The Reason For Creating a New Cryptocurrency?

[BlackBeauty]

I believe that 95% of all new coins are for the purpose of making money. To collect money from investors, to give in exchange coins that are not worth it and then forget for a year or more about all around, and then after a while to remember that can still earn this coin and throw it on the stock exchange and still there propampim coin, and then sell it there .... and earn more on this.

Yes many people create coin for their own purpose but some are want to provide alot of benefits to people specially for those people who want to earn extra money for their comfort life and that's why many unemployed people get best job, so beneficial currency is a trusted crypto currency and that,s why the ever best currency is bitcoin. 

[tanzaholzmann]

Every new cryptocurrency project has their own reasons, you can read it on the new cryptocurrency website or you can directly ask the team directly from the new cryptocurrency.

[finlandais]

Yes their is a need for new crytocurrency as technology is improving alot and importance of cryptocurrency is increading day by day so we need some new currency in the market.A new currency with much more advantages and much more benefits is very important in this market.A new currency which will compete with BTC is essential at this time in cryptomarket in order to contribute alot in cryptomarket.

[syarifudin]

because they want to profit from the crypto world
second they want to create coins so they can compete with old coins
third they want people in the world to know crypto more

[Daseento]

To solve a problem. Blockchain projects are often develop to meet a need and they like other projects requires funding, hence, the need to create coin/token and raise money from ICO to execute the projects.

[spongegar]

For one thing, we create products and services in the market because there is a need for it. If there isn't, we create a need for it. Very simple yet very effective. Besides, we don't want a monopoly on crypto currency for the whole world. We want to create diversity and competition so that the market will be healthy.

[jcarlo]

To solve a problem. Blockchain projects are often develop to meet a need and they like other projects requires funding, hence, the need to create coin/token and raise money from ICO to execute the projects.

I am agree with your opinion. Some developers want to build their application to solve problem and make life more easier. Project like lending or financing created because many people dont have access to banks etc

[NewRanger]

Every new cryptocurrency project has their own reasons, you can read it on the new cryptocurrency website or you can directly ask the team directly from the new cryptocurrency.

and some reason does not make sense, and tends to exist to make a project.very rarely projects that can really be implemented in real life.

[Commotheon]

i think that woulde be better so they really filter what is the best ico so all the effort and time will be worth and one also they can monitor how it can really help in the economy of each country because if it will be legalized as will it can be better in the future crypto

I think the reason is people want to increase Trend of cryptocurrencies.More people join it more the value or cryptocurrencies will increase plus they makes projects where people participate and earn money with new cryptocurrencies its gives the profit to developers.

[Rejevunator]

i think that woulde be better so they really filter what is the best ico so all the effort and time will be worth and one also they can monitor how it can really help in the economy of each country because if it will be legalized as will it can be better in the future crypto

We have to spread cryptocurrencies in word wide so people get aware about bitcoins and cryptocurrency. More investor can help to contribute bitcoin price. I've never made any cryptocurrencies nor i invest with any except bitcoin.

[hawkins]

Every new cryptocurrency project has their own reasons, you can read it on the new cryptocurrency website or you can directly ask the team directly from the new cryptocurrency.

and some reason does not make sense, and tends to exist to make a project.very rarely projects that can really be implemented in real life.

there is always a reason to make something new, and of course the reason is to replace the old one, cover up the old shortcomings, or make an altcoin with a new goal. well, even today, there are still many people who design this development.

[Ursuladaughter]

When there is a call for investment from ICOs, these projects are developed by selling their own cryptocurrency. From there the new cryptocurrency was born. However, the existence of this kind of cryptocurrency depends on the success of the project.

[jambul_kribo]

Every new cryptocurrency project has their own reasons, you can read it on the new cryptocurrency website or you can directly ask the team directly from the new cryptocurrency.

and some reason does not make sense, and tends to exist to make a project.very rarely projects that can really be implemented in real life.

there is always a reason to make something new, and of course the reason is to replace the old one, cover up the old shortcomings, or make an altcoin with a new goal. well, even today, there are still many people who design this development.

as long as has good purpose is not matter with us.but some developers make to easily get money from cryptocurrency market.although build fake project.as we know today no good project anymore and most of them was useless.

[Commotheon]

This is my view and reason why many people may wanna try to create a new cryptocurrency. Simply because, they know that they can earn a lot of money once they succeed in this kind of business. It is not concealed in our knowledge that they are really earning money in this field.

Unfortunately there's an other reasons many people makes cryptocurrency just for Scam purpose.They make fake projects and scam people.

[nur rochid]

Unequivocally answer this question will not work. Some organizers want to develop and spread the crypto currency, trying to show all the benefits of its use. There are unscrupulous organizers who just want to make money using fraudulent schemes.

here presence of government is needed, so fake ico can be thrown away. regulation is also needed to give investors and bitcoiners a sense of security, so they feel protected

[ganlianshifu1]

The original purpose of cryptocurrency was to raise funds for the maintenance of the blockchain, but now the cryptocurrency has been targeted by some unscrupulous elements! Many new cryptocurrencies have no practical application at all, just to swindle money!

[CryptTech]

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?

There should always be choice and freedom, people create something new all the time. I believe before the advent of bitcoin there were many attempts to create something similar, but the choice of people fell on bitcoin.
Now perhaps there is a search for a new, more attractive and modern alternative cryptocurrency.
Need time!

[Cliparts]

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?

There should always be choice and freedom, people create something new all the time. I believe before the advent of bitcoin there were many attempts to create something similar, but the choice of people fell on bitcoin.
Now perhaps there is a search for a new, more attractive and modern alternative cryptocurrency.
Need time!

Well if alto of attempts has been done but not yet any of them got success the only thing that got achievement and success is bitcoin, new currency was very important to come in our life because it is not only currency but it is also a source of making money as well so it is actually good thing happened for us, I am sure in future no other good crypto currency will be able to beat bitcoin.

[ricardobs]

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?

Being questionable you say? Is BTC a questionable crypto? What about ETH, BCH, XRP, Dogecoin, LTC, MONERO and the likes of them, are they also questionable? Some people create new cryptocurrency just as a way to scam others, lots of the cryptos you will see today are scam and at the end everyone will lose their money. Having lots of cryptocurrencies is not the solution to our problem, it’s better we have a few that are trustworthy.

[yitzjoe]

the creation of a new crypto currency can be in the form of coins or tokens. generally tokens are made according to the real benefits they build so that users can use crypto directly in a particular field for smooth and easy