Do you ever wonder why there are many altcoins today? I was just thinking that since the main objective of cryptocurrency is to ease payment. Why would people create so much altcoins when people can only use bitcoin as a payment gateway? Are the founders of every altcoins creating their token for money?
Literally most of the tokens were creating for money making but it doesn't mean we can only use bitcoin for payments.You can spend altcoins as well if it is accepted anywhere for example in gambling sites you have multiple coins supported so you can spend one over other depends on transaction speed and fee factors.