Why people try to create their own coins?

[Volk-05]

Why is it that in vain some quite successfully copy other people's coins while collecting enough funds for ICO!  It all depends on how to promote your project!

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[KolayZdun]

Because nobody controls the flow. If there were certain organization, there will be much less shitcoins and other similar stuff, but it would not appear in the nearest future.

[Accen1935]

I regard this development as a trial to form cash, since indeed there area unit solely a couple of smart coins that area unit utilized by all individuals related to cryptocurrencies, some coins and tokens area unit in demand by an explicit audience and just some coins and new tokens is thought of as dedicated.

[BCSHonda]

Because they need capital to invest in the project they want to make, it's called an ICO project. They issue their own coins that means they charge the investor for what they are doing. And the value of the coin will increase and we will be profitable. That's a promise.

[Pline]

It happens for multiple reasons. Some of them wants to create hype around themself, just make a coin and it will increase their reputation. Others make it just for fun,like Doggy coin. Another guys want to change the world and create own super blockchain 5.0 with different cool features, but finally all of these coins fail

[kipozer]

Everything rests only on the opportunity to receive money for development, I support this idea and this is clearly a bad idea, because people's trust is not an unlimited resource, so you need to properly use it and understand that today it has a value that is still more expensive than BTC

[SaféTilt]

Because they want to earn money with fastest way. You know in the world now icos are the easiest way to collect money from small investors. Because of that these guys duplicating some codes and creating some whitepaper and they are trying to collect money. That is the main reason for that.

[BelovedOfTheGod]

You need to contact the original target people to create coins. This may be due solely to the desire to earn or altruistic desires to help other people. Most often we meet with the first category of people who want to earn, this kind of projects live solely because of the desire of investors to also earn money by buying coins during the ICO and selling them at more favorable prices.

[begau]

I think the crypto market is so attractive and high profits are the cause of the day when more and more coins are born. They want to try their luck on the money application to create surplus value.

[boyz97]

Everyone wants to try to earn, ico brings good money . That is why hundreds of new projects appear on the market

this is the only way to earn money easily in cryptocurrency market.by making fake ico or atleast useless token they could earn million dollar from investors.

[PlusOne88]

Money is a good reason for doing something that other people may not like. It is quite tempting to take a bite to the great fortune that cryptocurrency seems to promise. I haven't heard of reason like creating coin just for pure fun. Although dogecoin may be an example but I don't believe that they don't ever consider even a little about earning money. Money is almost connected to us a basic need in this modern time.

[lapyshka]

The reason is always the same - the desire to earn. There is nothing bad. If this is not a scam. Someone created a good project and was able to make it popular. He used all the possibilities for this.

[abake]

I don't think all project development team waste their time for nothing creating coins or tokens like you wrote. There is always a motive, either to make quick money and bounce, or to finance the project as a startup project. Nowadays we see the former instance most times, because the level of scam now is alarming. But there are still very good projects with amiable Team, striving towards the achievement of their project aim, rather than creating a coin or token and scamming the masses. Also if a new project should come up having similar project aim as an already existing project with no improvement, then it's crystal clear the team is not serious.

[Nastinmel]

Everything rests only on the opportunity to receive money for development, I support this idea and this is clearly a bad idea, because people's trust is not an unlimited resource, so you need to properly use it and understand that today it has a value that is still more expensive than BTC

Not because of it. I think blockchain is in fashion, so people want to create their own. Moreover, many people just try out, and I believe attempts are important. There won't be some good projects without many bad ones!

[TastyChillySauce00]

Everything rests only on the opportunity to receive money for development, I support this idea and this is clearly a bad idea, because people's trust is not an unlimited resource, so you need to properly use it and understand that today it has a value that is still more expensive than BTC

Not because of it. I think blockchain is in fashion, so people want to create their own. Moreover, many people just try out, and I believe attempts are important. There won't be some good projects without many bad ones!

That's quite logical, even there's hundred thousand of worthless coin being deployed until now by individual or atleast tech savvy because they are just being curious.
There's some article that address this thing where everyday hundred of bitcoin hardfork is being created but ended up being a worthless coin because people are doing that for fun.

[claus-rich]

People want to make money on the trend. That is why, during the general growth of the cryptocurrency market, a lot of different projects were created.

[NORD YGGDRASIL]

Creating your own coins is necessary for any project because in this way this project gets its own personality expressed in this coin. This is similar to the process by which each individual country existing on the planet also has its own currency.

[strideynet]

they don't waste their time. they know what they're doing. these are those who want a lot of money in a short time. they're crooks. although among them there are enthusiasts who really believe in their product. but they didn't pick the best time. ((

[andor.gellenhidi]

I fully support the view that projects that are now being created in a greater degree are being made only to enrich the developers themselves, because they very often really try to show serious opportunities.

[marcar]

Your opinion proves that the future of the ICO market in terms of due diligence will not be good. Ico market entered a dead end as developers wanted to make money only. The ICO sector, which could not find a way to move forward, remained still in the same street.