I am having a hard time understanding why nearly every coin/token I research is a coin and not just a startup company.

I will use SALT as an example because it seems to be one that people like here.

So as I understand it, SALT will lend money against your SALT holdings. So if you own 10 SALT coins @ $10 each, they will lend you $100.

This is just a secured loan with no interest. There is nothing special or new or unique about this idea. I don't understand why it needs it's own coin or why people think this is ground breaking.

I will give another example in Decentraland. It's a Virtual Reality, Second Life meets Minecraft type game. Great idea. Why does it need a token? Couldn't it just be a video game that accepts an already existing currency?

And another one Syscoin. It is going to be an Amazon competitor (lol). Great, no one has thought of that one, but WAIT! it has its own currency, so it is somehow different. Why does this need its own coin?

And I could do this with nearly every coin I have researched so far outside of the actual currencies. They are all at least just trying to be money, which makes sense.

But hundreds of coins, most just copying existing tech, slapping a coin on the end and getting absolutely enormous funding, for little to no new tech or ideas. This seems so familiar.

I have to be missing something. So hopefully someone can explain this to me. Thanks

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