The Reason For Creating a New Cryptocurrency?

[SaraMartin1212]

Possibly, the creation of a new Cryptocurrency is to rebalance the crypto market. At present, the number of crypto in the market is very large, but the value of each type of difference is very high. The creation of a new coin must be done at the same time to create the trust for users to receive the trust of the investors.

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[Kang Bahar]

I think, there are 2 reasons:
1. A project that had great ideas and concepts that can be implemented on blockchain technology which is very potential to have a bright future, which we are did not imagine it before. They will need a huge capital to develop their products to becomes real in order to be used publicly, as they promised. Then they will raise funds through TGE, ICO, etc.
or
2. To enrich themselves in a way to make a fake project with the nonsense ideas and concepts on behalf of blockchain technology.

[Eleanorrussell64]

The main reason for creating new cryptography is the change and improvement of electronic money technology, and the is still profitable.

[Johnyz]

Possibly, the creation of a new Cryptocurrency is to rebalance the crypto market. At present, the number of crypto in the market is very large, but the value of each type of difference is very high. The creation of a new coin must be done at the same time to create the trust for users to receive the trust of the investors.

That's not the case we saw a lot of coins everyday because a lot of people wants to do business here and its not about re-balancing. Actually, some of those coins are here to scam people, they created that coin for that purpose. For me, if you really one a good business then create a platform that is really useful so you can survive in this market.

[itsik78]

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?

No successful cryptoproject created a coin for the sake of coins (except for fraudulent schemes) Except for the latter, there are several reasons for creating:
First of all, the development of a new system
Another option is that the creator of the future crypto currency invented some new form of exchanges or an algorithm capable of further protecting the digital ecosystem
Owners of online games in the future can actively create their own crypto-currencies

[KrishaBitcoin]

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?

Most of the business tycoon sees that creating an ICO and their own Crypto currency is an opportunity that can't be miss so i think they are grabbing this opportunity because of course to earn more money but unfortunately some of them abused it by creating new currencies just to scam people or just to collect lump sum amount of money for a none potential and not feasible projects.

[Sled]

I think the main reason for creating new cryptocurrency is not always about solving a current problem but just trying to maximize their profit making opportunity because if they can create a cryptocurrency and create an idea that can be sold for a lot of dollars then they will do it without minding if they are really serious for the future of their project.

[Vashti]

There still things that is needed and looking for solution is the best reason why  a new token or project is needed to be created

[lungu113]

To create more tradings and also use it as pumps & dumps. More cryptocurrency is the hard to make the other price rise up.

[Siren]

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 real reason?they are just creating this new cryptocurrency to scam investors,because in reality most of the service and product that can be offered by the ico has been active already meaning the ico that is trying to build nowadays are just copycat and design to mislead people and become a victim of their greedy actions,so dont mind those newly opened unless you are capable enough to analyze the reliability of each project

[farosa]

There have more than 10k digital coins and approximately 500 of them are more useful. And if you look more carefully, 200 of the 500 are more useful digital coins for humanity. Unnecessary coins are also growing and I do not think it is good.

[baricuri]

The main reason is that they need capital to carry out a project, and they issue tokens to raise funds for the project they are working on, the main reason for them to come out with just one tokens.

[jonhsongotti]

Each type of altcoins is created to solve a certain problem in life. In addition, each type of coin has certain advantages and limitations, so more and more coins are born to overcome.
But lately there are many ICO projects to scam and steal money from investors. Therefor, you should be very careful.

[Fatanut]

There have more than 10k digital coins and approximately 500 of them are more useful. And if you look more carefully, 200 of the 500 are more useful digital coins for humanity. Unnecessary coins are also growing and I do not think it is good.

Let's discuss how we ended up having this much digital coins. First, it's easy to create an altcoin. You might even be able to create one yourself, or maybe a couple hundred. The problem, though, is that how are you going to put value into this coin. For that, you're going to need users of that coin. You need to create demand. Thus, an ICO. But of course you can just create a coin and not do an ICO.

I really think that we should consider the dead coins as.. dead. Not all ideas will be useful to the world. Not all coins will have enough audience. And not really all coins were made to be useful. Some were made for the devs themselves, so they can earn money from it. Some ideas for a coin are just useless while some are just not for this year. People just don't need it, YET. Just like the world that we live in, wealth distribution is also imbalanced in the cryptocurrency world. Some coins might not serve any real purpose at all but still have a good volume. And some coins can have actual use but have not much volume.

These days, ICOs have become so common. So common that even scammers have joined the party. Look at the altcoin boards and see for yourself how much fake ICOs are there. Backread and you will easily find a bounty thread where the participants are saying that they didn't get paid or that the coin didn't have any value when it got listed to a trading site.

[virendarnagpal]

Although there have been certain scam ICOs there have been a lot of cheaters.  But there have been some good honest ICOs too.  Cryptocurrency will replace stock markets in the years to come. 
Honest teams will put their pressure in result oriented balance sheets.  then the boom period for crypto will start.  Entrepreneurs will make extra efforts to show good results so that they may collect more funds for further expansions.  If they will not show good results; no one will give them a penny.

So the future is of crypto.

[miyaka26]

foremost reason and the number one reason why they are creating cryptocurrency is to make some profit out of that coin and it follows by their other motives like scamming, pump and dump, real and promising product development that solves a certain problem that gives its coin holders some benefits and profits, a lot of them are just greedy and money grabbing people small portion are hidden gems good for long-term investments.

[Betheng10]

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.

Exactly!

But being on the positive side, a lot of new cryptocurrencies have been developing as it tend to adapt convinience for their customers. That is, if the project is also a success which most of them are much alike and lacks uniqueness.

[Vs225655]

Blocchain showed himself very cool. People will continue to create new cybercriminals because this can be a good way to earn. Here, it seems to me that the problem is that these new currency percentages with 30% or even more do not even go to the stock exchange. But they are just divorces for the investor to raise money and run away.
Here, as for me, there is a big problem that can ruin this market. But it seems to me that I still need a little bit of time for people to learn how to dump the project. And then we will all really make good money with you.

[dev9t9ok]

Well, it is not an offense that participants and companies issue their own tokens, coins and do an emission of cryptocurrencies. In this case it is private money which can be compared with shares on a stock exchange. I know why you have asked this question because everybody in the modern world have got used that everything is evalued  in dollars and we do not face with private money at all that is why we do not understand reasons of creating much currencies because actually we have only dollar as a currency and we do not have experiences of having plenty of currencies in a typical life.

[slyfox]

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?

Most developers create a coin to make money for themselves, they do not care about the long term prospects of the coins they are creating, they only care about themselves this is why it is getting more common to hear people say things against icos since the developers and speculators are getting rich while everyone losses money and this is simply unsustainable.