ICO are people who came up with ideas and a new way to make use of the blockchain technology and solve the traditional industry problems. Therefore new coins are being made day by day and ICO is a way to raise funds to make the project possible, always research and study on the ICO you're going to invest in. Some ICO are scams and doesn't solve any problems they just raise funds to support their on life style.
So good luck when you're investing into an ICO always research properly and see the project's future.
Topic: Why peoples launching more coins everyday ? - page 5. (Read 680 times)
Honestly, most people do it to earn money. I've heard a lot of stories about how a team will create an airdrop coin, and then create more coins for themselves to dump on the market to make profits. Obviously, there's some great projects that come out of new coins, but the majority of them are scams or useless.
Because it is profitable. If earlier people needed money for a start-up, now the startup has moved to ICO, and it has become easier for everyone.
Make your coin, give it to people, convince them that it has real value for which other people who do not have your coin will be ready to pay money and sell currency to them.
Today to launch a coin has become just a way to fast financing a start up or a business.
It's a positive thing, but it's too open to scammers and deceiving proposals, so it's normal that there was a stop.
So, in the meanwhile we expect some kind of control, it's better to make deep analysis before to buy anything.
It's a positive thing, but it's too open to scammers and deceiving proposals, so it's normal that there was a stop.
So, in the meanwhile we expect some kind of control, it's better to make deep analysis before to buy anything.
You have do differentiate between coins and tokens. Of cause new coins are being created, but I think most is simply just utility tokens. Not sure it is fair to count them in the general currency batch.
People are launching coin because it's an easy way to make a lot of money.
Of course, most of these new coin will die very fast, but may be some of them will have good results, who knows?
Btw, you can bet that in short time some kind of regulation will appear.
Of course, most of these new coin will die very fast, but may be some of them will have good results, who knows?
Btw, you can bet that in short time some kind of regulation will appear.
Because there are millions of idiot suckers who buy and mine pre-mined scam coins and just dump money to these shitcoin-producting scammer devs.
There is a sucker born every minute, and a lot of devs are taking advantage of it because those suckers don't know a fair launch when they see one.
The devs premine a bunch and then dump it once it gets on an exchange.
The ANN thread is just full of complete shit.
There is a sucker born every minute, and a lot of devs are taking advantage of it because those suckers don't know a fair launch when they see one.
The devs premine a bunch and then dump it once it gets on an exchange.
The ANN thread is just full of complete shit.
Hello
i feel shame when asking this but i am really confused . i see here is approx 1400 coins in market but i want to ask if i launch my own coin how i will get profit ? how i will manage development and other expenses ?
for example Sathoshi made bitcoins but i am unable to figure out does stoshi getting reward from it or maybe earning ?
please explain in details if you know near me there is lot of expense
i feel shame when asking this but i am really confused . i see here is approx 1400 coins in market but i want to ask if i launch my own coin how i will get profit ? how i will manage development and other expenses ?
for example Sathoshi made bitcoins but i am unable to figure out does stoshi getting reward from it or maybe earning ?
please explain in details if you know near me there is lot of expense
At this point people should be considering if their coin has any merit at all. But more than the people who launch new coins, I would strongly advise everyone to think twice about putting their money of productless and featureless coins.
if you have a coin, it will not be all the coins you will spend, there will be coins for development, that's one advantage I think, if you have 5% coin from total supply, there you can take advantage.
Most of the coin out there are junk... They basically has the same function as BTC they don't solve industry problems and launching a coin dev will want to host an ICO to gain a startup fund. After that some dev will work hard others like ETN won't ETN was hyped and it's a fork from Monero, they raised 40m USD and the work is forked from Monero and mobile mining is the golden feature but it doesn't really mine its just a simulation of mining therefore ETN I would say it's useless, unless they are going to add in more use case.
If you want to create a new coin make sure it solves the industry problems and has use cases that's how your coin would be successful.
If you want to create a new coin make sure it solves the industry problems and has use cases that's how your coin would be successful.
In my view the answer is tokens are the marriage of currency with software developement life cycle. According to the software development life cycle we are in the period of "let a hundred flowers blossom" phase where the market does not know what works and is open to many different solutions.
The reference is to a speech Mao Zedong's made in February 1957:
"Letting a hundred flowers blossom and a hundred schools of thought contend is the policy for promoting progress in the arts and the sciences and a flourishing socialist culture in our land."
The reference is to a speech Mao Zedong's made in February 1957:
"Letting a hundred flowers blossom and a hundred schools of thought contend is the policy for promoting progress in the arts and the sciences and a flourishing socialist culture in our land."
They earn a lot of money then launch new coin or ico.
Well, people discovered that ICOs are just a comfortable way to finance a start up, so there is no real intention to create an usable currency.
Btw, if the project is good and the company has a potential to grow, I don't see any special negative aspect in this king of crowdfunding.
Btw, if the project is good and the company has a potential to grow, I don't see any special negative aspect in this king of crowdfunding.
Hello
i feel shame when asking this but i am really confused . i see here is approx 1400 coins in market but i want to ask if i launch my own coin how i will get profit ? how i will manage development and other expenses ?
for example Sathoshi made bitcoins but i am unable to figure out does stoshi getting reward from it or maybe earning ?
please explain in details if you know near me there is lot of expense
i feel shame when asking this but i am really confused . i see here is approx 1400 coins in market but i want to ask if i launch my own coin how i will get profit ? how i will manage development and other expenses ?
for example Sathoshi made bitcoins but i am unable to figure out does stoshi getting reward from it or maybe earning ?
please explain in details if you know near me there is lot of expense
For profit. But there's nothing developing new coins, it's like putting up a new business. And it's better that way so people cannot monopolize it. The only way we can do about it is to make sure that new one is backed-up by a good team. For ICO as an example, you have to see if that project is feasible and useful. Make sure that that project will keep hold on its promises.
there is a feeling that the fundraising is aimed at itself, rather than on some result / specific product
I think you understand what the answer is, I think everyone already understands. Of course, there are few such projects and people who really want to bring more joy to this world, most likely more than those people who just want to raise money and live richly. Therefore probably there are so many coins.
Most ICO have nothing to do with currency, but it's just a way (a very good, one, I think) to finance a start up with a good potential to grow.
In these cases, coins are very similar to shares, and you can trade them as currency.
If you want to launch a coin, it's best to be sure that there is a good project behind.
In these cases, coins are very similar to shares, and you can trade them as currency.
If you want to launch a coin, it's best to be sure that there is a good project behind.
Hello
i feel shame when asking this but i am really confused . i see here is approx 1400 coins in market but i want to ask if i launch my own coin how i will get profit ? how i will manage development and other expenses ?
for example Sathoshi made bitcoins but i am unable to figure out does stoshi getting reward from it or maybe earning ?
please explain in details if you know near me there is lot of expense
i feel shame when asking this but i am really confused . i see here is approx 1400 coins in market but i want to ask if i launch my own coin how i will get profit ? how i will manage development and other expenses ?
for example Sathoshi made bitcoins but i am unable to figure out does stoshi getting reward from it or maybe earning ?
please explain in details if you know near me there is lot of expense
Please, do the world a favour and unless you are creating a technologically superior coin with an innovative use case... please don´t create yet another coin. Or even better, unless your coin cures cancer, just don´t do it.
is it like in the real world, fast food is trending then u can see more people opening fast food? and when the hype is over, they closing one by one??
is it the same theory??
that's what my thought but i am not sure if it's correct.
i heard from some people says, 90% of the coins will shut down in 1-3 years.
is it the same theory??
that's what my thought but i am not sure if it's correct.
i heard from some people says, 90% of the coins will shut down in 1-3 years.
If you are going to release your own coins and do not support them with any base, then this whole system is just a pyramid, which is becoming more unstable with growth. Your coin should always be backed up with something more weighty than your word of honor. It takes at least some idea, tempting investors. And best of all it is clear and specific goals that will benefit or benefit. That is, not profit for the sake of profit, but benefit from the result. The organization of services or a real product gets more confidence. Many systems are built on this principle. Make life easier and easier, you will be invested. Therefore, blockchain and cryptography technologies are used in all kinds of activities from services to production.
Jump to: