Topic: Why people try to create their own coins? - page 29. (Read 11262 times)
New projects arise in connection with the need to eliminate a number of problems in old projects. In addition, there are projects for beginners in the crypto-currency area, and there are for professionals. An example of the latter is the new Caspian project. The Caspian is an institutional crypto-trading platform for already sophisticated traders. The project offers its users a fully developed OEMS, PMS, and RMS.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? 
Because the greedy dev rides the hype masternode train, the story is like this: dev makes a new coin or clones eth and has premine at least 5% saying that it is to develsent further from the coin. Then they sell several masternodes before the coin launches to the initial biders usually for a few btc per node each, launching coins and letting the market take over when they leave it and make a new one within 3 months or less and the circle continues.
Tanks you
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
Their main purpose is to make money. Those who lack the knowledge of crypto will believe in them and invest. And they will achieve the purpose and earn a large and fast money.
it all boil down to which one survive. similar project with different coin is not the problem and infact is good becuase it give no room for monopoly. it is just like saying since benz is making car then there is no need for any other company to be making car because we already have benz making it. in as much as the project is doesnt turn out to something bad like scam it is okay. when you have many ICO project about crypto card and they succeed in giving out card then you will see there will be competition
I think people have different reasons. One simply interesting is the process of creating a crypto currency, others want to make money on this easy money, some want some power, quarters change the world and so on. Probably how many people are so many reasons =)
agree, I think so. from some parties want something else and different reasons and undoubtedly all of them are used for progress for the company and the benefits for us seekers are greater results. all can now give their own reasons and it will continue for the benefit of both.
I think the most important reason is earnings. I think that the creators of many coins do not care much for the future of their project. They just deceive people. But there are very good developers who really want to improve the life of mankind.
Why do people do anything? Of course, to change the world for the better. Not everyone is covered by such a rush, but those who create a new cryptocurrency, think so. I have not heard of more than one project that would be created only for profit, and was successful. In a case like this, you always have to be a little enthusiastic. I think you should understand. This is the desire to make human payments safer and life more colorful. It's nice to help people, isn't it? And if you are paid for it, so it is generally "beauty", if I may say so.
Because it is the ICO programs they need capital, so they release their own coins to raise funds for the project, so today there are quite a lot of ICO projects and lots of coin to be born. in this market
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.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
because many people here want to try profits, cryptocurrency is like playing gambling, there is no guarantee for you to always get a profit. dare to take risks in order to get big profits.Gambling is very risky because you can lose all your coins immediately in just one game so it was better to trade since in trading you still have the chance to get back what you lose if you are just patient enough to wait.
They want to make money. Or get glory. I don't know what drives people. This should be asked directly from the creators.
People are creating new coins which is not a bad idea. They are creating new hopes and scopes for investing. Without having strong sense of crypto, no one can create coins. So it can be said that, those who are creating coins, it is for the good reason.
Crypto is an open market place. Varieties of people come here. Some of them want to create something new. Others may copy. But I think new coins means new scopes for investment.
For some people it is a method of funding, for others it is just a way to scam everyone and some fell passionate about blockchain technology,that's why they create coins. Another reason is willingness to become famous and create own coin
If I had a chance to create my own coins I would have do it. It is interesting and profitable projects which will bring a lot of benefits as for me and as for other members, moreover it could be recognised like a contribution to crypto's development and I would be pleased.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
The motivation is simple- money, people want to create a solution to a problem that doesn't exist or that doesn't need the blockchain to solve and so launch an ICO with the hope that some easy money will coming flooding in
I accept, in light of the fact that the market is digital currency - it is money concentrated and there is a chance to make a benefit by beguiling individuals. They make non-existent activities that are just on "paper" to pull in speculators and make a benefit, and have no further improvement.
Since they need to make huge benefit from that coin by pitch that coin to the financial specialist. This is quick approach to profit since cryptographic money is well known now and the request expanding alot. A portion of that venture has genuine item and others any misrepresentation venture. So we as financial specialist dependably make audit and do your examination before put resources into any coin.
Why people try to create their own coins because many coin and many project are scam so they are very disappointed from this market place. Many social campaign such as Facebook twitter and LinkedIn Reddit and also many campaign from this project. I am sure Facebook twitter and LinkedIn Reddit is not huge profitable from bounty campaign you can other campaign such as YouTube and blog campaign. When you are working campaign Facebook twitter and LinkedIn Reddit but some days campaign you just see this is the scam project so what can you do?
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