Why are there so many tokens?

[KuromaYoichi]

I just don't understand why people are creating a lot of tokens even if there are a lot of it already? Will these not affect the value of Altcoins?

Because it is easy to create one and it doesn't cost much. If there's no value in that token then it won't affect other altcoin. It is hard to make valuable token, you have to have a great concept, plan and ability before people willing to follow your project.

[GreatArkansas]

I just don't understand why people are creating a lot of tokens even if there are a lot of it already? Will these not affect the value of Altcoins?

Because they just want to scam more people with their new token. They are creating new tokens then some people will contribute or donate, then after that they will abandon the token. Most of airdrops now is like that.

[dwiwiw]

because token was easy to made, so many airdrop form using their custom token they have created. affect the other altcoin price ? i think no, every altcoin have its own characteristic and price

[mhayandal]

there are a lot of tokens that some ICO and bounty campaign create, maybe because they want there token becomes different from other token have,but some of them is no value yet in the board we use to wait the value of it and think that it has a higher value to get more profit from it.

[francesyrus]

I just don't understand why people are creating a lot of tokens even if there are a lot of it already? Will these not affect the value of Altcoins?

They creating more tokens simply because they wanted that someday they will develop altcoin that could be like bitcoin in the future. Some creates tokens (ICO) just to earn money....

[ajmapalo22]

This maybe a preparation for digital currency economy of course if we will be using bitcoin as our main currency establishment must adopt with, If you notice there are grab cars that will accept bitcoin, others like mobile shopping, car insurance and many more I'm sure when bitcoin become legal these tokens will also become a big hit and many will start using it

[Pawalkalyan]

Yes but all coins wont exist.Many will die

[thesmallgod]

I think the reason why there are so many token is because it is easy and cheap to create especially on ethereum. in fact i have seen some thread on services announcement where members are offering to create ethereum token for cheap amount of money. however this will surely affect the price of other tokens because ones there are many tokens created then tokens sales is not monopolized which means money meant to be invested on one token may be divided to invest in many token

[DySWv]

Because there are a lot of ICOs. Every ICO has their own token. Tokens really not affect the value of alternate cryptocurrencies. It is the value of Bitcoin that has a huge effect on the value of every alternate cryptocurrencies. Having too many tokens in the world of exchange is not a problem at all.

[Lando0821]

They are creating more tokens because they are hoping that thier token will be like bitcoin someday and some of the token are having a great value.

[Darmold]

People want money, it is a simple thing.
They create something and expect something back even when it is a scam.

[Gens09]

I just don't understand why people are creating a lot of tokens even if there are a lot of it already? Will these not affect the value of Altcoins?

as you can see in the forum you can see a lot of bountiiies is being created just in this forum it is bbbecause of the big amount of money that can be earn in the ico like what is happening in the bitcoin ethereum and other ico this s where the token and coiins iis being created i guess soo  guess because oof the funds they can earn it is really a great idea of make tokens and surely if you were lucky i guess iit will be a great token and you can get a great amount of money.

[Millinillion]

There are 2 ways to create a token, both very simple to implement. The first one is to use an existing platform like Waves, or Ethereum (costs about $5), the second one is to create a BTC clone (which requires you to edit a few simple lines of code), as the member megynacuna said above. Because it is so easy to create a token, a lot of people do it and like to experiment with it. However, only a few of these tokens have been profitable after their ICO , see (Lisk, PivX , etc).

[Alfredjohn]

the reason why there is more token because many cimmpy need to invest there site or program.

[kucritt]

a token made by developer because they want to create a startup i think they need the investor to invest on them to make the startup, so they makes ICO happen to offering about public about their coin. after people know about their coin the vavlue of the coin is increasing and the investor will get the profit

[leonair]

I just don't understand why people are creating a lot of tokens even if there are a lot of it already? Will these not affect the value of Altcoins?

Because each and every token has their own purpose, tokens are being offered in the market for a specific purpose like trading stocks a token has a business to support and it is used for that business either as a share or a currency. Expect for more and more tokens that will be released and if you are planning to join an ICO make it sure that it is a legit one.

[NRF]

In my opinion, More and more people want to use ICO to make money. However, there will be a little of them are really a good project such as Wepower

[Creative person]

Lol, cause every want to earn money)
Every man will have his own coin and will not be able to trade it)) lol

There are a lot of same tokens, only with different names..this market isnt under controll - so everyone can make his own coin without troubles, why not? (i dont do that). But i think that it has sense only if it is really in demand.

[Swopon]

It's super easy to create a token.People just pay a little amount of ether and then create a token.Generally most of them are just scam.People create token because maybe they want something return

[Jerry Patterson]

Nobody will invest into a new token so they have to give them away via airdrops.

The more tokens there are, more dilution of credibility there will be!