Why people try to create their own coins? - page 62.

thenameisjay

full member

Activity: 462

Merit: 100

Quote from: ember.suc on October 09, 2017, 04:03:56 PM

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin

Not exactly. Many of these coins have special features and are used primarily on specific sites or technology. There aren't a single alt coin out there with the same features because they target a specific market. There are similarities, but trust me, they're far from a copy of the others.

Usui-Kun

member

Activity: 224

Merit: 10

Streamity Decentralized cryptocurrency exchange

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.

scambust

legendary

Activity: 1652

Merit: 1007

It's because they can. But they need to convince other people that the coin network they are creating have some future value because of mass adoption. This has been the theme of this forum for a long time and will continue to do so.

FutureICOs

full member

Activity: 449

Merit: 100

There is all kind of reasons, but I feel able to make money is obvious. While I don’t see anything wrong, but most have no proper way behind the stuff. I believe this is where it’s highly beneficial to have Crypto Currency masters at your side. As often there are too many issues with the system we have, so it is something that could really hit us badly. We MUST be extremely wise and careful with these things to ensure highest rewards.

Runbitup

full member

Activity: 700

Merit: 100

Quote from: ember.suc on October 09, 2017, 04:03:56 PM

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin

I do not think they are wasting their time, because I think they are trying to do something profitable even though you think the way is not right but you have to respect their efforts and I'm sure not all copies are bad anyway they do not actually copy but use the coins others as their platform coin platform

doublecoins

newbie

Activity: 154

Merit: 0

in blockchain technology is open source anyone can create their own coins as per their requirements only few coins will see limelight but most of the coins fail at the end of the day

royale143

member

Activity: 294

Merit: 36

Quote from: ember.suc on October 09, 2017, 04:03:56 PM

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin

They do that because they want to ride the wave of the popularity of the cryptocurrency market. Unfortunately, many developers are like that seeing how they are so not prepared with plans and strategies to keep their markets afloat. They only want to source funds for their projects, and once they get it, they usually go for a different path than what they have been preaching, and so, people the the wrong idea that so many projects nowadays are scams because of that very practice.

loveinberlin

member

Activity: 336

Merit: 10

Perhaps, some people see sense in creating their own coins. I don't know for sure how this works but I am sure that if this situation takes place they get some income. If it isn't profitable why do this?

craZyLovE0916

sr. member

Activity: 588

Merit: 250

Quote from: obelsna99 on May 09, 2018, 10:38:48 AM

There are many reasons, they really want to work on their project and also help people. It can also be for their own interest such as stealing investors' money. More so in our world and we would just be stupid to hope that their token increases the price and we can take back the investment of nearly x100.

Although I agree that a lot of people make altcoins because they want to help others and are generally interested in improving currencies and transactions as we know it, we should not also forget that some people are using it as a way and a means to make quick money off of unsuspecting investors who are just trying to make money in this market. This is not acceptable

obelsna99

newbie

Activity: 23

Merit: 0

There are many reasons, they really want to work on their project and also help people. It can also be for their own interest such as stealing investors' money. More so in our world and we would just be stupid to hope that their token increases the price and we can take back the investment of nearly x100.

Bitmore

full member

Activity: 413

Merit: 100

https://eloncity.io/

I think some people create their own coins for fun. That was something to tell the grandchildren about 2018))))

seek4dream

hero member

Activity: 966

Merit: 501

In most cases, people create coins or tokens to raise money.
Basically it is a way to build their own ecosystem, in which their coins or tokens are necessary.

Yara1996

member

Activity: 158

Merit: 10

ONe Social Network

Because this is a good profit, if Iko succeeded then this company earns unrealistic big money and if you are lucky then the price multiplies times!

popotao92

newbie

Activity: 21

Merit: 0

I also noticed that even when 2 projects seem identical, there are always little differences that can help one project succeed and another one fail. It is also a matter of networking and knowing the right people and having a good team Smiley Just like in any other field.

nasdn129991

newbie

Activity: 18

Merit: 0

They do that because they can get a lot of money for what they do. So they are busy doing such kind of things and others may get rich because of them.

maisu5928

newbie

Activity: 20

Merit: 0

One reason is they are making a platform and wants to have their own currency, like apps and appcoins. Some makes them to ease the difficulties of transactions from a specific platform. Most of all, some people just want to make money, because having a successful campaign will make you instantly rich.

willybacem

newbie

Activity: 120

Merit: 0

Someone wants to get more income by creating its own coins due to a large number of coins that are a scam. And this I think we should really be able to analyze the new coin and should be smarter. I'm afraid many people are creating their new coins are only trying to defraud investors.

Sithara007

legendary

Activity: 3346

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

Quote from: ember.suc on October 09, 2017, 04:03:56 PM

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin

Some people have interesting and unique ideas which they want to implement. The problem arises when the others may not agree to their idea, for various reasons. So the only option left here is to fork an existing coin, or to create a new coin from the scratch.

siap86

newbie

Activity: 210

Merit: 0

The purpose of making tokens is very clear, collecting money. Some to run the project as planned, some for their own benefit. What are your goals here? do you feel wasting your time here?

hataman

newbie

Activity: 84

Merit: 0

because if they create their own coin they can become rich and they too can become bourgeois. they are no longer users but they are creators.

Topic: Why people try to create their own coins? - page 62. (Read 11262 times)