I am a bit confused why they create crypto,is it to fight with all other crypto or they realized crypto will rule the world in near future that's why they created their own crypto currency.Just for using against all other crypto.They want their grip on crypto that's why they did it.Thank's for the post.
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It will be an ICO, so their motivations are likely to raise funds. If it was anything more than a money grab, like the Petro, then they would make it legal currency, legislate that banks have to keep nodes running to preserve the blockchain and distribute the coins evenly anong their population. Bet that never crossed their central authotity's mind. 😎
Consider the crypto an asset, trading on a market. This is where the price is set , given value. They are interchangeable with each other as well.