The Reason For Creating a New Cryptocurrency?

[paynercash]

most of them are to attract investor to earn huge amount and scam most of new project now are fake but there some developer serious about creating of new coin they think they can solve what the lack of others coin.

Because many people think that calling ICO investments in the cryptocurrency market is easy, more and more new projects are being formed but the majority of them are scam and ineffective. I think there should be realistic and clear goals for creating a project that serves a real field.

[carlisle1]

The growing development of cryptocurrency in the world becomes a very positive thing in this digital era where the use of blockchain-based technology becomes real. However, in my mind, being questionable is actually the reason that many people make and create a new crypto currency?

Almost everything in this world from service to product had been created and offered by ico community so i guess the simple reason for creating copy cat is for sole purpose and this is to victimizing investors that may bite their baits and become another victim..unless the project is unique (that I doubt thers any)no other reason for this

[MuffinMaster]

The growing development of cryptocurrency in the world becomes a very positive thing in this digital era where the use of blockchain-based technology becomes real. However, in my mind, being questionable is actually the reason that many people make and create a new crypto currency?

Cause every crypto has something "original", if it is the copy of other coin it won't make "profits" and won't grow in price but making coins could lead to nice profits and could lead to gaining lot of investors who will believe in your "plan". People are trying to earn in lots of ways and that is one of them.

[gandhe83]

The growing development of cryptocurrency in the world becomes a very positive thing in this digital era where the use of blockchain-based technology becomes real. However, in my mind, being questionable is actually the reason that many people make and create a new crypto currency?

Cause every crypto has something "original", if it is the copy of other coin it won't make "profits" and won't grow in price but making coins could lead to nice profits and could lead to gaining lot of investors who will believe in your "plan". People are trying to earn in lots of ways and that is one of them.

My point. Being a coin now worth to the community, can meet the market. For example: the currency is used to load games, buy online, other transactions, .. That is the valuable money for the community. It deserves to be welcomed by the community. I think so.

[chickenado]

The growing development of cryptocurrency in the world becomes a very positive thing in this digital era where the use of blockchain-based technology becomes real. However, in my mind, being questionable is actually the reason that many people make and create a new crypto currency?

Peole believe in cryptocurrency and they will invest time effort and money on this because as we can see it is really profittable.  But we have to be extra careful because many ICOs are also just created to scam others.

[Vanhoang2000]

The reason for creating new e-money is that we have more and more needs as well as more opportunities to get access to new technologies and that has made the creators create new coin.

[aso118]

Reason number one:For pump&dump purposes.
Reason number two:Exit scam ICO(which is kinda like the first one,but with pump&dump they could pump the coin again and gain aditional profits).
Those are the real reasons.The fake reasons include:instant and cheaper transactions,easy and profitable mining,technology innovation that will beat the crypto competition.

It is sad, but true. Most coins are created so that their developers can benefit financially. We just have to look at all the coins which are considered "dead". Their developers have most probably profited at the expense of ordinary investors.

[rhomzkie26]

The growing development of cryptocurrency in the world becomes a very positive thing in this digital era where the use of blockchain-based technology becomes real. However, in my mind, being questionable is actually the reason that many people make and create a new crypto currency?

Cryptocurrency in our generation now was cannot be deny that it is very trending, and it appears so many because it depends to the developer if

they're intention is to help others or to victim others due to in crypto there is really have a profit/ money, that's all I know about it.

[katelynsk]

1. To support own project ecosystem
2. To raise money on ICO

Why not to use an existing currency for the same goals? Maybe somebody tries to implement a stronger system, more resistant to various types of attacks on blockchain. Perhaps, for others, their own token is an additional marketing move. Or someone believes that the existing solutions are not suitable for their purposes for some reasons.

[drm]

It should be about ideals, trying to improve on crypto.
Unfortunately I believe most coins that release now are made out of greed.

[Aristus]

Blockchain is the good technology for the better system and I believe it will become more useful as we are approaching the future. We can not avoid the people using this technology to create their own altcoin  for the very reason of getting the fund of the investors and then run. Because blockchain technology is not yet regulated globally.

[verita1]

The reason why the ICOs issue their tokens is due it's the best way to raise the money for the purpose of the ICO. It is said that there are 3 types of tokens, as long as you see more ICOs you can check it.

• Equity Tokens,

These are the tokens that will allow the ICOs to enter the cryptocurrency market and the stock negotiation is available to all. We do not need to be a recognized investor to acquire them, it is the token that we know the most.

• Securities Tokens,

Are those tokens backed and are negotiable to acquire exchangeable currencies, real estate among others.

• Utility Tokens,

This token allows users access to a product or service. For example: To activate a wallet you need to activate it with a number of tokens.

[solkinsolali]

It does seems the process of creating a new cryptocurrency is too easy. That is why more and more continue to flood the crypto market everyday. My only concern is that not all are actually good or have a working product or service.

[posi]

The growing development of cryptocurrency in the world becomes a very positive thing in this digital era where the use of blockchain-based technology becomes real. However, in my mind, being questionable is actually the reason that many people make and create a new crypto currency?

The actual reason behind the creationg of new crypto currency by some dev will always two reason. 1) some created new cryptocurrency just to make their pocket rich cause their plan isvto calm their investors off their money. 2) while some create new crypto currency in other to appreciate and edidy the block chain network and technology.

[everythingforsale]

 I'm thinking they're the most common reason to this year new cryptocurrency is ICO project when you just want to achieve the things that you cannot affordr for your money that you have.

[Grayy]

I think most of the cryptocurrencies emerging are as a result of companies and group of people selling/promoting their products/projects through ICOs. Some people have very bright ideas and may need the support of people by raising money through ICOs.

[microwave]

The growing development of cryptocurrency in the world becomes a very positive thing in this digital era where the use of blockchain-based technology becomes real. However, in my mind, being questionable is actually the reason that many people make and create a new crypto currency?

many people create the new crypto currency to the purpose of alternative option to people choosing the best one and making a primary use in the whole world if ever the said currency is the number one choice to people.

[gowobonyok]

crypto is very much in the market, and reason for new crypto? I think it will only make the market more busy and the impact is on the token that will launch.

[Bit_Gram]

1. To create money that will then fill their pockets, as 80% of crypto currencies are
2. To increase BTC or non vapor ware token holdings, as 19% of crypto currencies are
3. To actually innovate, decentralize, or better our world, as the 1% of crypto currencies that actually contain some substance are. For instance ETH with smart contracts, the creation of DAG tech (NANO), or a truly decentralized exchange (Cosmos, 0x, Nex)

[cahbagus555]

Every cryptocurrency created because have their own purpose and utility. Some crypto created for bussiness purpose like ethereum, waves, neo and other. Some created for payment and currency like bitcoin and others. The reason many diffrent crypto created because every crypto have their own advantages