Why people try to create their own coins?

[freakcoins]

Making their own coins is lot in sorrounding of this business, they want to make their own names in order to invite others to join the projects and create more money then after they say that their project is not success and they get the money from investors, and they called therselves a scammers..

[genset88]

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

I think they don't do it for useless things. Currently, ICOs are very popular, if your project is good, just a short time you can raise a few million dollars. That's why everyone wants to participate in the crypto market.

[leota68646]

I think it since they likewise need to have a remarkable one and needs that coin be prominent. Beside that, I think they additionally needs to have a simple method for getting to their undertaking and simple method for giving honors who took an interest to their ventures.

[philX]

I figure the primary explanation for is to win cash. A few tasks are profitable, fruitful generally come up short. These days a few organizations are likewise include to make their own coins, along these lines they accumulate customers, which draw in their items too. A few people assemble numerous individuals to draw in, enlist coin on trades.

[Papilio]

first of all the desire to earn big money, applying to it a minimum of effort and time, forces people to create new coins, but sometimes there are really standing improvements to existing coins, but this is no longer plagiarism.

[Bitrecords]

Since blockchain technology is less than 10 years old, thousands of new investors join the community with the belief in rich cryptography. New starters who do not have experience can easily be deceived. 95% of absolute currencies are copies of existing well-developed projects. For beginners, it takes a long time to get an education and be able to identify these unique assets.

[ElingElingUmat]

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

They seem to be obsessed by coins like ETH and BTC. Sounds a little crazy and just a waste of time. But I think it's good they want to try something they might be able to do, because wanting to have the coins they produce can be successful and acceptable in the market.

[Sab11]

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

yeah its easy to create altcoins, i think they are not wasting time for nothing, they creating altcoin and running an promising ICO and during/after the ICO they are just vanish away and scamming alot of money, thats why now a days always remember to check the project of one ICO to void scammers.

[sumangs]

They make their own coin to earn money fast even though only a fraction of the ICO price is implemented on exchanges at least they get a profit on it. Also it would be expected to grow its value depending on the ICO's demand in the future making it more rewarding rather than just being dumped. Pumped or dumped the team will still get a huge amount of money through a well-planned ICO.

[fearcoka]

Let's see the world, every day, many people want to have money from the products with famous brands. But, how to make money if you are not the owner of these famous brands? You can fake them and create the fake product for selling. The rich just want to buy the official products of well-known brands, but the poor usually have not enough money to do that. So, the fake product is also an option to buying by the poor. And if you can see this situation as the current ecosystem of cryptocurrency, you can understand

[LensCat]

Obviously it is for the most part for benefit, yet a few designers have a genuine vision in what the best coin ought to be and trust that it ought to be shared and made known for the advantage of them, as well as for everybody getting associated with it.

[Pejoh Asu]

Maybe because they see the problems they want to solve? But I do not think that this is the main reason why all the same people are trying to create their projects, I think the whole problem is in the money

I think the most important factor is the economy, they think that by making their coin it will get rich instantly, and I think it is fair, as long as they can make good coins then they deserve it.

[Mr.Been]

There's many reason why people is trying to create their own coin, major reason is for quick money. But there is somebody who creating their own coin not only to earn but to bring it into crypto in a success level

[steinkopf]

People believe in the crypto currency, and try to introduce it into people's lives. This is a very good trend, because thanks to the crypto currency the world can change for the better.

[freemax1900]

They want to earn money fast by attracting investments on that.

[TheSenior]

People seek to profit from this and come up with very interesting projects to achieve their goals. And if they succeed in this, it is only for the benefit of society.

[reverseflash]

Likely to obtain the asset and make money out of it. In fact, the cryptocurrency, provided its popularity, can make a good state for its creators.

Your truth. If we consider the idea of a cryptocurrency from the global market, then the ICO system itself is similar to issuing bonds to the stock exchange, and therefore serves to attract money.

[code]

Most often these are scammers who want to take your money. Be very careful.

[Susu xanh]

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..

[malik2003]

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!