Blockchain technology is open and anyone can make their own coin for the purposes of their company, for example. Or a university coin and many more examples.

What is worse in this situation is that a very large part of the ICO projects that are launched are not aimed at developing the project, but only by raising and misappropriating funds from investors who hope that this project will be successful.

That's why you have to be very careful when choosing a coin to invest in, there are few that really deserve trust.