So, it’s important to get our facts right and look into a cryptocurrency if it’s a coin or a token and if it’s shit (which it is for most cases), call it Shitcoin or Shittoken, respectively.
We need to address all technical details properly.
Back then we only have duplicates of Bitcoin when there are new coins launching but since the inception of Ethereum and how they can host a token and ICO we are flooded with thousands of tokens until now we are so many new tokens coming with ICO, they abused and continue to abuse the system.
It's very important for new investors to first understand how Bitcoin works first before they dwell on other coins or tokens lest they get the impression that Bitcoin has a chain that can host other tokens when it's not.
Scammers find it easy to launch a campaign because its easy to create a token and the supply is already created and easily distributed on ICO, for a project being hosted in a chain to prove that they have a use case needs to have a solid roadmap and skilled developers to back up the project, to set them apart from a developer who just created a token to make money.