Why people try to create their own coins?

[ovinna]

If I had a chance to create my own coins I would have do it. It is interesting and profitable projects which will bring a lot of benefits as for me and as for other members, moreover it could be recognised like a contribution to crypto's development and I would be pleased.

[dommerty]

For some people it is a method of funding, for others it is just a way to scam everyone and some fell passionate about blockchain technology,that's why they create coins. Another reason is willingness to become famous and create own coin

[GreenInformation547]

Crypto is an open market place. Varieties of people come here. Some of them want to create something new. Others may copy. But I think new coins means new scopes for investment.

[AllStrong002]

People are creating new coins which is not a bad idea. They are creating new hopes and scopes for investing. Without having strong sense of crypto, no one can create coins. So it can be said that, those who are creating coins, it is for the good reason.

[vcrypte]

They want to make money. Or get glory. I don't know what drives people. This should be asked directly from the creators.

[laracastvue]

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

because many people here want to try profits, cryptocurrency is like playing gambling, there is no guarantee for you to always get a profit. dare to take risks in order to get big profits.

Gambling is very risky because you can lose all your coins immediately in just one game so it was better to trade since in trading you still have the chance to get back what you lose if you are just patient enough to wait.

[fing ter]

By creating their own, they think they can profit it. There are no doubt that there are a lot of coins out there who are just a copy of the other. Those coins are just there to scam investors.

[777Jolami]

Because it is the ICO programs they need capital, so they release their own coins to raise funds for the project, so today there are quite a lot of ICO projects and lots of coin to be born. in this market

[KatyaTonkosheewa]

Why do people do anything? Of course, to change the world for the better. Not everyone is covered by such a rush, but those who create a new cryptocurrency, think so. I have not heard of more than one project that would be created only for profit, and was successful. In a case like this, you always have to be a little enthusiastic. I think you should understand. This is the desire to make human payments safer and life more colorful. It's nice to help people, isn't it? And if you are paid for it, so it is generally "beauty", if I may say so.

[Afteryou56]

I think the most important reason is earnings. I think that the creators of many coins do not care much for the future of their project. They just deceive people. But there are very good developers who really want to improve the life of mankind.

[GatotKaca]

I think people have different reasons. One simply interesting is the process of creating a crypto currency, others want to make money on this easy money, some want some power, quarters change the world and so on. Probably how many people are so many reasons =)

agree, I think so. from some parties want something else and different reasons and undoubtedly all of them are used for progress for the company and the benefits for us seekers are greater results. all can now give their own reasons and it will continue for the benefit of both.

[thesmallgod]

it all boil down to which one survive. similar project with different coin is not the problem and infact is good becuase it give no room for monopoly. it is just like saying since benz is making car then there is no need for any other company to be making car because we already have benz making it. in as much as the project is doesnt turn out to something bad like scam it is okay. when you have many ICO project about crypto card and they succeed in giving out card then you will see there will be competition

[sunshinelavapie]

Their main purpose is to make money. Those who lack the knowledge of crypto will believe in them and invest. And they will achieve the purpose and earn a large and fast money.

[akihiro101117]

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

 i dont agree that many of the coins are copy of another. there are coins created for specific target market. those coins are created because there is a need to create meaning there is demand. raising fund on a ico is not a waste of time

[agus_sna]

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

Because the greedy dev rides the hype masternode train, the story is like this: dev makes a new coin or clones eth and has premine at least 5% saying that it is to develsent further from the coin. Then they sell several masternodes before the coin launches to the initial biders usually for a few btc per node each, launching coins and letting the market take over when they leave it and make a new one within 3 months or less and the circle continues.
Tanks you

[Kate Beckett]

New projects arise in connection with the need to eliminate a number of problems in old projects. In addition, there are projects for beginners in the crypto-currency area, and there are for professionals. An example of the latter is the new Caspian project. The Caspian is an institutional crypto-trading platform for already sophisticated traders. The project offers its users a fully developed OEMS, PMS, and RMS.

[donskova29]

That's why ICO from other countries are keeping their eyes to them. ICOs is getting out of hand. This thing needs to be regulated.

[donskova29]

 Most of them are just collect money from investors. Then they will distribute the coin to the investors. And when the coin hit an exchange. That's it, another shitcoin landed an exchange. That's why ICO from other countries are keeping their eyes to them

[@oweljayr]

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

I think it is called Fiat, it is sometimes call currency with out any particular value or depending on the value given by engaged ICO ( Initial Currency Offering) project.

[Greedy squirrel]

Each project produces tokens to attract investment. Tokens should not be confused with forks. Because fork is the improvement of any existing technology. And many of them are quite successful. I think that you should go a little deeper into this issue.