Why people try to create their own coins?

[InvestICO2L]

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

Oh, I don’t  think that they are wasting  their time because this also kind of thing that help them earn a big benefit. To say frankly, everyone has their own right to create own coin, maybe it’s quite free, and it leads crypto market to be more complicated with some more coins that is not potential anymore. However, when a coin is created, people probably have chance to take investing or trading and so on. Besides, so many people take advantages of creating coin to scam anothers. In a nutshell, we have to be more careful with new coin creating.

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[islakevin]

Money Greediness , People Want to create their own coins because they know they can profit big even it does not have a good quality , Because they will use it to scam people. They will create great project but scam tokens.

[kajiado]

They dont waste their time for nothing. They use their time to either develop a legitimate project or a scammy project. It is up to us as the users to decipher which is which.

Exactly, its usually a win win for the creator , just a months of work and thy can can get a years worth of payment.

[Manyak]

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

They didn't waste their time. You know now a days they want to have a lot of money maybe they are tired to trade or it is not enough to fulfill what they want that why they create their own coin but be careful because you dont know if it is legit or scam .

[RajaCripto]

it seems like you misunderstood, they are not wasting their time. they make coins because they want to get investors faster

[duncanarmy]

Everyone got different talent and to be candid like you said, more than 50% of altcoin are folk of another coin. These situation is neither good or bad. There in fact many advantages that is presented because of this.

[InvestICO2L]

Anyone can create their own coin if he is capable of knowledge of using codes to create his own coin. The only disadvantage is that anyone is free to create and it was an advantage for them to create and afterwards tp scam other people because of that coin it depends in the market if it was adopted by many traders especially the hypers who are always riding the hype.

Anyone can create their own coin if he is capable of knowledge of using codes to create his own coin. The only disadvantage is that anyone is free to create and it was an advantage for them to create and afterwards tp scam other people because of that coin it depends in the market if it was adopted by many traders especially the hypers who are always riding the hype.

[bencongponcol]

Money is the key factor for most of these guys, you'd be surprised how many of these guys are running multiple projects as well.Due to the attention that is now focused on the ICOs there will be a lot of people coming along and creating an ICO for no other reason than to rip people off, this will happen for sure and we as a community need to be aware of this.

[elisabetheva]

People try to create their own coin just to lure investors and other people to invest in their own "ICO" they make it sound so promising but after receiving sufficient investment, they will vanish. Others want to make a quick buck so they tryna make an interesting project to lure people.

it seems like this has started to grow a lot of new project projects that are now and many are disappointing, but it seems there has been no concern not to happen again

[lyndon30]

Exactly there are people who are now creating their own coins. I think it because they also want to have a unique one and wants that coin be popular. Aside from that, I think they also wants to have an easy way of accessing to their project and easy way of giving awards who participated to their projects.

[HighlanderMonk]

Th most obvious answer is that people want to get money. 95% of people do not want to create innovative ideas and solving problems. Everyone just wants to be reach.

[tomboi]

A team commonly try to make their progress by creating the new crypto. However, some of them are similar to other concepts. It is true that newer concept may be able to attract the investors and participant to join in the crypto project. In this case, we must know the best concept for crypto to be acceptable and it may be exactly valuable by creating a new concept of the project with the ready product.

[pesorules]

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

They are scamming others by creating coins that they only copied from another coin maker, because they knew that this kind of process will fool people and will allow them to be scammed that is why many are creating coins.

[BTCreward]

Usually people who create their tokens do not waste their time in vain. They make good money on it and rest until the end of life 

[ElenaN]

Someone is just going to earn money, but someone is investing in their project, which in his opinion is promising ...

[susutao88]

It's a lucrative business, ty typed aysio to put in some money, distributed some tokens for advertising, made a website and everything, millions in your pocket, but do it all with the mind, because people do not peddle on the bench, and if the coin reaches good results, then you will be in more plus!

[hana10298]

They decide on this in order to raise funds for the development of their projects. To do this, create their own coins and initiatives to attract and retain the attention of investors who purchase coins in anticipation of their appreciation.

[Emilyp]

I believe the major reason genuine project try to create their own coin is to enable them to fund their project, but the bad eggs just want a channel to rip people off their money.

[blue_id69]

Some of them are noobs to this industry and does not aware much of Cryptocurrency and coin they think anyone can make and run the coin and earn good money with it so in the greed of making money they create coin and most of them just fail. Create your coin is not so difficult, but people do not understand that this is a very difficult job that requires time and money. It's not that simple today.

[haithomz999]

Everything rests on money. The creators want to make money. The question is in another, in an honest way or not. Every day more scam projects. Very few creators who really are for an idea, the real development of their project and coins