Why are there so many altcoins and tokens out there..
Are their founders just interested in making money and getting rich? Or is there something else behind this?
First of all, I want to clarify that altcoins are all cryptocurrencies with the exception of bitcoin, that is, all tokens are also altcoins.
Due to the fact that thanks to decentralization in this market, the open source code of coins, the admission of anyone to the possibility of creating new tokens, no one can control the emergence of a new cryptocurrency. Therefore, their number is already reaching 16,000 and, for sure, their number will continue to grow. Everyone has their own motivation for creating cryptocurrencies. Of course, in many cases, the ability to collect a significant amount of money from investors in the future cryptocurrency plays a role in the creation of cryptocurrencies. Someone has an idea for a new and useful use of cryptocurrency, while others use this opportunity just to get rich. We cannot influence this process.