Why people try to create their own coins?

[NEERAJ ANAND]

Many people want quick bucks by doing a small work but want big money and make copy cat author project and crate own coins those coins can scam people so never trust copy coin.

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[BeeDrill]

The answer is very simple, people create their own tokens because they can be sold. Even coins that do not represent value are bought for good money

[edwardsolo2021]

Im not that knowledgable on the said theme but rather I think the reason is that they need to advance and build up the acquainted venture with general society by means of their own recently made coin so they can deal with the exchanges that have been made by the members effortlessly. in addition the acquired coin will be effortlessly recognized from different activities that have a much comparable idea.. much the same as how two unique undertakings mean to avoid false notice.. with XXX coin having a place with XXX task and with YYY coin having a place with YYY venture

[jopchekos]

Now everyone thinks that if you create a coin, it will be very rich. But this does not happen!

[kenman]

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

i'd try too, had i enough ... brains or whatever is needed there and you can become famous or have a failure, which is fun too. no daily routine

[marcus_v]

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. Most of all, some people just want to make money, because having a successful campaign will make you instantly rich.

[QuickS22]

Some create new coins simply to learn how to do it. They take open code of some kind of grid and try to create something for themselves

[Dobriy 4el]

most likely the main reason is desire to earn money, but there is a wish to believe that it is also such who on the present try for mankind in respect of decentralization and leaving from speculative banks which take nothing unreasonably big commission for all operations with money

[Gavao04]

Well it is a good quick way of earning really easy, if they can. The creation of tokens really depend on their motives and objectives, but the success will solely depend on their project. So do not worry about people making tokens, it is about how they use them and how the project with have the functionality

[xyandrobot]

Because every new coin will have new advantages in the coin. coins already in the market will be refined and made to exceed existing coins.

[zebrabounties]

The main reason behind is money. project team Wants to create their own coins/token because they know they can earn big profit even it does not have a potential project , Because they will use it to cheat participants. They will create great project but scam tokens/coin.

[Brunoaoi007]

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.

[letterbox]

Some people are idealistic and create a coin for a certain social group. I call PROUD Money, Pakcoin and Irish Coin a social currency because the money will improve the life of a certain social group. We can talk more about this on my Telegram chat: https://www.t.me/proudmoney

[McDee]

They do not waste their time in vain. This is an open competitive market and here everyone has the right to create a compilation of any other project because the majority of these projects have open source code that is available to anyone. Everyone can try to create competition for any other project. But usually this is not a good idea, because all the laurels go to those who first created a new coin.

[FilliDorros]

The answer is very simple, people create their own tokens because they can be sold. Even coins that do not represent value are bought for good money

And who will buy them, except for speculation for example on the crypto exchange such as yobit. Or I not understand something?

[heritage35]

So many developers just want to be rich through crypto and some of them might not have originality in their projects. Most especially when it comes to airdrop. Airdrop projects are full of repetitions. Some ICO still have uniqueness in their works.

[dimb]

I think the main reason for this phenomenon is the desire of a person to earn more. Cryopography is gaining popularity and many are willing to take part in this direction.

[Endorphinity]

Probably it is very profitable. Most projects are created in order to collect money and disappear. Unfortunately, this trend is very urgent now. Scammers want money and therefore create new projects.

[ice098]

Probably it is very profitable. Most projects are created in order to collect money and disappear. Unfortunately, this trend is very urgent now. Scammers want money and therefore create new projects.

Because creating own coin is much profitable. Also those creator of new came out crypto only wants to get money then after they collect they gone. So its better to trust to those coin that have potential like Bitcoin because surely it not like to those scam coin even its expensive atleast it can bring you lots of profit. Unlike to those new coin that can do anything to be attract and convince you to invest to it. So just be careful of choosing coin because nowadays there's a lot scam coin and you might get scam.

[arpaul]

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 .