Why people try to create their own coins?

[Sevarchik]

Earning moneys, that thing moving 99% of all peoples on this world.
And few of from them enthusiast want create for interest only

[escalante28]

I believed there is different answer in every coins.
Some on them want to finance the project that they think it has a potential and can help others. Some of them just want to make money in legal way like selfdrop ICO but it was actually a scam. As long there are low educated in cryptocurrency there will be makers of coin either in good or evil purposes.

[OzhogCoin]

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

Why don't they want it? For example, I, too, would not mind creating my own coin. But I will not do that, since I have no relevant experience for this. And this is worst of all when people have no experience and they just want fast money.

[BruceJu]

This is not a waste of time. Most people create encryption to raise money for investors, but some have succeeded, and some have been scammed by people, so they failed!

[Gromx]

I believed there is different answer in every coins.
Some on them want to finance the project that they think it has a potential and can help others. Some of them just want to make money in legal way like selfdrop ICO but it was actually a scam. As long there are low educated in cryptocurrency there will be makers of coin either in good or evil purposes.

The vast majority of low-educated people in the crypto-currency field.As a rule, these people believe in infinite growth, but do nothing for this.As for the projects, there will be only more of them.Unfortunately or fortunately-but they are now completely unnecessary to people.Not ready yet.

[ynatopak14]

Some are just for curiosity and some are for bad plan.
Doing your own coin will have your own name on it, some creating it to scam other people.
Some are group who wants to have their own project and make addition on the progress of the technology and the world.

[fayoling]

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

Maybe they see potentional to earn a lot of money by creating ICOs.
Or they just have free time and they are cryptocurrency enthusiast.

It is not enough to be a crypto enthusiast to run ico, you need to know people who know how to write smart contracts, make some kind of website, and get confused with the project, which is very difficult. The most important thing is to have a cool idea, even if borrowed

[bce]

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

maybe in my opinion because of the insistence on the need for economic development by using technological advancements and developments that require someone to follow these developments

[itsik78]

Departure from responsibility - in fact, the whole answer. Who would not say, but it is always on the verge of fraud. And even if initially the initiators had good intentions, when they fail to implement the plan, they can disappear with a clear conscience and full wallets. Often the risk is presented in an understated format and the real difficulties remain unanswered.

[cepot9]

right this year, people are competing to make their own projects even though most of them only want fast money. I was initially very happy with a lot of new projects and innovating to make cryptocyrrency technology useful but even now they are using it to get money and leave. they are pretty bad

[Ladysmith]

Because they can make an insane amount of money in a very short amount of time if they're good at marketing.

Easy to be a scam artist behind a screen and tokens make that possible. There are some good projects, but you have to know what to look for and the easy signs of a scam: anonymous team, no clear answers, unclear roadmap.

[LinkinPrak]

It's true that there are now lots of new coins. This number of new coins is like a plague that is mushrooming. I myself do not understand the exact meaning of these people why they are so ambitious to create their own coins. I can only analyze and guess the reason why they created coins even though there are already many coins on the market. In my opinion, they only follow mere euphoria to create coins and then be able to attract investors and get lots of profits. Therefore they paid little attention to the quality of the coins they created. Most of the coins they created were duplicates of the previous coin technology so they did not have innovation.

[Callanta787]

Its not a waste of time, many created new coins to deceive people and run with there money ,examples are pump and dump coins out there and I've seen some good coins with just single dev ,intact he his hiring, the major reason people are creating many coins this days is getting rich quick scheme and no matter how bad the project looks investors will invest

[Huruharacorp]

there are many reasons people make Coin, first as a business tool, long-term investment, and betting on financial aspects, meaning that the person who made the coin has the knowledge that Cryptocurrency will definitely be great in the next few years.

the most important thing that people think about when they make their own coins is in the hope of earning profits from the sale of their coins. but it's not that easy, now investors are smart in choosing between potential coins and not. of course if they don't get many supporters there will be no benefits

[nwanne]

It's obvious that a lot of people create their own coin because they are greedy and want to make money because of it or because they felt that there are some features they wanted to added to address some problems been encounter by people. Though it is good to have a competition in the industry but let the coin creators back it up with a strong tech not just copy or fork other projects and change name.

[prrlc]

It is change about the person. Someones has a project and they want to do and they need the money for the project. But there are a lot of scammers and cheaters. Because of this there are a lot of coin but i think most of all copy!

[Stervyatnik]

All people want to become rich, so they try to create their projects even if they look like others!

[dificanovi]

they make their own coins because they want to take advantage of themselves too, lots of rubbish coins at the moment because they only want money from investors and they disappear after the ICO ends.

[freedomforever]

Everyone wants to be boss, wants to have own company. This is so similar with that. If you can create your own coin you can earn more. Easy.

[donass1]

Greed I say! Greed! Since people discovered that creating an ethereum based tokens are cheap, there has been multiple influx of scam tokens into the sphere. This is one of the problems of cryptocurrency and which begs for ICO regulations