Why people try to create their own coins?

[Gab20]

Some would just want to see if they too can have their own share of huge profit in the space. Something surprising happened recently, the developers of an airdropped token started trading their tokens without informing the community. They did that until it dumped by more than 1000%.

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[Pet240]

There are some projects that are yet to be executed, due to lack of finance to back it up. Some have now integrated it into blockchain, because they believed that through that, they will not only raise the money for the project, but also create worldwide awareness.

[lihaidong198871]

I think they are programmers, or those who are interested in the cryptocurrency market, they want to know what the process of creating a coin needs, and this is also a good way to evaluate a project before the beginning. private investment in ICO

[huteawe]

It's simply that individuals need to be rich without attempting huge endeavors. It's substantially simpler to take an instant arrangement than to make an item from the earliest starting point. Along these lines, such huge numbers of pointless ICO.

[dimon01]

Not everyone can come up with something ground-breaking as BTC, ETH, or EOS. So they copy each other, that's how they learn. But I would trust only technologically sound and unique projects. They are the future.

[pouljak5]

Not each coin is built for the use of blockchain and transactions money throughout the globe, the coin is also a way to raise investment s for firms which is the teams that there are many instructions of ICOs in the market  it's sort of an investment round

[pidie]

according to my understanding, the number of people who make coins because they want to compete with others. the number of new coins popping up indicates that the development of cryptocurrency is increasing rapidly.

[WuGong]

It's not surprising that no one wants to change the world or do something for the world. To put it directly, everyone wants to make a profit. But there are often many failures, which form a scam.

[oxoxoxox]

Obviously, creating a new coin is now a way to get a lot of money quickly, and many scammers are keen to release a variety of scam ico, which has led investors to distrust the entire crypto market.

[lonlonmarlon]

I think why people is create own coins is because he/she want to scam other people and to get a money to cheating to others and my suggestion to others be careful to that to scammers.

[Mikospark]

Because they want to make big profit from that coin by sell that coin to the investor. This is fast way to make big money because cryptocurrency is popular now and the demand increasing alot. Some of that project has legit product and others any fraud project.

[Crypto.Expert]

Some people do a coin to scam people and be after for the money that they scammed from others. So better to be wise this time.

[duoworld]

I think most people create ico because of money, because creating ico can make money. After they earned some money, they sold it in large quantities. So most ico have failed because its purpose is to make money.

[Md Saykat Nazir]

I think  it surely relies upon at the man or woman/agency that create their own coin. Alot of the instance their primary reason is just to earn money and many of them don't care approximately something else.

[latender]

Waste of time. Oh No!!
It's not waste of time.
Because When they creat many coins and make some fake project with it.
They will earn money .
Can a lot of or a little money. If they good, they can scam.

[olsyd]

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 big money, also that is why we can see a lot of scams on the ICO market

[lanalang]

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

I believe there's more to that stand behind every person is different, and some of them are actually trying to scam people by creating their own scam ICO Project, we need to be greatly aware of those guys.

[Hinugh]

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 as they want to create a legacy or want to earn more . Investors who trully believe the benefits  of cryptocurrency want to share it to other people by creating a new coin that is affordable to others.

[lovemsngr]

Perhaps people have some idea that no one has yet been born, and maybe they just want to create a cryptocurrency to earn a lot of money.

Most copycat projects are either scam or speculative. They aren't improving anything nor making lives easier. So I would stay away from these. I invest in projects that are positively unique and offer ground-breaking technologies.

[asongkind]

Launching an ICO or crowdfunding is the new way of making big amount of money without any institution's approval.