do ICO which will help them to raise fund for their organization.

[Lareina]

For those with creativity and ideas, it is a good way to develop by means of block chaining technology.

[Asmonist]

Mostly they want to have there own coins to start a business of there own. To invite people to buy there coins where they can manipulate and make profits directly. Just like the first coins created years ago. And the value now is just so high. Somehow, new coins will give opportunity to buy it at very low and hoping for a higher price someday.

[Macai]

People are trying to create an easy money, they are making their own problem due to plenty of coins now. I hope and pray that these people will not make use it for personal gain only but of help to people.

[binhvo1505]

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

I have a question like you but now I have the answer. I think they are quite similar companies but it is in different countries. People's demand for money transfer is increasing and people are always waiting for a favor. In addition, this is a very hot market and they use it to call in capital quickly. They will have more capital to carry out their business plans.

[dany henry]

It's just that people want to be rich without making significant efforts. It's much easier to take a ready-made solution than to make a product from the beginning. Therefore, so many useless ICO.

[ajaymukund]

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

I think they are just trying to make a coin in this potential market even though they can not compete with other altcoins. I think coin makers just want to wait, they know that in the future there will be a capital infusion for the Crypto market to increase the liquidity of all the altcoins. That makes their company's assets grow.

[uozer]

I never thought there can be any sighn of smoke without fire in a corner. No one actually does anything without his own objectives for doing it. Some coins are genuine for promotional and transactionary motives, while some others are truly Bull Shit coins to scam or cheat people. I also feel there should not be any cause for alarm on these coins springing up because they keep the flag of Cryptos flying, but we are the ones that must be alert at all times to filter good ones out the numerous.

[Wyne]

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

There are different reasons why developers created their own coins but I think the bottom line is the same- to earn money.   Basically, coins/tokens are created to raise funds for their projects.  Their project will then introduce to the market together with Initial Coin Offering (ICO).   Investors then analyze their project and if they found it feasible they will invest in it.  If they gather enough funds and the ICO became successful, then the coins will be available in the market.  Through ICO, they can start the project even they do not have enough capital where they can use the funds they get from the investors who buy their tokens.

Even some people think that it is just a waste of time for creating different coins, it is essential for project developers for fundraising purpose and afterward, it can also play a great role after the project successfully established where their coins can be used in the operation of their project. 

[jademacoy]

What do you mean creating coins? Do you mean implementing ICO and promoting their crypto being introduced? Well i guess we could not blame them because if you will going to examine the population around the world and if every countries will make their own cryptocurrency or coin then probably what we are seeing now about the number of the coins created is just likely normal. We could consider the huge number of crypto in the crypto market for that. And we have to get along with those ICO because they are also aiming to promote the ICO to get a project as we all know that cryptocurrency promoting a project is base on crowd funding and that is why many are eager to promote ICO to get the crowds fund and to start a project. No need for the capital to start a project.

[maianh09]

Because they want their Altcoin, they create them. In particular, they built Altcoin to call capital from investors and use the money of investors to generate profit for themselves and investors. Every day a lot of Altcoins is organized and always towards benefit.

[a2offrb]

Just to ride on others with advanced technology by perfectly scamming them and get fleed is the mind of so many scrupulous Developers, while some of them still are genuinely initiated to facilitate patronage of their product or creating awareness or campaign for their kind of Businesses, especially when intensive capital is involved.

[Man91]

It's about business, I think that many people make their own coins because they are interested in reaching black coins that are very good and already have a high price. someone is trying to make a coin in the hope of making a big profit and wants to be completely in the world of crypto currency, so people are trying to create their own coins

[Latviand]

It's about business, I think that many people make their own coins because they are interested in reaching black coins that are very good and already have a high price. someone is trying to make a coin in the hope of making a big profit and wants to be completely in the world of crypto currency, so people are trying to create their own coins

And yeah, all people wants to make their own money, who wouldn't? Lol. So, the main reason why they create their own coin is to create big money. And I think if their created coin got popular then many invertors will be interested on it and will going to buy it. But then, some of them are just scam. Scammers everywhere. Careful.

[roadwell890]

they try to make a duplicate of a coin symbol
later they will sell peer to peer to other users at a cheaper price
this is a very bad fraud technique

[Dmitry_K]

As already wrote here the main reason is money, it is an opportunity to quickly get large amounts of money and not always for a good project ... we all need to be careful.

[Jorheen]

The always and only reason is the root of all evil which is money. Some people got serious and frustrated in ICO and invested time and efforts in doing bounty campaign projects just to create their own coins to have money fast.

[kokota183]

One reason is they are making a platform and wants to have their own currency, like apps and appcoins. Some makes them to ease the difficulties of transactions from a specific platform.

[evok3d]

Because at the moment there is no legislation for this. And everyone is trying to deceive ordinary people and earn easy money

[Lykiayng]

The creators of altcoins are trying to make a new cryptocurrency that will be useful to people and they want to make money.