New coins daily.. How do they do it?

[pishite]

There are many industries where blockchain really needs to be applied, many coins are good for functionality(smart contracts, small commission). Deception is enough but every day its less.

[Quantum907]

I think they made coins or tokens when the market rising or in 2017 ago, unfortunately when the project was finished and they marketed market drop coins, this is what makes the market red until now.

[Betwrong]

I think they made coins or tokens when the market rising or in 2017 ago, unfortunately when the project was finished and they marketed market drop coins, this is what makes the market red until now.

Whether the market is red or green, new coins are added daily, as OP has pointed out. Some of them are going to be successful projects, but those are rare. The vast majority of the newly added coins/tokens are going to be dumped to the point they have no value at all. That's why people have to be careful while investing in new altcoins, and they should avoid that activity completely if they are new to the business. Promises of high returns are nothing but red flags, and such projects must be ignored.

[bitcoinst]

It is not necessary to conduct a successful fundraising to bring your coin to the market, many projects speculate that they invest their own funds in their own project, which leads to an increase in the volume and allows you to pass listing on the cmc.

[semobo]

There are many industries where blockchain really needs to be applied, many coins are good for functionality(smart contracts, small commission). Deception is enough but every day its less.

All the projects were created for the real life purpose or just to be another bump and dump coin?

For me it feels like all the tokens were just to create some profits in short term.

[Cellerex]

Unfortunately, for the majority of projects that appear on the market in dozens, there is neither an idea nor a technology ... Just another fork of forks taken from the GitHub. The industry needs something new and unique. Everyone is waiting for the coming of a new mega project. And I think that this will soon appear. In the meantime, of all the newbies, I was interested only in the Sound Money Coin project. The guys have their own idea, their own concept and I am pleased that such projects appear.

[IndianaJons]

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?

Now it is very easy to make a new token, just enough knowledge in programming to release your own token with the help of smart contracts of Ethereum. It is much more difficult to attract investors to your project. For this, you need a good idea.

[Cosbycoin]

You got it all wrong ,for a coin to get listed on cmc it has to reach cmc target ,those coins and tokens you seeing getting listed everyday ate not new coins ,they have been in line until target for cmc is met

The way the new cryptos get added on the coinmarkets is they first do the ICo then when they get the soft cap they can get listed on the exchange. This is why you see them happening every day.

Coinmarketcap also has an incentive to list more coins because for them it means to have more traffic from people who follow these coins.

Do not worry about how do they do it. Many of them are just scams and majority are low valued coins that have little potential which obviously will take more time to give little returns. This is the reason that the bear market wiped out all the zero potential coins out of the market. Yes about the rush of users on the coinmarketcap, you are right. They would encourage a lot and of ICOs and Coins to jump in for they have the incentive to make money.

[fulcare]

Will be good if this new coins will bring something revolutionary, but as i see none of this or all of coins i see until now that get on cmc this year don't bring nothing new like other coins do in past (0 fee when send, instant confirmation, create token on coin blockchain).

But they demonstrate an important fact and that is that it is not trivial to build communities that are distributed worldwide and willing to use one currency. Many different people have many different interests and many different tastes. Nobody knows with how many cryptos we will end up one day.

But Bitcoin is more than enough to fit in to diverse interest or taste you talked about and I for one don’t really see any need to create more coins because most of these new coins end up affecting the market and defeating the objective of the blockchain technology.

You will see an ICO come up with a project and after getting the attention of people that ought to have invested in already existing stable coins to invest in them, they end up collapsing and as a result of that poison the mind of people that would have embraced the currency and use if more often for it to get the value it aim to get.

More coins with the same technology is not needed, but more coins with a diverse set of technologies for different purposes means progress and choice. Also it means that those dominating a network for example with mining power have to be afraid that users switch to another coin if they abuse their mining power. Having some competition is important.

Exactly . we dont need copy cats , we just need unique coins with different approach but unfortunately this isnt easy to do thinking that the crypto market is alreadt bloated with good coins . currently we already have thousands  of coins and when someone make a coin , it will be tough for them to stand out in the competition  . better if the devs will only foccus ln improving the coin instead of creating another coin that doesnt have any purpose  .

I think we don't need different coins, we need strong collaboration between teams. That's what helps the industry.

[Callanta787]

You got it all wrong ,coins or tokens that got listed on coinmarketcap are all on queue to be listed on cmc ,its not always easy for new coins to get listed on cmc ,they have to meet some target ,have better volume and trading on exchanges before cmc can list them

[chocopapaya]

Well, the simple answer is they aren't doing it.
You should look up the details of how cmc works, you will realize that the numbers you see aren't very accurate at all.
In fact, it is all pretty much unreliable, especially the market caps.

Besides, those marketcaps don't represent how much money they made, not at all.
It's not like people are just making money out of thin air.

But you know, crypto is based off of blockchain, which is open source and distributed around the world.
Which means that anyone can join in to use it or even create one.
So you can definitely go make your own coin or token whenever you want.
Hell, all you need is 1 wave to make one on waves platform if you wanted lol.

[criket]

You got it all wrong ,coins or tokens that got listed on coinmarketcap are all on queue to be listed on cmc ,its not always easy for new coins to get listed on cmc ,they have to meet some target ,have better volume and trading on exchanges before cmc can list them

not all of them enter there, some even on coingecko and not registered in cmc. too many new coins, and most with the same concept. few of them come with unique concepts. mostly gambling, games, exchanges, and smart contracts.

[DGulari]

You got it all wrong ,coins or tokens that got listed on coinmarketcap are all on queue to be listed on cmc ,its not always easy for new coins to get listed on cmc ,they have to meet some target ,have better volume and trading on exchanges before cmc can list them

What you said is true, i ever heard from someone if a token needed to be listed in min 2 exchange sites which listed on CMC and at least has $10k daily volume to be able listed on CMC, but there should be other requirement from CMC to listing a token on their site.

[Pffrt]

They are doing it because we people are so stupid that we invest in anything we find, no matter about the project. Some platform like ERC has made  it easy to create a coin, anyone can do that.

[waynechong1995]

You can't stop people from trying to chip in the market, its too rewarding, among billions of people knowing crypto certainly a number would like to startup, and attempting for entry. It was easy to complied with CMC methodology though. Still I would say CMC should just categorize these new projects on another sections to allow viewers to differentiate the timeline between projects along with their recent data.

[tortellino]

right, a lot of scam projects outside, difficult to have a clear view on real promising and unique projects! U have to dig deep to find the right ones.

Maybe u wanna look for one beside the "mainstream", with no premince and a 100% community governance, cold staking rewards. Mainnet is live since 4th of june.

There are a lot of infos out there for DeVault, e.g. at https://twitter.com/DeVaultCrypto. It´s flying deep under the radar at the moment and in very early stage, but a look at it is worth the time. Traded a small exchange at the moment near its low, so a starting position is cheap: https://www.southxchange.com/Market/Book/DVT/BTC

Very informative homepage is live where the key information about the project are shown: https://devault.cc/index.html

[alian17]

Nowadays new coins or tokens can be easily made. The cost is very low. If a coin or tokens succeeds, a very substantial profit can be made. The CMC lists coins or tokens that have already been traded. I believe that there are many coins or tokens made every day. Everyone wants to make money by issuing tokens or coins. However, most of them will disappear with the development of the market. Ultimately, those that are valuable and invest heavily will remain.

[imstillthebest]

They are doing it because we people are so stupid that we invest in anything we find, no matter about the project. Some platform like ERC has made  it easy to create a coin, anyone can do that.

They are doing it because we people are so stupid that we invest in anything we find

we stupid ? no not all . not all are stupid to invest or buy anything that they see no matter how legit it is because not all have a cash and some of us do only have a favorite and we only stick to it  .

Some platform like ERC has made  it easy to create a coin, anyone can do that.

erc ? i didnt know that erc was a platform because what i know is erc is only a root name for erc20  coins/tokens    . what i know is that waves and etherium are the ones that used to create a new coin  .

new coins daily is not impossible . they either pay for it or make it by themself for some purposes  ( ex. for profit , for collection  , etc .. )

[aioc]

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?

That's because it is easy now to create a token using ethereum smart contract or waves or any other token creation platform, if you have at least $5000 you can set up your own ICO and you can make a profit, over and over and again, and somethese projects are duplicate of existing coins or failed project.

[tortellino]

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?

That's because it is easy now to create a token using ethereum smart contract or waves or any other token creation platform, if you have at least $5000 you can set up your own ICO and you can make a profit, over and over and again, and somethese projects are duplicate of existing coins or failed project.

yeah, but the market isn´t that dumb...a project which is just vapoware will get catched very soon today when more funds and institutional investors get aware of crypto projects!