Why people try to create their own coins?

[davemorg]

Most people do this with the goal of earning on newcomers who will buy their coins.

[1714138065]

1714138065

[1714138065]

1714138065

[AaronVanW]

I figure the primary explanation for is to procure cash. A few activities are profitable, fruitful generally come up short. These days a few organizations are likewise include to make their own coins, thusly they accumulate customers, which draw in their items too. A few people assemble numerous individuals to connect with, enlist coin on trades, pump it lastly flee with part of cash.

[manwithsuit909]

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

I dont agree what u said ,there's still chances for them to achieve success in crypto but they should come out something the world havent not copy and paste whole thing

[Lexurdania]

People are trying to get rich and get recognition and progress on the crypto-currency market. Is it bad? They have goals and they aspire to them. And despite the fact that the ideas are repeated the team is trying to improve its project and become better than others.

Most people want to take an opportunity in rising market. Right now many altcoin have similiar project with others and they compete each others. I think competition is good for market and let investor decide the best to invest

[raider150shifter]

Because they believe they can make quick money out
of it,  well let's not generalize, there are some that believe
that there idea is worth something.

[funkenschuster]

A great many people to my view has seen that this implies has made a wellspring of pay for others along these lines attempting to make their own coins which achieves the duplicate felines. They end either taking ones thoughts or replicating them and control it in such a basic way which will be little bi unique in relation to theirs however at the long route round they have similar thoughts. Covetousness has now come into this Crypto business.

[zhuiyongliang8]

I think the main reason real projects try to create their own COINS is to enable them to fund their projects, while some people develop a legitimate project or some development scam project, trying to make easy money.

[sinkfish]

a more sophisticated method to finance projects, increase personal or company value, trading, tax running. or simply scam money from others.

[97percent]

There are many advantages to making replica coins. But it is unfortunate that this act is detrimental to many people. They benefit unilaterally by utilizing the weaknesses of their participants. Their actions are hated and avoided by everyone. Be careful when choosing coins. Investigate first and select those who already have enough experience. Because so many new coins are popping up making people confused in choosing a valid coin.

[enriquemendez18]

Just to make money moostly I guess. A lot of companies are the same too.

[cak imin]

either create what is now a lot of people make their own coins. There should be regulations for some platforms such as eth and waves in the creation of a new token. so not everyone creates their own tokens, as this could be a scam.

[TerrorFromTheDeep]

For some people this is fun. For a most part of crypto enthusiasts, this is an opportunity to try thier strengths and gain experience. For some people this is an opportunity to earn money.

And well, you can not forget about scammers.

[JPSelzer]

People always want to be better than someone, I want to create something new, unique. Previously, when the cryptocurrency was not so well known, many projects managed to easily implement their idea and collect well on the ICO. Now the competition has increased and it is not easy to do so. We have to come up with something more interesting. Therefore, for many, the creation of a new coin is only necessary in order to earn more money.

[sultanGol]

I do not think any of them feel, they are wasting their time. In some cases, it is just about fun, or reputation, but most of the time an investment.

[RistirP]

This is normal and in this there is nothing surprising. It is the business. They try to create different new projects and new coin to make money.

[FrosDiamond]

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

yes the answer is very clear, money is a key factor for these people, you will be surprised how many of these people run several projects too. yes because of money, people are willing to do anything.

[Bitsinmyhead]

Why do people do anything? Because they can and to make money!

[Eddi45]

most people just create coins and name it whatever they wish to. most of the coins we see mostly in airdrop campaigns has no backed up project. some of them use it to scam investors.

[dylanmeter]

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

Next time, when you find these garbage projects,  don't  overlook it, once you have gathered enough prove to sentence to court, label them scam, report to the moderators and you have done a your part , cast the fake ICO to the entire crypto community.

[Promitestake]

nothing waste from making unbiased coin if it was marketing campaign rarely and gain consider from the network. It has motive one in every of it's miles non-public, then for challenge and for finance of some organization. It just base on attempt to gain there needs.