What is the essence of creating new project?

[MrSpasybo]

To me, apart from the unique DeFi & NFT trend, new projects in the crypto market have nothing special because most of the ideas were born in 2017 during the ICO wave: the adoption of blockchain in healthcare. education, energy, transportation, internet ...
Currently, new projects start in 2 directions:
+ Copy other projects: for example DeFi, UniSwap => MoonSwap;
+ Implement old ideas on new platform: eg UniSwap => JustSwap of TRON & PancakeSwap of BSC;
The emergence of new projects is necessary for new blockchains, I think this will increase the competition and growth of blockchains, giving users more good choices in the future.

[Mas Bro]

The number of new projects that have emerged is mostly a continuation of projects whose previous products have been successful in the industry, and the purpose is only to raise funds / money. I think there are very few innovative projects here. This is the reason why of the many projects only a few survive, grow and become big. That's why we have to pay attention to innovative projects, others will die / disappear by themselves on the way.

[gabbie2010]

Almost all the ideas of new projects are already in the market I don't see any reasons in establishing a new project, I believed these developers are in the market to make money and later abandon it, except some few ones who follow-up their project and develop it, personally I prefer to invest in a well established project to all these new ones perhaps if wanted to invest in them I will do so with a small amount of money ie money that I can afford to lose

[Willitivity1]

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?

At first cryptocurrency was originally created to stop the printing of paper money, but it seems since then there have been thousands of new projects alongside scam projects that claim to solve one particular problem or the other, this is just like printing money in my opinion, there's actually no difference between this thousands of coins and the paper money been printed everyday, new projects are been created every day because technology and ideas keeps getting better, so every new project come out with their new ideas on how to solve a particular issue we face in the crypto space.

[gunhell16]

Probably the essence of creating a new project is that there's a lot of money involved in it. And there are only two reasons why the Dev. the owner created it, first, they just want to collect a huge amount of money or He wants to make His utility token become famous here in the cryptocurrency industry, due to if that happens profit will surely follow by it.

[Falcon]

To compete. To win. And to become in the top rank as long as possible. Those are the essence why there are new projects creation now and in the future days. In addition profit is another target gaol in every project.

[Callisto]

The main goal of the project is, of course, to make a profit from the creators of the project and its investors, but at the moment there are very few such goals for projects with an increasingly frequent scam. Unfortunately, sometimes projects are deliberately created to cheat their investors.

[GREENch85]

If we consider only the financial component, then most projects promote their ideas not only to make the life of society more comfortable, more convenient and more technologically advanced, but mainly to make money while the crypto industry is on the wave of hype.

[Gurujebs]

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?

When creating a solution to a current problem, problems are often created again and this cycle goes on and on until the trend end as it they were never available, that's what's going on in crypto space.
Look Ethereum for example and the current transaction fee we are currently facing as a big challenge. Now, other projects see potential and how big Ethereum communities is, they decide to create something more easier with less fee.

[fallenangel1789]

If a project does not provide an innovation people should not purchase it. But many people think differently. They invest in worthless copy-paste projects again and again and hoping to gain some money. There are hundreds of dex but we all know only 10 dex is enough for the whole ecosystem.

[mr.Robot]

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?

Well as my opinion new projects are always welcome in the war field. Because they can bring new innovation in this world. Also its true that not all of them are here with new technology or to develop this world with something new, they are here to just earn money cut out from the market.. so we will have to be alert and think deeply, do proper research before investing on any project...

[Debasco]

Though one might see not Reason for it, at initial, but on the long run, it has meaning. Different coin has it own motives, but the general motive is to get the world totally tokenize. and that their should not be monopoly of any coin.

[MUGNIA]

most of the crypto projects, it's a copy of the old project, there is also a joint project between 2 old projects to become 1, but actually the initial goal of the crypto project is the same as a real-world project, namely achieving financial targets. no doubt the innovative ideas offered are very useful for needs.
So it's not a bad thing if these people decide to create their own cryptocurrency to get people to invest in their ideas,

[Paglamon]

There are many projects in the cryptocurrency market combining the arrival of new projects and the old ones. A project comes to the market with little intention of fulfilling its purpose or spreading financial services among the people. I think we should avoid new purposeless projects. In a more digital ecosystem where financial services have expanded in a way that works for the welfare of users, there are many projects that we should welcome.

[Jaguar]

For me the essence are the products,money, and the involvement in cryptocurrency. Product is my first opinion because that is the root. Money is my second opinion because basically after creating coins the next step is listing where huge volume of money is possible. Involvement is my third choice because potential crypto are involved in popularity and meaning.