Thanks everyone for providing me clarification. I'm glad to hear about Gridcoin, although I'm not a huge fan of the name (too abstract) tho. Anyway, I feel Notanon has really coined my point here :
I see the value and success of alt coins will ultimately come down uniqueness but also genuine innovation. Any coin thats basically a duplicate of an existing coin (and there seems to be a lot of them) with different graphics is a huge waste of everyone's time. Maybe someone who's good at making graphics could do a nice 'genealogy' chart showing the ancestry lineage of coins to get the full picture. Probably make quite a useful site actually
My prediction for the next year or so will be this: Coins that have some more tangible and more noble benefits such as assisting with protein folding or donating part of proceeds to carbon emission offsets or similar benefits will become more dominant and more pointless clones with no innovative features will die off, particularly as more people become wise to them and avoid them like the plague, no matter the marketing and hype that the developers will use to try and rope people in.
I see the value and success of alt coins will ultimately come down uniqueness but also genuine innovation. Any coin thats basically a duplicate of an existing coin (and there seems to be a lot of them) with different graphics is a huge waste of everyone's time. Maybe someone who's good at making graphics could do a nice 'genealogy' chart showing the ancestry lineage of coins to get the full picture. Probably make quite a useful site actually