What is the point of this new coin?
What problem are you trying to solve?
I don't want to put words in the developer's mouth, but I've read them answer this question quite a few times, and I think I can provide a halfway decent answer.
Cruzbit is an attempt to simplify blockchain development. It can sometimes be the case that in order to develop new software for the Bitcoin ecosystem (for example) that a developer needs to practically be an expert on many ideas and technologies even to create the simplest of applications which will interface with the network. Having a discussion about "Bitcoin" involves many layers interoperating technologies to make transactions happen. Cruzbit attempts to reduce all of that noise to an easily understandable protocol, that can be consumed by simple and readily available tools.
A great example of this is the protocol itself. All messages in the network are simply JSON encoded strings, which are human-readable, and can be used natively in virtually every programming language. Another example is the use of WebSockets for communication. Your web browser, for example, already has everything you need to communicate with a peer on the network built in.
If you'd like to see a demonstration of the above points, have a look here:
https://cruzb.it/#chatWith the above web form you can send any message you want to a real peer on the network, and will receive a real response, using a small bit of code that took me less than 30 minutes to build from start to finish, including incorporating it into the website.
Cruzbit does away with a lot of things that other blockchains seem to rely on, thus reducing complexity, while maintaining the same level of security and service. The creator can expand on this far better than I can, but in the end, the idea is to open up accessibility to programmers of all levels, increasing comprehension, reducing development time and, by effect, allowing more cognitive space to be spent on end-users.
If you're interested in more detail on the creator's thoughts about the project, you can read their post here:
https://medium.com/@asdvxgxasjab/cruzbit-a-simple-decentralized-peer-to-peer-ledger-2944495b6129or as PDF:
https://cruzb.it/resources/cruzbit.pdf