Why people try to create their own coins?

[Dimm_bounty13]

because they believe that they can help other people. However, other might think that they can earn money from this activity

Nobody creates a coin with a single idea of helping people. The goals are profit, leadership, realizations of ideas or making up lost technological opportunities! It's the market of wolves, not sheep!

[tuljan]

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

For nothing?
They do it for quick buck. They make a coin and after ICO they abandon the project. There are many shitcoins with that kind of background.

[halehale]

The main thing is that they are eager to make money on this, but they do not know much about the key principles of crypto. Therefore, they decide to make their own coins, most of these undertakings do not lead to success, because of which they supplement the list of unsuccessful projects.

[tuljan]

The main thing is that they are eager to make money on this, but they do not know much about the key principles of crypto. Therefore, they decide to make their own coins, most of these undertakings do not lead to success, because of which they supplement the list of unsuccessful projects.

I disagree on that one, I think that they know it very well but they do it anyways because it's profitable to make one coin and dump it as soon as you can so you can make another one.

[so98nn]

The main thing is that they are eager to make money on this, but they do not know much about the key principles of crypto. Therefore, they decide to make their own coins, most of these undertakings do not lead to success, because of which they supplement the list of unsuccessful projects.

I disagree on that one, I think that they know it very well but they do it anyways because it's profitable to make one coin and dump it as soon as you can so you can make another one.

True! Excessive creation of tokens or coins is just to make side-profits via pumping and then dumping. But it doesn't mean whole crypto ecosystem is infected by this. There are several projects which are commenced with a view to deliver product and solve some online problem. Like Remme solve the major problem of online security through its product and that's why its ICO was subscribed within 24 hours. If people invest in such coins, I bet no one will regret his investment.

[Neerce]

At this time, there are many reasons. Some people want to create something new for society, they come up with new technologies. Others just want to make quick money

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

Innventors are not probably create their own coins because it is depends on the campaign that has been made their own plans. Some of them not intentionally became shitcoin or some of them use to scammmed a members but the truth is they are wasting your time not their time. Mostly happens that they create coins for a profitable value of coins instead to invest with same coin in order for them to have a chance in acquiring a higher value of coins.

[mbm_ico]

It's very simple - because they want to earn. But if we talk about honest developers, they create their own coins and projects in order to popularize the crypto-currency industry and take their place in the crypto world.

[athiftammam2018]

The simple reason they do such a thing is because they might just want to be like the nakamoto satoshi the bitcoin inventor and they want to create an ecosystem environment in hopes of using their own coin to make it easier.

[Script]

They just wanna earn an easy money. but in my opinion, it is too late to start your own ico without having even alpha version. nowadays, crypto people become smarter while investing

[SpringfieldM1A]

There are many reasons for this but mostly; to make money. That doesn't mean they are scam. They are putting in time and effort for the project because they expect to make a living out of it.

[FernandaSorez]

They do this for fraud to similar coins to sell not experienced beginners or just throw their coin on the market to then develop it! And of course it is easier to make your coin written already someone key. But basically it is an introduction to the market and an easy way to earn money,only it is not correct and these extra coins just clog the information field of development for the crypto industry!

[Tilysoo]

From my point of view, creating their own coin is not for nothing. For those who have excellent idea but dont have enough capital to work on it, if they're lucky, they can get huge amount from their coin and make their dream come true.

[maiden]

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

They create their own coins Because they dont have enough capital to work on it, they made it to finance their self and to earn easy money because it will become a side profit for them. Some people do this to deceive others but not all. Additional, for me, they want to know how it feels to be able to develop your own coin and project.

[jojowar]

People try to create their own coins because of profit or money. Either it is legitimate or scam. If the project becomes successful the coins becomes very demanded so its value will increase.

[reality18]

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

There are so many coins because people are now getting the concept and significance of the Blockchain technology, hence tapping the essence of this innovative technology into their company, businesses, sectors etc. With time, i believe every company or business will own their cryptocurrencies to facilitate payment method.

[lancealtar]

Each new ICO wants to get quick money by issuing its own tokens. However, very often after the completion of ICO, these tokens are worthless. Before investing in ICO, you need to carefully analyze the company in order to reduce the risks of the scam.

[Farin Aliev]

Everyone wants to be financially independent and for this he needs to own his own money, that is, deal with the issue of a coin.

[antolinicio1]

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

Each new project considers itself unique. He always tells about the advantages over the competitor, that he is better, quicker, it is safer than all analogs. But often happens so it is only mere words. Some projects only tell what they good, but actually they aren't interested in implementation of the project, and they want to raise only money and all.

[Amalker]

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

I see only one reason - to make easy money from nothing. There is huge amount of empty and useless altcoins.