What is the essence of creating new project?

[Papa Bear]

In the Cryptocurrency industry there are many Cryptocurrency project that's in the list of upcoming, while we are still in that some of the project in the crypto market has not made any head way and some exiting the market. What could you say is the main purpose of the new Cryptocurrency project in the industry?

People nowadays are producing an excessive amount of bad coins. They simply add a burning feature and launch it; believe me, those guys are making more than $15,000 per day. But there are several worthwhile projects as well, the majority of which aim to solve the challenges that we face on a daily basis.

[Jamie07]

Well, first of all the so-called developers or founders of projects found it as a way to grab investors money fast. The community is lucky enough if they invested on a legit and relevant project which is hard to find with lots of project being created. I will just spread my investment to be safe.

[Bobcrypto]

In the Cryptocurrency industry there are many Cryptocurrency project that's in the list of upcoming, while we are still in that some of the project in the crypto market has not made any head way and some exiting the market. What could you say is the main purpose of the new Cryptocurrency project in the industry?

As a matter of facts, some of the projects that has surfaced and gone were mainly due to some of this reasons
1. No user case
2. Poor marketing, and plus no partnership engagement
3.No funding, ether unable to list project on tie one exchanges or no further project promotion.efforts etc.
Again, there shall be more upcoming new start up projects who thinks they have some better offer ( ie project with great user case and not just some meme things) to the entire crypto community, and some of these projects has huge financial strength to carry out the planned projects.

[Quantum X]

I think there are just two reason to consider.
First, the team seeks to solve the existing problem regardless it is in the crypto space or in the physical world.
Second, the project is just simply being promoted to scam the community.

[debra]

In my opinion, the goal of a new project is to get the profits of investors. if the project is successful and many investors invest in it then it will be profitable. therefore usually a project will offer several bounties so that it attracts many investors

[Octoalts]

In my opinion, the goal of a new project is to get the profits of investors. if the project is successful and many investors invest in it then it will be profitable. therefore usually a project will offer several bounties so that it attracts many investors

I agree, this Cryptocurrency project is big business.  Where business is carried out to make a profit, and profits in this Cryptocurrency project can be obtained from selling Crypto tokens. The more people who buy tokens from new Crypto projects, of course, the opportunity to get bigger profits.  But there is one fear of investors about new Cryptocurrency projects, namely the number of scammers who really pissed everyone off.

[Zezari]

Not all projects seek to make a profit, there are some projects that are aimed at facilitating the efficiency of the organization. But most projects, even without development, go to the cryptocurrency market to earn money.