Why people try to create their own coins?

[Adunni6758]

Those who create coins or tokens have their reasons for that that. There are some project team that create coins for genuine reasons. These set of people always back their project up with good product. A project with a good product will surely have a good coin. On the other hand, some projects team are just about making money and not creating value.

[1713416543]

1713416543

[hheight]

Nothing surprising happens. This is the standard development of cryptocurrency. In the future, every organization and crypto-lovers will produce coins with their own name.

[reidel21]

What you mean 'they waste their time for nothing?' Although most of the coins in the market right now is just a copy of one another, but you can't say it that way. I think they created that coins for one purpose only : 'money'. Most ICOs raised over millions of dollars although in my opinion those coins are just a mere copy as well. But well, they are clearly not wasting their time. They are making money.

[Thomas petersen]

Its not a waste of time or energy. ICO is great method of fund raising. Usually ICO is launche to develop certain project. It also brings huge opportunities for entrepreneurs. They are rising their funds to accomplish their desire projects while developing cryptocurrency for the investors. Its a win win situation. And most of the altcoins have come through ICO. So there is nothing waste of time or energy in making new tokens.

[fonenumba]

I believe that I see always a great outstanding Kickstarter to support your goals that you dream of and make the drems come true

[huongthuy195t]

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.

[tantegope00l]

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

We know how Bitcoin or other giant coins inspire many people. And the chance to get a big profit is to buy ico.
People are sniffing there is a chance of a huge community passion. Some use shortcuts just for profit.

[sajjad042]

Basically the now create project and then create coins according to their needs .
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[minhchi2948]

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.

[melanie19283]

They do that because they can get a lot of money for what they do. So they are busy doing such kind of things and others may get rich because of them.

[asdnz86126]

Like majority people said money is always behind this, some are too greedy to earn money instantly but some are legit and think good about their investors so be wise before investing new coins.

[tillerthekiller]

Like majority people said money is always behind this, some are too greedy to earn money instantly but some are legit and think good about their investors so be wise before investing new coins.

It is really unfortunate that it is taking money away from legit projects that could change industries.

[s.Zavgorod]

For some reason I thought that the majority of cryptocurrencies in the market exist only as an asset of the company. And they're kind of disposable. The company raised funds, launched a project, investors exchanged their income and all together forgot about the coin and look at ordinary business.

[luffare]

People always need to invent or create something.
- Would you like to create some cryptocoin, buddy?
- Why not, guys? I think it's not hard to do and looks like to piss a couple of your fingers! 

[Xclusive5]

I see a lot of developers who make their own coin as opportunists because they create the coin for money and most of them are into crypto to gather some money and abandon the project. So the major reason for developing a coin is to get some money from it. That's my opinion.

[nobetci]

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

Unfortunately, the number of scam coins is increasingday by day. I think there is not much people who really care about the blockchain technology, and I think this is very bad for the future of cryptocurrencies. I hope this situation will change in a near future.

[jokowo]

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

Perhaps today crypto is still in its early stages of development, and everyone is almost equal in this field.
So I think some people are taking the opportunity to benefit from this technology.

[sirengutou]

I think this business model is very powerful. In other words, there is basically no valuable thing. do you understand? That is, business rules. Many people want to try to create their own coins. In the field of money, everyone pursues power.

[lapofberik]

The answer to your question is very simple - people want to receive money. Honestly, few of them make real exciting and promising projects. A large mass is a method to get money quickly.

[EleGiggle]

Cryptocurrency become very popular recently, people see the success of some coins and want to repeat their success