Why people try to create their own coins?

[asdnz86126]

Companies that created their own crypto-currencies can transform their business processes almost digitally into digital form. One person will not be able to provide the net effect of his own currency. But personal crypto-currency makes sense as a personal security.

[1714759917]

1714759917

[1714759917]

1714759917

[1714759917]

1714759917

[loung3e]

may be they all dream the same thing like us, to get rich, but of course it is not a easy thing

[blue08]

Actually they are not wasting their money, because the return of their investment is quite big. That is why there are many new coins and ICO  arises. Some creating new coins to scam. So be careful investors.

[torch2121]

Base on observation. Bitcoin has a lot of flaws that's why new coins are created for resolution for Bitcoin. Every creator has a different point of view and a resolution for Bitcoin.

[amylouise166]

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.

[Choii]

Why people try to create their own coins?

All founder of new coin have a different reason why they want to create their own coin, but here's what i notice, they create new coin because they want to build their own business like Traxion project, they create that token because they actually love of what is the power of blockchain technology, but not all ICO's project is legit, so be carefull what project if you want to invest your money.

[Mr.Spreadthehamster]

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

It is a good source of profit.
You copy the product, tell everyone that something better in your blockchain and get money sellng coins on ICO
But it is only one reason and my opinion, there are a lot of different ones.

[Pintadj]

fast earning.

[bitivan]

Many projects just try to raise money. They don't care about the product or something else. They just see how popular crypto is and try to earn.

[Marine8]

There are many reasons why people create their own tokens. For of all, people create tokens to serve as the main commodity used when trying to access their project. So instead of paying for their service in dollars, you pay them in tokens. The other use is when people have nothing in mind but just want to scam people.lol

[riskarcher]

this is the same as you make clothes, many entrepreneurs make the same clothes but different strategies and innovations they have such as screen printing, logos and many more. as well as their coins are formed for a specific reason and have different systems with the same goal of reaching the advantage and creating a new system but with the same platform

[HungryJack]

The main reason is to support their projects and make it happen (selling the tokens beforehand).
Some people need money for their own projects.
Some people want to make quick money.

[blankpaladin]

People want to create their own coins, to have income and to build their own company.
They create coins for them to gather support for their projects. And they want to change something in the crpyto world.
Some create their tokens to scam and some have their own good deeds.

[5thFear]

Varies from coin to coin. Mostly they are made for profit though. I myself is learning and looking to launch a new project but lack the technical, financial and human resources.

[ecohobbit]

Current cryptocurrencies that are popular today like Bitcoin and Ethereum have many problems (transaction time, can't be used day-to-day, dApp support). We're in the fight for who can invent the best crypto for the future, so it makes sense.

[Ngewex Yuk]

I think it's natural, cryptocurrencies give everyone the freedom to create their own coin, this is what makes today more than 1500 coins and tokens available, and with many coins of course the competition becomes very tight.

[ronalsi]

Create their own coins, giving them the greatest profit possible, achieving what they want

[happness2]

Some people are doing this project, their purpose is to apply to the reality, this is the encryption that is being done, and the more people who are for money, they create their own currency, just to make money.

[Tyler2446]

All those ICO people are create this days is because of there greedy ,they care about the future of the ico, they only care about the profit, that is why we should be careful of the ICO we are going to be paticipate

[efeyigit399]

there is a reason why people try to create their own money, especially for fast money that goes after it. But some of them are made not just to win, but to become popular.