New coins daily.. How do they do it?

[joeperry]

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True, being listed on coinmarketcap is not easy there are some requirements needed in order for your coin to be listed and let's say it's easy to create your coin but if it's hard to create a project on where you're going to use that coin and I think every coin has their own uniqueness based on their use, etc. so if you have a project that's different than others and can solve a certain project (for example anonymity of messenger, etc) then it would be easy for your to get an investor... but if you're just going to make a project with the same concept as the others... then don't be surprised if you don't find any investors.

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[leslie4u]

Currently, CMC is only looking at the volume and the exchange that the coin is listed on. New coins are released everyday especially token because it is not that difficult to release tokens. When it comes to coins it's mostly a clone of Dash or Pivx with some twist in it. Like mentioned by previous members, not all coins make it to CMC yet do better simply because the community believes in the project. On the other hand, there are projects which are listed in CMC yet they do not do wonders.

So before investing our hard earned money, nowadays we need to do a lot of research unlike what it was a few years back.

[Thanasis]

If you go to www.coinmarketcap.com/new/ , you will see that there are new coins added EVERYDAY..
and they have a decent market cap worth 1000's of dollars..
How do people just make there own coins that easy? and how are they raising so much money??
i mean like, whats stopping a normal person like me, doing the same thing.. just making a random coin and making thousands of dollars??
this is so stupid.. what is the need for all these useless coins?? when is it gonna stop?

Nothing is stopping you from creating your own coin,if you know how to do then just do it or you can even hire blockchain experts to create your coins but making it into valuable is not much easier,you need to find the investors for it first and then need to develop it and lot more.

[coin-investor]

If you go to www.coinmarketcap.com/new/ , you will see that there are new coins added EVERYDAY..
and they have a decent market cap worth 1000's of dollars..
How do people just make there own coins that easy? and how are they raising so much money??
i mean like, whats stopping a normal person like me, doing the same thing.. just making a random coin and making thousands of dollars??
this is so stupid.. what is the need for all these useless coins?? when is it gonna stop?

Actually you don't need skill or a coder to do this, you only need money and communication skill, to organize an ICO, of course, money talks you hire coin or token creator, you hire promoters or community manager, you hire people to write white paper and create website, all you have to do is to organize thing and accept payment that's it that easy.

[Queen_Amber]

hmm ok. thanks guys. i read every comment and i have a little better understanding now.

[sempak]

Creating a token or starting your own copy cat coin is nowadays as easy as that a high school boy can do that. So, it's normal that thousands of coins are there but problem is everyone is shit.

making tokens is very easy and almost everyone can make it, but indeed it's just an average test. and in my opinion it's not a problem they are doing a trial

[PuertoLibre]

Every coin has its own potential but creating useless coins are a bad experience in this industry. Lack of organization on ICOs doesn't let to investors to understand the continuing processes. Creating a  new project is a running process and not simplistic. Sometimes they copy from other projects and introduce it as a new idea to investors.

[strunberg]

Every coin has its own potential but creating useless coins are a bad experience in this industry. Lack of organization on ICOs doesn't let to investors to understand the continuing processes. Creating a  new project is a running process and not simplistic. Sometimes they copy from other projects and introduce it as a new idea to investors.

i think now creating own coins just to take own benefits from investors in cryptocurrency market.no more seriousness to create high quality projects.and unfortunately more and more fake developer trying to create projects that actually their tokens/coins useless.too many similar concept in new projects.

[rosmerius]

At this time it does look like they have a lot of coins and are willing to create their own coins so that the benefits they get for themselves, this feels smart and is able to do it independently. We can only see what they are doing will have a good impact on them, and for us, it is possible to be able to choose and research so that we are not trapped.

[The Cryptovator]

this is so stupid.. what is the need for all these useless coins?? when is it gonna stop?

It will never end. Everyday launching many ICO's and some of them getting success so they will list it on CMC. And it's not very easy to list on there because you have to meet minimum criteria like minimum volume etc. And raise fund isn't too easy, investor's are not fool anymore. Lot of scam exposing lately, so if you don't have potential concept and team then you aren't going to raise money successfully. If it were very easy then everyone would try to become rich.

[flyingcat]

You should know that not all cryptocurrencies are listed on Coinmarketcap so the real number of cryptocurrencies are much bigger because only cryptocurrency with high trading volume will be listed on Coinmarketcap. Beside if you take a look, it's not daily, there will be new coin listed on Coinmarketcap whenever it has enough trading volume.

[Saisher]

Creating a token or starting your own copy cat coin is nowadays as easy as that a high school boy can do that. So, it's normal that thousands of coins are there but problem is everyone is shit.

if you have $100 you can have your own token and a whitepaper for your project, this is a very cheap for a start an additional $400 you can launch your own ICO you can hire people on the service section or on Fiverr to be part of your team and create your website, you do not need to spend more on bounty campaign you have your token to give away, that's how easy it is.

[zhekinsp]

Most of the people create an ethereum based token and start launching their ICO but it really not a project to invest the team will run away with your money so never invest on the ICOs if you don't know how to evaluate it.

[traderethereum]

If you go to www.coinmarketcap.com/new/ , you will see that there are new coins added EVERYDAY..
and they have a decent market cap worth 1000's of dollars..
How do people just make there own coins that easy? and how are they raising so much money??
i mean like, whats stopping a normal person like me, doing the same thing.. just making a random coin and making thousands of dollars??
this is so stupid.. what is the need for all these useless coins?? when is it gonna stop?

Who doesn't want to make a profit from creating new coins? I guess if someone has a skill in crypto and he can create the coin, he will use his skill to build the team, developing the project, promote the project, make an offers to the investor. We cannot stop them from creating a new coin because they have free to create the project. But the truth is if their project cannot give benefits to people, I don't think that their project is worth.

They were raising much money from the investor, and we know that the investor is thirsty for making a profit and they will join with the project if the project is very good for them. I think that coin will help traders to gain more profit because when the coin get the list in the exchange, every people who have that coin wants to see the price is at the higher price so they can sell it for making the profit.

[clonely]

It's not that important to be listed in the CMC. There are about 2100 crypto currencies listed in the CMC. However our consideration is no more than 250 pieces we received. Therefore, we need to consider market data rather than CMC coin/tokens amount.

[beerlover]

If you go to www.coinmarketcap.com/new/ , you will see that there are new coins added EVERYDAY..
and they have a decent market cap worth 1000's of dollars..
How do people just make there own coins that easy? and how are they raising so much money??
i mean like, whats stopping a normal person like me, doing the same thing.. just making a random coin and making thousands of dollars??
this is so stupid.. what is the need for all these useless coins?? when is it gonna stop?

This kind of mentality is what is making a lot of scams coming out with ICO’s just to raise money, you can actually start your own Initial Coin Offering too provided you have purpose driven project that you are passionate about but the challenge with these new coins is that some of them, at 60% of them end of parking up due to lack of proper management and strong team.

Those coins are actually not necessary, well I really blame decentralization for paving way for this, no regulation of any sort at all, too many of these coins are reason why block chain technology is still not embraced, we would have rather embrace one or two of these coins so it can have more effects on the economy.

[pat25]

Welcome to the world of cryptocurrencies where everyone can easily create an idea and if he finds some people that will follow his idea, then the coin is created and have its own community.
I love cryptocurrencies thanks to this possibility. 

[tabas]

It's a problem that keeps on coming everyday. There are developers that just do it for fun and some are hoping that their coins are going to be great one day so they never stop doing it. Bitcoin will stop these coins once people understands that there's a need to support one coin for all and that is through bitcoin.

[electronicash]

no one is stopping you from creating your own coin but making people use your coin is the real challenge here. being listed on coinmarketcap means your coin will have a volume of more than 10K USD not to mention you will have to pay for it to be listed to an exchange. its not that easy but you can try. my suggestion is to just fork a coin after all its much easy to do.

[criket]

no one is stopping you from creating your own coin but making people use your coin is the real challenge here. being listed on coinmarketcap means your coin will have a volume of more than 10K USD not to mention you will have to pay for it to be listed to an exchange. its not that easy but you can try. my suggestion is to just fork a coin after all its much easy to do.

there's not much we can do to make the volume of coins we have to grow. until now the market response is needed on the performance of the developer. if the platform develops well, I think there will be an increase because it is a new coin.