Topic: Why people try to create their own coins? - page 44. (Read 11262 times)
I think it's natural, cryptocurrencies give everyone the freedom to create their own coin, this is what makes today more than 1500 coins and tokens available, and with many coins of course the competition becomes very tight.
Current cryptocurrencies that are popular today like Bitcoin and Ethereum have many problems (transaction time, can't be used day-to-day, dApp support). We're in the fight for who can invent the best crypto for the future, so it makes sense.
Varies from coin to coin. Mostly they are made for profit though. I myself is learning and looking to launch a new project but lack the technical, financial and human resources.
People want to create their own coins, to have income and to build their own company.
They create coins for them to gather support for their projects. And they want to change something in the crpyto world.
Some create their tokens to scam and some have their own good deeds.
They create coins for them to gather support for their projects. And they want to change something in the crpyto world.
Some create their tokens to scam and some have their own good deeds.
The main reason is to support their projects and make it happen (selling the tokens beforehand).
Some people need money for their own projects.
Some people want to make quick money.
Some people need money for their own projects.
Some people want to make quick money.
this is the same as you make clothes, many entrepreneurs make the same clothes but different strategies and innovations they have such as screen printing, logos and many more. as well as their coins are formed for a specific reason and have different systems with the same goal of reaching the advantage and creating a new system but with the same platform
There are many reasons why people create their own tokens. For of all, people create tokens to serve as the main commodity used when trying to access their project. So instead of paying for their service in dollars, you pay them in tokens. The other use is when people have nothing in mind but just want to scam people.lol
Many projects just try to raise money. They don't care about the product or something else. They just see how popular crypto is and try to earn.
fast earning.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? 
It is a good source of profit.
You copy the product, tell everyone that something better in your blockchain and get money sellng coins on ICO
But it is only one reason and my opinion, there are a lot of different ones.
Why people try to create their own coins?
All founder of new coin have a different reason why they want to create their own coin, but here's what i notice, they create new coin because they want to build their own business like Traxion project, they create that token because they actually love of what is the power of blockchain technology, but not all ICO's project is legit, so be carefull what project if you want to invest your money.
Many people have great ideas, and many people have money, when they meet they can question their ideas, creating a project, making an ICO and getting everyone what they want.
Base on observation. Bitcoin has a lot of flaws that's why new coins are created for resolution for Bitcoin. Every creator has a different point of view and a resolution for Bitcoin.
Actually they are not wasting their money, because the return of their investment is quite big. That is why there are many new coins and ICO arises. Some creating new coins to scam. So be careful investors.
may be they all dream the same thing like us, to get rich, but of course it is not a easy thing
Companies that created their own crypto-currencies can transform their business processes almost digitally into digital form. One person will not be able to provide the net effect of his own currency. But personal crypto-currency makes sense as a personal security.
People try to create their own coin just to lure investors and other people to invest in their own "ICO" they make it sound so promising but after receiving sufficient investment, they will vanish. Others want to make a quick buck so they tryna make an interesting project to lure people.
Mainly because they believe that they can implement a similar solution, but better. They either tweak some features, go towards different markets, or have different partners - in the end, the ones that appear to "copy" the coin are capable of carving their own niche even with minuscule changes.
Its simple, because lack of regulation all of people want their free lunch by launching a token. Prove me wrong!
This is way to get profit and get money, some projects are fake, and the only purpose is to get free money. Some people have good experience in crypto and have good ideas to be implemented and they are making fundraising to bring the ideas to live. I am always looking for ICOs not to miss good projects, I think they might be profitable, so you also should follow the trends. I can suggest IcoGuide.com for this purpose, user friendly platform with realistic rates.
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