Why people try to create their own coins?

[muffinjey]

Probably, they hope to create their own economy within their project, and this can be understood. Many are hoping to raise their currency and get from this profit

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[Maxre]

there are many reasons why they want to take the time to create a new project.
maybe one of them is to use current technology so that digital money can be known by many people.

[jiandong]

not infrequently many ICO projects end up scam because that is the main goal of the developer not the success of the project but the success of getting money from investors.
Because many people want to get a lot of money quickly, either in a good way or by deceiving people.

[Amevalentine]

Creating a personal coin is a great aspect of future tokenized economy, where you can employ a spesialist by buying his personal coins.

but in practice many people are misusing the coins they make. they only want their own personal benefits. without thinking about the aspect or reason why they made the coin

[boolog]

Some coins are created because the developers want to implement new ideas. Of course, many are only created to earn money, but not all.

[Ngewex Yuk]

In my opinion this is because there is no regulation, as long as there is no limit to making coins then everyone will continue to make coins, this is what makes the number of coins now more than 1800 and will certainly make many coins die.

[CoinCowgirl]

I think that a lot of people desperatly wanted to be a part of this cryptocurrency revolution. Don`t blame them....It is a great revolution, isn`t it?

[Arkham Knight]

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

I don't think they are wasting their time when their goal to make it in the first place is to collect money. I know that a lot of them are just a copycat or somewhat similar like the others but the devs don't care because they can always change the game just by doing an effective marketing.

[SPdiginomads]

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

Many are making an ehancement of the existing project and create its own uniqueness. Moreover others were creating for quick money and doing monkey business. So join at your own risks and study first.

[4garret]

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

the main reason is because of money. they will do anything for money and they will deceive others, the most important thing is they can get money. therefore there are so many scams right now, because people are only concerned about their own interests, and they deceive others.

[wiak2]

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

Probably the main reason is the desire to quickly make money. But this is a normal situation for society. The main thing is that there are still enthusiasts who create a real product to help society.

[mobilezz]

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

Many people want to make their preference even in clone coins. Simply unique ideas that will not be repeated practically do not remain, only utopian. Therefore, it turns out that like clones and forks in the market abound.

[Akeeto]

Im not that knowledgable on the said topic but i think the reason is that they want to promote and develop the introduced project to the public via their own newly made coin so that they can manage the transactions that have been made by the participants with ease

[LinkinPrak]

Many people created a lot of coins themselves because they wanted a very big advantages. They want to be developers who can get many investors so they can benefit from it. But unfortunately they are merely euphoria without being based on a clear plan and strategy in coin creation. Besides that they also duplicated the previous coin technology. Of course the coin that they created does not have innovation and uniqueness. Therefore many coins fail and do not get the trust of the people at all. Yangeah, that means they just waste their time and energy.

[Psalmy2cute]

They are not wasting there time. Making new coin is a good opportunity to fulfill there project through ICO. They can ask people to invest on there project and in return they give there investors a token. The aim of the investors is to earn good profit from the token once it hits in the market. Same with the project owner and developer. Much Money in return.

[ernoo]

Unfortunately, the number one reason is probably the money. Creating a new coin is not that difficult, but possible to value it a lot quite easily.

[arida_ds]

Because it is more profitable than the game on the market. And when you create your own currency, there are fewer risks and losses.

[monster2]

Ico is a big part because they make their own coin or project to invest in the project big investors invest to them to earn money.

[philX]

There's a great deal motivation behind why numerous individuals is endeavoring to make their own particular coin,one significant reason is for snappy cash exceptionally the individuals who pursue .But there's some making their own particular for a decent reason to win as well as to bring their coin into crypto in a win level and let it be prevalent. It's valid that there are such huge numbers of ventures in altcoins that are duplicating each other. Be that as it may, is a duplicate of each other numerous organizations on the planet.

[dmerrifield9844]

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.