There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? 
I see only one reason - to make big money, also that is why we can see a lot of scams on the ICO market 
Topic: Why people try to create their own coins? - page 33. (Read 11254 times)
Waste of time. Oh No!!
It's not waste of time.
Because When they creat many coins and make some fake project with it.
They will earn money .
Can a lot of or a little money. If they good, they can scam.
It's not waste of time.
Because When they creat many coins and make some fake project with it.
They will earn money .
Can a lot of or a little money. If they good, they can scam.
I think it surely relies upon at the man or woman/agency that create their own coin. Alot of the instance their primary reason is just to earn money and many of them don't care approximately something else.
I think most people create ico because of money, because creating ico can make money. After they earned some money, they sold it in large quantities. So most ico have failed because its purpose is to make money.
Some people do a coin to scam people and be after for the money that they scammed from others. So better to be wise this time.
Because they want to make big profit from that coin by sell that coin to the investor. This is fast way to make big money because cryptocurrency is popular now and the demand increasing alot. Some of that project has legit product and others any fraud project.
I think why people is create own coins is because he/she want to scam other people and to get a money to cheating to others and my suggestion to others be careful to that to scammers.
Obviously, creating a new coin is now a way to get a lot of money quickly, and many scammers are keen to release a variety of scam ico, which has led investors to distrust the entire crypto market.
It's not surprising that no one wants to change the world or do something for the world. To put it directly, everyone wants to make a profit. But there are often many failures, which form a scam.
according to my understanding, the number of people who make coins because they want to compete with others. the number of new coins popping up indicates that the development of cryptocurrency is increasing rapidly.
Not each coin is built for the use of blockchain and transactions money throughout the globe, the coin is also a way to raise investment s for firms which is the teams that there are many instructions of ICOs in the market it's sort of an investment round
Not everyone can come up with something ground-breaking as BTC, ETH, or EOS. So they copy each other, that's how they learn. But I would trust only technologically sound and unique projects. They are the future.
It's simply that individuals need to be rich without attempting huge endeavors. It's substantially simpler to take an instant arrangement than to make an item from the earliest starting point. Along these lines, such huge numbers of pointless ICO.
I think they are programmers, or those who are interested in the cryptocurrency market, they want to know what the process of creating a coin needs, and this is also a good way to evaluate a project before the beginning. private investment in ICO
There are some projects that are yet to be executed, due to lack of finance to back it up. Some have now integrated it into blockchain, because they believed that through that, they will not only raise the money for the project, but also create worldwide awareness.
Some would just want to see if they too can have their own share of huge profit in the space. Something surprising happened recently, the developers of an airdropped token started trading their tokens without informing the community. They did that until it dumped by more than 1000%.
And why do you invest? Money is the main reason. And it is too hard to recognize good project amoung numbers of scam projects. I hope it will end soon. If projects like Menlo.one will help good procpective projects and find scam, it will be big step in the future.
Perhaps people have some idea that no one has yet been born, and maybe they just want to create a cryptocurrency to earn a lot of money.
There is a saying "your shirt is closer" ... Everyone wants to make money on this ICO boom. But only real developers who believe in their project and cherish the reputation of staying in the next couple of years))
Indeed very ambitious people who ambition to create their own coins. Most of them do not display their new coin innovations, they only duplicate coins before. In my opinion this action is futile, they only pursue ambition that does not have a good strategy. To create coins requires good planning and strategy, the challenges in this creation are very diverse including the challenges of gaining public trust in the market. Preferably when someone wants to create a new coin needs to do a good plan including marketing strategies and promotions in order not to be a product that failed.
Jump to: