Why creating more coins.

[Callanta787]

I believe the more coins are released the more new ideas will be bring into crypto ,for example originalmy which introduced getting married through blockchain ,same sex too and Mask is the first coin with mix 20 ,better than monero so I'd say we are advancing

[1714868123]

1714868123

[Wind_Crypto]

this is because in any decentralised mkt, new teams always have the right to jump in the game and compete with existing players...i guess what we need is some way to judge each token more conclusively for what they are -> useful tech/middling token/scam.

[futuristishe]

Each coin has its own purpose. Each ICO can represent its product and its services.  Therefore, each time the platform is released, the token can be used in the platform.  Therefore, we need our own tokens for our projects!

[dagelan]

actually they made new ico just because they were tempted easily to obtain capital facilities through ico, and unfortunately it was widely misused

[cupic]

we need more coins!
definitely. but in this market, it's too easy to create a new coin. no need anything but few knowledge about IT. just copy source code of another coin and pump.
just tricks of scammers.

[Iykecollinz]

The current market situation has humbled most developers, it is no longer business as usual as a lot of most projects finds it hard to raise the required fund through ICO. This will however reduce the number of new projects and therefore bring more credibility to the market as only those that are willing to prove themselves and grow gradually will be trusted. It is time to do away with garbages

[Cocoincos]

every company and project needs own coin , but they need to to support this coin after ICO, but the most of projects dont do it

[maemunah]

Because there are many different purposes. Many projects and inventions do not yet have their own coins. also this is done with the purpose of earning money

it's true that most of it is to make money by setting up new coin coins, so now there are lots of new coins in any market but there are still lots of new coins that break up in the middle of the road too

[AndRE177]

Because there are many different purposes. Many projects and inventions do not yet have their own coins. also this is done with the purpose of earning money

This is done primarily for the purpose of receiving money. No matter what anyone says about good goals and helping people, all developers make projects primarily with the goal of making money.

[heritage35]

There are still more coins that will be created, because there are lots of projects yet to be lunched and some of them are preparing to do that. Although, my main concern, is seeing shitcoins in the crypto space, which has to be reduced to the barest minimum or completely eradicated.

[QueenCryptomarket]

Launching coins on the market is not technically difficult. Going to a crypto exchange is also not difficult. The main thing is to have a strong perspective project for successful investment. I believe that the emergence of many new coins has a positive moment for the development of the crypto market. It's okay if there is also a very large number of coins in the basket. Competition will lead to the evolution of cryptography. This applies to any area of humanity. I'm sure investors will benefit in the end.

[aces777]

The best reason I can see for people creating more altcoins is for them to make money from it, now a lot of coins are getting a lot of support from people and with so many people who are willing to invest in them. So people are creating the coins as a way to get rich from it and honestly a good amount of the coins are driven due to greed

[Mary89]

I think, first of all the consumer is guilty, that is we. Why buy these coins, why create demand and not work with the main ones.

[hubballi]

Everyone wants to create his own coins according to their projects, where they wish that their projects needs fund so they create coins and get funds to run their projects. but in this 50% of them are just scammers who dont want to work on their projects and just run away with the investment they got for their projects due to it the real genuine projects are not getting the correct investment they need.

[JeromeL]

The best reason I can see for people creating more altcoins is for them to make money from it, now a lot of coins are getting a lot of support from people and with so many people who are willing to invest in them. So people are creating the coins as a way to get rich from it and honestly a good amount of the coins are driven due to greed

With the advent of ETH and its smart contracts, it became very easy to create new projects. Therefore, everyone who has the desire to make money began to do this. Of the hundreds of new projects, only about 10 percent of projects are worthy of attention.

[nutriagrigia]

I think, first of all the consumer is guilty, that is we. Why buy these coins, why create demand and not work with the main ones.

Well, because people buy a lot of altcoins for future perspectives. Altcoins always offer those properties which the basic coins cannot

[nwanne]

Well cryptos is a decentralized system and that's what you see and witness in a decentralized system, anyone can make new coin, it is the community and masses that would attach value to it.

[Gatsby club]

A person who proposes to combine various coins that have similar functions most likely does not understand cryptography or smart contracts at all, otherwise he must well aware that sometimes this is impossible and unnecessary task, the solution of which will not give any positive for us.

[maxilopez]

I believe that the need for a new coin is only if the project is really unique

[Slark]

I think that many of the coins that have been created this year are just a way to make money, as nothing new has been proposed.