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.
Topic: New coins daily.. How do they do it? - page 3. (Read 17897 times)
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
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.
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.
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.
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?
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.
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.
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.
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.
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.
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.
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.
It is very easy to make coin and ask people to give you money.
You can do it like in 5 minutes. It is also very cheap nowadays.
You can do it like in 5 minutes. It is also very cheap nowadays.
The hardest part is convincing people to buy your coin or to invest in it while it's still not out. Also a coin/token must meet some criteria to be listed on CoinMarketCap, that part is not that easy as well. In my estimation, the very least amount needed for making your project known to some people in the business is $10k. And this only for them to notice your project which they renounce most likely and forget about it in an hour. Convincing people to invest in your project takes much more than $10k spent on ads, airdrops etc. So, please stop saying it's easy and cheap, because it's neither former nor the latter.
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 will stop only when investors stop buying such coins and focus exclusively on quality projects that have already shown their value, but so far, alas, everyone is looking for a second bitcoinand 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?
they are not looking for a second bitcoin but they believe the platform will work and be useful in the future.
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 will stop only when investors stop buying such coins and focus exclusively on quality projects that have already shown their value, but so far, alas, everyone is looking for a second bitcoin 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?
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.
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 .
Understandably your irritation with these coin launches almost every day!
But remember that we are in a free market and each person have their needs and expectations with each coin.
There is no point in thinking about an end to the launch of more projects because if this happens it'll mean the end of cryptocurrencies.
From the moment they launched new projects after the BTC, the subsequent amount does not matter.
Bitcoin is a category and all that is not Bitcoin is Altcoin.
In recent years they have managed to develop a smaller category within the Altcoins which are the Shitcoins.
Look for the economic side and possibilities of deals, in the end this situation is not so bad.
But remember that we are in a free market and each person have their needs and expectations with each coin.
There is no point in thinking about an end to the launch of more projects because if this happens it'll mean the end of cryptocurrencies.
From the moment they launched new projects after the BTC, the subsequent amount does not matter.
Bitcoin is a category and all that is not Bitcoin is Altcoin.
In recent years they have managed to develop a smaller category within the Altcoins which are the Shitcoins.
Look for the economic side and possibilities of deals, in the end this situation is not so bad.
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.
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.
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?
Lol, that’s why a lot of them keeps on dying off everyday too 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?
. They have no other purpose apart from the purpose of making money. That’s why I hate investing in New coins, they are mainly worthless and owned by scammers.They create it today and try to get investors to invest their money on it, the next thing you know the coin is out of the market and the devs has abandoned everything and the price has dropped and investors who are lucky enough will jump out from it, those who are not will just get stuck in it.
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.
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.
Coins that are added to www.coinmarketcap.com are not so useless. To get to the site, the coin must have a certain volume of trades, community and other indicators.
Jump to: