Topic: Why people try to create their own coins? - page 58. (Read 11254 times)
People try to create their own coins well to have a distinct feature or can easily be distinguished from other coins. People try to create their own coins to try get the attention of potential investors. They are selling themselves so that they can have financial support from the investors. Creating their own coin is a step forward in fulfilling their ideas or projects, in which they believe or foresee that could change the future of cryptocurrency.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? 
If their coin launch is at least remotely successful long enough for the creators to dump their tokens on an exchange, then it is far from a waste of time!
I think many coins are created purely as a money-grab, although of course there are also many which are legit and decent projects!
Motivations for creating a coin are always different.
Im not that knowledgable on the said topic but i think the reason is that they want to promote and develop the introduced project to the public via their own newly made coin so that they can manage the transactions that have been made by the participants with ease. moreover the purchased coin will be easily distinguished from other projects that have a much similar concept.. just like how two different projects aim to prevent false advertisement.. with XXX coin belonging to XXX project and with YYY coin belonging to YYY project
The reason they are doing so is because they just want to develop the project and get more and faster profits. That's why they waste more time on something they will do and earn.
well, cryptocurrency for the others is like a business they create a new coin, and if it's good then it have a chance to be a popular and one of the trusted coins. so the founder or owner of that coin will earn big. but if it failed just a small amount of their money is loss because their coins is failed. but now, too many coins amd I am sure that the pther just wasting their time
The reason they are doing so is because they just want to develop the project and get more and faster profits. That's why they waste more time on something they will do and earn.
The question is simple, all is the money when someone releases the new coins, they should the largest shareholder in this coin, I have seen some scam project, when the coins listing in the several exchanges, they dump the coins and take out all of their money in same time.
anyway, some project needs the money to develop their platform or ecosystem, the good way is distribution their coins and collects fund.
anyway, some project needs the money to develop their platform or ecosystem, the good way is distribution their coins and collects fund.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
They are trying to compete with bitcoin and making thier flatform and roadmap so that the people know what project means and how it will work. If people will backing up with thier coin thats the time the coin will be popular like bitcoin and other top10 altcoins.
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. 
It's simple, if you want to make good money you need to come up with your own Church!
To make money. It is simple like that. All coins excluding Bitcoin are created in order to gain some profit. Especially shitcoins want you to invest your money in their token and then the devs cash out. So be carful where you put your money in.
there are numerous coins that include nothing. They are simply duplicating each other with no venture and no guide. This is generally done in light of the fact that these individuals figure their coins will be recorded on trades and thus they will make fast benefits offering them on a mass
People are making own coins because they think that will be very successful and they earn big money.
Like majority people said money is always behind this, some are too greedy to earn money instantly but some are legit and think good about their investors so be wise before investing new coins.
Anyone can create their own coin if he is capable of knowledge of using codes to create his own coin. The only disadvantage is that anyone is free to create and it was an advantage for them to create and afterwards tp scam other people because of that coin it depends in the market if it was adopted by many traders especially the hypers who are always riding the hype.
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.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
I dont think that they are wasting time. I am sure that many people want to create their own coins, only for their own benefit. It's not difficult to write a whitepaper and create a beautiful website, especially if you can earn good money. 
In general, competition in the market is always good, gives the rest more incentive to develop.
What's wrong with that? After all, not to whom it is not prohibited who wants to make money on it, someone is trying to deceive someone. Everyone has their own purpose why and why.
Because they see the potential of earning big once they create and release their own coins. If a project is legit or valid and has a chance of gaining success, people will certainly invest in that project. It will be hard work for the project team, but the gains will surely be worth it if everything turns out well.
Well it is a good quick way of earning really easy, if they can. The creation of tokens really depend on their motives and objectives, but the success will solely depend on their project. So do not worry about people making tokens, it is about how they use them.
I think 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. The problem is, those legit coins are very hard to identify.
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