Topic: Why people try to create their own coins? - page 41. (Read 11262 times)
You know, crypto currency is a potential market at that time and in the future. So there are so many people want to use this market to earn more money. So they create their own coins to make money, PR,... They can be scammers or not.
Because it is a very big prospect ,the creation of your coin. Especially if it turned out to raise to the top . And get growth .
It usually depends on the project and I agree that in most cases it's not really necessary. For the project I'm currently working for, it's the following reasons:
- Facilitation of P2P trusted engagement between all relevant stakeholders & reward for participation
- Instant rewarding for brand advocacy no matter what scale or where in the world
- For transparent and immutable transactions, giving all participants trust without an intermediary
- All stakeholders are incentivised to contribute towards building a successful & strong ecosystem where the more people actively use the token, the more its value appreciates
- The token gives casual content creators a way to maintain ownership of their content
- The token allows the economy to keep the added value within the economy
Money management is under state control under current conditions. But if the blockchain spreads in the future, people will be able to manage the money themselves. So I think crypto money is an opportunity.
There is no reason. Who doesn't want to have their own cryptocurrency? This is a good thing. I think in the future everyone can have their own tokens, can use it to pay for various fees, or do some markup on their own behalf, it would be very interesting.
Because it is very good opportunity to raise money for the project, new way of croudfunding!
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? 
It is you that wasted your time for nothing when asking such questions In late 2017 many coins made like x50, and the tendency was preserved up to February 2018.
Making new coin is a good opportunity to fulfill there project through ICO. They can ask people to invest on there project and in return they give there investors a token. The aim of the investors is to earn good profit from the token once it hits in the market. Same with the project owner and developer. Much Money in return.
But the problem in here is not all ICO is a legit. Some developers are after only on the money from there investors and give then a shitcoin.
Investors should do some research and scrutinize the project if it has potential to realization to prevent being scam prior to invest because these ICO are not regulated by any financial authorities or a third party institution.
But the problem in here is not all ICO is a legit. Some developers are after only on the money from there investors and give then a shitcoin.
Investors should do some research and scrutinize the project if it has potential to realization to prevent being scam prior to invest because these ICO are not regulated by any financial authorities or a third party institution.
This is very popular due to the fact that people saw this is a quick profit. Another reason can be just popularity. Despite everything, there are a lot of places for projects, the main thing is that there is an idea. Developers are expanding the market, but they are also reducing the possibilities for implementation. This is such a paradox. Maybe menlo.one can help the real project to develop.
I think people create own coins in hope to earn. But the best coins are those which are supported with a real product.
Cash. The reason many individuals complete a great deal of things. Such huge numbers of tricks presently it's senseless. Make a poo coin, get a group of individuals to get it, direct it on a trade and offer everything to vanish on an island for whatever is left of your life.
Now, for example, the cunning founder of the new ICO system and the people who invested in the new altcoin at an early stage (when these coins cost very little or did not cost anything at all) can use their odds (a large number of coins) and play to popularize this crypto-currency. They can create the illusion of attractiveness, for example, buying up coins from themselves and thereby raising the rate so that then these coins can be sold tens or even hundreds of times more expensive.
When people or groups of people create their own coins, they have an advantage over others. This is a very good way of earning and additional independence.
Now it is not hard to create a new kind of coin, so if you have a good idea and really serve a purpose then it is possible to create a good coin. Do not try to make money to scam investors because it is so bad and the market does not need such projects.
Firstly people like to create own coin might be for a good cause or bad course. Some might want to create a coin to earn money purely or is want to improve on some lacking aspect of certain thing like insurance. Furthermore i believe that creating more coins is beneficial to us as investors and competition brings out better product.
They are attracted by Crypto because it's easy to make money so they dare to create its own coins. And if they could create a coin with nice and interesting certainly people can invest. And if that happens the chances people will lose a lot. We must be careful in investing the wrong way because if we can lose money.
own currency allows a person to be independent of external manifestations of the economy. can certainly allow money to be laundered illegally. The most common way in my opinion is to save own funds
Most of them are simply trying their luck out.
When people or groups of people create their own coins, they have an advantage over others. This is a very good way of earning and additional independence.
In most cases, people are creating their own coins to raise fund.
Why would people invest into ICOs? Because they will get coins or tokens from the team which they believe will be more valuable in the future.
Everyone can create tokens and start a ICO easily. That is why there are too many scams.
Why would people invest into ICOs? Because they will get coins or tokens from the team which they believe will be more valuable in the future.
Everyone can create tokens and start a ICO easily. That is why there are too many scams.
This industry of cryptocurrency may be interested as a crypto for you and for me but not for all. Many people are interested in money no matter how they gain it. So they try to make something by themselves to become another DASH or Ethereum without any special coding skills 
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