Why haven't anyone created a crypto currency name Merit yet?

[wxa7115]

Lately i been looking into altcoins more and more since I have got some more money in my life and want to make more investments then only in BTC.
One thing I was wondering is why nobody yet have created a crypto currency under the name "Merit" yet.

it's many smart people on this forum with a lot of knowledge about things like this and I think it could be a good currency to create.

You are underestimating those scammers, if there is not a popular coin with the name “merit” right now is simply because they could never make such coin to become popular, not because those scammers did not try to take advantage of every single thing, as they always do.

Now about the merits of a “merit” coin, I disagree with you, there is not a single reason why a coin like that should exist and the only ones stand to benefit from such coin are its creators and no one else.

[yazher]

This community is for Bitcoin, and they won't going to create their coin because they are supported Bitcoin purely from the day this forum was created until now. Even though many altcoins have been made throughout these years, the admin and the veteran users don't want to have their coin in this community and want to stay like that until now. Most users assume that they are incapable of doing so; they are wrong because the famous users that we currently have in this community are monstrously knowledgeable about crypto, and they can create it quickly and promote it effectively in just a short period.

[hitsnorth]

Then do it yourself. But I don't see huge potential in it, it would be understood only by users of this forum, and I don't really know what actual use you could make from this coin besides memes and all.

[radjie]

Lately i been looking into altcoins more and more since I have got some more money in my life and want to make more investments then only in BTC.
One thing I was wondering is why nobody yet have created a crypto currency under the name "Merit" yet.

it's many smart people on this forum with a lot of knowledge about things like this and I think it could be a good currency to create.

The name may be quite familiar with this forum, but it is not necessarily attractive to investors because the token marketing target that has just been launched by the developer managing the new project is of course not only in this forum but on various social media. Of course, the unique name regarding the purpose of the token must be adjusted  so that it can attract a lot of investors in various circles of society so that it doesn't become a joke coin that won't last long

[QueenVera]

Lately i been looking into altcoins more and more since I have got some more money in my life and want to make more investments then only in BTC.
One thing I was wondering is why nobody yet have created a crypto currency under the name "Merit" yet.

it's many smart people on this forum with a lot of knowledge about things like this and I think it could be a good currency to create.

What'll be the purpose of the token, merits are only valuable on the forum and useless outside the forum therefore I didn't see an reason why we need a token that can't be used on the forum called merits. The forum is a Bitcoin forum and that's the only acceptable coin here. Unless you're talking about just a meme coin then that's understandable
If you were to create a meme coin names merits, you'll need lots of marketing and publicity to get the community to accept it. Memecoins like Shiba Inu and Pepe coin did lots of marketing in thousands of dollars been spent to get to where they're today among the top traded coins and have lost of marketcap above other well known projects in the market.
If you're looking for coins to invest for the next bull market then search for coins with fundamentals and not those getting hypes. Any tokens called merits that's exiting or that'll exist in the future should be avoided because they're not in affiliate with the forum. Most high ranked accounts on the forum hate altcoins and won't want anything to do with altcoins.

[JeffBrad12]

you need to first create meme coin with merit name and then if it hits popularity the other will follow.
the pattern is always new coins following the already existing meme coins that gained massive popularity and thats it.
moreover the name merit doesn't seem that interesting for a coin honestly, and why should it be named merit is still honestly beyond me, it just doesn't feel right.

Lately i been looking into altcoins more and more since I have got some more money in my life and want to make more investments then only in BTC.
One thing I was wondering is why nobody yet have created a crypto currency under the name "Merit" yet.

it's many smart people on this forum with a lot of knowledge about things like this and I think it could be a good currency to create.

You are underestimating those scammers, if there is not a popular coin with the name “merit” right now is simply because they could never make such coin to become popular, not because those scammers did not try to take advantage of every single thing, as they always do.

Now about the merits of a “merit” coin, I disagree with you, there is not a single reason why a coin like that should exist and the only ones stand to benefit from such coin are its creators and no one else.

true, there's just no benefits at all, why focused in name instead of functionality, if its just name everyone could literally deploy the same token over and over again but what matters most is the functionality and innovation.

[AmoreJaz]

Lately i been looking into altcoins more and more since I have got some more money in my life and want to make more investments then only in BTC.
One thing I was wondering is why nobody yet have created a crypto currency under the name "Merit" yet.

it's many smart people on this forum with a lot of knowledge about things like this and I think it could be a good currency to create.

What'll be the purpose of the token, merits are only valuable on the forum and useless outside the forum therefore I didn't see an reason why we need a token that can't be used on the forum called merits. The forum is a Bitcoin forum and that's the only acceptable coin here. Unless you're talking about just a meme coin then that's understandable
If you were to create a meme coin names merits, you'll need lots of marketing and publicity to get the community to accept it. Memecoins like Shiba Inu and Pepe coin did lots of marketing in thousands of dollars been spent to get to where they're today among the top traded coins and have lost of marketcap above other well known projects in the market.
If you're looking for coins to invest for the next bull market then search for coins with fundamentals and not those getting hypes. Any tokens called merits that's exiting or that'll exist in the future should be avoided because they're not in affiliate with the forum. Most high ranked accounts on the forum hate altcoins and won't want anything to do with altcoins.

though the population of forum users is big, it is not justifiable to create one as you need to consider about its long-term usage. and that will confine its usage to the forum unless, the team that will create will find a way how to market it outside the forum and find a good use case. even if there are so many developers of coin in this forum, they need a tangible reason why they want to create the project itself. also, the funds to sustain the project is the usual bottleneck of any project. you can't expect that you will earn outright upon launching your project. this is why a lot are getting abandoned because they don't have the resources to push thru their developments.

[suzanne5223]

Lately i been looking into altcoins more and more since I have got some more money in my life and want to make more investments then only in BTC.
One thing I was wondering is why nobody yet have created a crypto currency under the name "Merit" yet.

it's many smart people on this forum with a lot of knowledge about things like this and I think it could be a good currency to create.

There are a lot of things to put into consideration when before creating a cryptocurrency apart from the project concept, purpose, blockchain platform, tokenomic, consensus mechanism and use case.
The website and the brand name are also very important with my research I believe the domain to the name you mentioned is already occupied by some projects who are not related to crypto and related to crypto therefore the idea of choosing the name is not a good idea.

[devil-soul]

I think it wouldn't be a bad idea to create an altcoin named merit even if it wouldn't have practical uses, already the fact of associating it with a prestigious forum like this would give it some value

[Jackl87]

Lately i been looking into altcoins more and more since I have got some more money in my life and want to make more investments then only in BTC.
One thing I was wondering is why nobody yet have created a crypto currency under the name "Merit" yet.
it's many smart people on this forum with a lot of knowledge about things like this and I think it could be a good currency to create.

Well first of all i think that the name Merit is actually a pretty good one, not only because of the role of merit in this forum but also because the word is associated with very positive things in general. The thing is though that a good and catchy name alone is just not enough because then you only have another useless meme coin that is dead again within a few days. So you really need a good concept for your token too in order to create organic demand. That is the hard thing.

[gurunanakji777]

According to my perspective, the success of an altcoin is not determined by its name. The absence of a cryptocurrency named Merit thus far does not hold any substantial reason. If the name alone dictated success, numerous individuals would have profited simply by naming their cryptocurrency after Ethereum or Bitcoin. Consequently, I believe that the name itself carries little significance as long as the developers possess the necessary skills, the community is robust, and all these factors converge to guarantee the project's success.

[jaberwock]

I think it's not a good name for a project that has a real goal in their plans. The person who decide to create a real project absolutely has a name in mind on what kind of project name that the world will be known with their project goals but unfortunately no one would choose the name merit as a name knowing that merit is a name that you will think of something else after being mentioned. Unlike shitcoins, real projects thinks their name carefully and do have meanings on how they ended up with that name. We should wait for the day that someone will create a meaningful project that carries the name merit.

OP mentioned users in our forum and he is aware about the merit system here so maybe this is what he get the idea. I also read a reply about a user who hoard/hodl merits. If that is only a coin they are holding and its name was merit, maybe it can give them a fortune later on because merits are also scarce in our forum. But, maybe it will be treated more like a meme coin and not a serious project.

There must be a serious project out there whose name is not that great and not totally related to their project. I wouldn't blame them because it's really hard to think outside the box and they already stressed their minds in creating the project as a whole.