I have more than one account… and my alt accounts are 100% F2P.
The struggle is very real. And no, I do not do all of the events and such. I only do the ones that seem likely to reap the best overall rewards.
Why in the heck would anyone go and make another account?
Well, when I first started playing, there weren’t nearly as many things to do, and I was regularly using up all my flags in under an hour. I absolutely refused to buy flasks, so… I looked it up to see if it was against the rules to have two accounts? It was not. At least not at the time, I hope that hasn’t changed… The only caveat was that SG would only provide customer support for your main account; if you lose your alt, it’s just gone, and nobody is going to help you get it back.
It was fairly easy to maintain multiple accounts back then. Nowadays, there are so many events going on all at the same time, and many of them require more time than the usual raids / titan hits and monster chest farming.
While I wouldn’t say it’s impossible to do everything on multiple accounts… it’s certainly tedious and draining. You end up having to pick and choose which activities you want to do on each one. Which actually suits me just fine, because I find that there are a lot of game activities I have very little interest in even doing even once, let alone multiple times.