Topic: Why people try to create their own coins? - page 28. (Read 11254 times)
In this there is nothing surprising. Different people try to create different projects and it's natural. In business, too, about as well. There are many different rooms, manufacturers, brands and organizations. This is normal.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? 
It is because creating your own cryptocurrency and make your own ICO is so much more profitable than everything else that you can do here and people are wanting to earn money obviously. 
Firstly, people try to create their own coins with the aim of the coin can be like bitcoin. Then, since the popularity of ICO, developers have changed their goal, who want getting a lot of money from their coin. There a lot of coins face the death after ICO is finished and those scam coin become trash.
It's all about making money, they do that to make their own business by creating their own coin, most of them attract many people with their ICO to invest and take their money and after that they will just abandon their own project and create another new coin.
To create a new token in one of the existing platforms, Ethereum for example, is not that difficult, and neither expensive. But an ICO can be very profitable, even without a revolutionary idea.
It seems to me basically this desire to get funding for my project, which in their opinion will be more promising than other similar!
Many people see how rapidly the crypto currency develops. Therefore, the demand for it is growing every day. My opinion is every real cryptomaniac. He wants to create his own unique, promising crypto currency. What work and earn more. And the main thing is to develop.
People saw a lot of potential and opportunity in crypto world. By creating their own, they think they can profit it. There are no doubt that there are a lot of coins out there who are just a copy of the other. Those coins are just there to scam investors. But there are also coins that are unique and functional.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
Many people use power of crowdfunding to finance their projects. ICO is most convenient way at the moment to obtain non-Bank financing - without collateral, without proof of income, without interest rate for loan. As a result so many similar coins, among which many projects that collected funding not for creation of any product, but only for their own enrichment.
I have a friend who's actually creating his own coin. He said it's his dream to create his own. From the previous coins that he has, he observed that if he's going to create one, it should have much more better than the others. Apart from fame and gaining more profit quickly, he wants to own his own coin someday to be able to develop a much better project that he thinks the society needs nowadays.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
i dont agree that many of the coins are copy of another. there are coins created for specific target market. those coins are created because there is a need to create meaning there is demand. raising fund on a ico is not a waste of time
Maybe it's true that most of the coin are copying each other but giving additional features that make the coin more appealing to people also giving a direct solution to the current problem and I guess we're fine with that.
People want to create their own coins for various reasons. Some of them want to finance their project by collecting money through ICO, while others want to get fast money by cheating people. We, investors, mist understand and encourage only genuine coins.
People are trying to make quick money in crypto. That's why everyone tries to create their own COINS.
Some people do it for the purpose of fraud, some of them, of course, for profit.
Some people do it for the purpose of fraud, some of them, of course, for profit.
I think the main reason why people try to create their own coins is to get rich as creating their own coins will earn them more profit. However,some people do this for the sake of fame and getting popular.
The answer is money.
Many projects only try to raise a lot of money.
They don't care about the product or something else. They just see how popular crypto is and try to earn.
Many projects only try to raise a lot of money.
They don't care about the product or something else. They just see how popular crypto is and try to earn.
they hope thier coin will hit an exchange, after listing they want to get easy money from selling out their own coin 
Each project produces tokens to attract investment. Tokens should not be confused with forks. Because fork is the improvement of any existing technology. And many of them are quite successful. I think that you should go a little deeper into this issue.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
I think it is called Fiat, it is sometimes call currency with out any particular value or depending on the value given by engaged ICO ( Initial Currency Offering) project.
Most of them are just collect money from investors. Then they will distribute the coin to the investors. And when the coin hit an exchange. That's it, another shitcoin landed an exchange. That's why ICO from other countries are keeping their eyes to them
That's why ICO from other countries are keeping their eyes to them. ICOs is getting out of hand. This thing needs to be regulated.
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