Why people try to create their own coins?

[virtual_miner]

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

One reason is 'Money' most of us want to rich in different ways, maybe this is the idea of those people to become quick money income thats why they make thier own coin.

But you can not earn money by just creating private tokens, because to sell the token they need a professional team. Even now investors are very wise and not easy to get their money

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[martabaktelor]

Certainly, they have goals that are not good because they make new coins by copying the work of others. And they want the money so that they do so. And I think we have to be careful because it can make us lose money.

[rozenkreitzer]

I think people saw a lot of potential and opportunity in crypto world. 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. But there are also coins that are unique and functional. The problem is, those legit coins are very hard to identify.

Who can money - happy people)! They have an example before their eyes and mind. Adventurism is their trait. In another way it is called - enterprise

[Goodnuel]

People create their own coins for various purposes... Just like every individual has various reasons for doing things..

There are some who create their own coins for the purpose of financing their own projects, with a very decent intention.. Others just create their own coins for the fun of it, or for the purpose of having something in their name.. Others create their own coins for the sole aim of making more money and defrauding others..

[BTC_ADA]

People create their own cryptocurrency, as this can make good money. But there are also people who need money for the development of technology and that is why they create tokens.

[HyperLup]

Anyone with a new idea, using blockchain technology, can turn this idea into a project. This is only optional, so there is a lot of cryptocurrencies available.

[crazylikeafox]

For some people, they create their own coins because they need support in developing their technology that can probably help the community. And there are some types of people that create their own coins in the sole purpose of making quick money. So it is best to make some research about the coin first.

[paul15]

They want to collect fund for their icos or coins to develop the project.
But, not at all the project is good, but on the other hand, they collect fund to scam people.

[anth36jian]

It is a good opportunity to earn money and to have something yours on the cryptomarket. It is very useful experience but not all of us can do it.

[Cordann]

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

I believe that one of the main reasons is the introduction of their ideas and technologies for the development of personal business. But I have to admit that many people are simply trying to quickly get money due to the launch of their ideas, they think about wealth, and not about the development of their technologies.

[drrekkty]

I don't know, probably the reason is that they want to launch worthy project and also in some cases in can be a resupt of fraudulent activities

[jayendo]

It seems to me that the main reason for the work of most people is simply to make quick money. But I want to hope that some people come to the crypto market for the sake of developing their ideas and technologies, providing profitable and fast transactions for the global digital society.

[89shaky]

It seems to me that there are two reasons for this. First, every person wants to become successful and creates his own currency, without taking into account the fact that he does not have enough funds, opportunities, prospects or money for this. Secondly, some simply create their own coins, in the hope of quickly collecting money from gullible investors and escaping while deceiving people

[SaféTilt]

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

Because icos are the easiest way to collect money mate. Thay are copying each other and they are creating useless coins and they are collecting
for that coins 20 30m dollar easily in bull market. that is really big shame but yes unfortunately people doing that again and again.
and on the other hand investors still investing these things ....

[dimonarka]

I believe that this is done in order to popularize any type or field of activity. There are also many of them there are many scammers who, when raising funds, will destroy the smart contract.

[wewe123]

People are trying to create their own coin in order than their name or signature will be known to people that they are launching their business and will be recognized and be popular someday in the future.

[Sab11]

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 money, they are not wasting thier time i think they create a look legit project but after the ICO they are just run away like nothing happen (scammers). So be wise when investing in ICO be careful.

[viva95]

I think that people create new coins because they understand the useful of blockchain and try to make a project with using this technology or they try to make their own project better with help of blockchain and it's possibilaties

[skylar]

I think people try to create their coin simply just because they wanna getting profit from it. But there are no problem if they can make this scene are more competitive than before.

[reynilynedago]

Now everyone is creating their own cryptocurrency project. The main benefit of such projects is a huge amount of funding. Investors around the globe are ready to throw their money out to a cryptocurrency project. The people behind the project earn a lot when the cryptocurrency token gets listed on the exchange. ICO is a great way to earn huge from a business perspective.