If you go to
www.coinmarketcap.com/new/ , you will see that there are new coins added EVERYDAY..
and they have a decent market cap worth 1000's of dollars..
How do people just make there own coins that easy? and how are they raising so much money??
i mean like, whats stopping a normal person like me, doing the same thing.. just making a random coin and making thousands of dollars??
this is so stupid.. what is the need for all these useless coins?? when is it gonna stop?
That's because it is easy now to create a token using ethereum smart contract or waves or any other token creation platform, if you have at least $5000 you can set up your own ICO and you can make a profit, over and over and again, and somethese projects are duplicate of existing coins or failed project.