I see this project just like Monero and other anonymous coin that we already have, why we are not focus on develop the current anonymous coin instead of create new one and give more burden to the blockchain?
Yaa you are right but it's just like saying once we have bitcoin or ethereum what is the need of creating other cryptocurrencies.
Every innovation or technology have its flaws and drawback and what veil project did is to work on the flaws and drawback of the current privacy coins we have by integrating and combining modern technology like combining monero's RingCT technology and Zerocoin protocol to offer more anonymity and privacy.
I have read about the project and quite impress.
I agreed on your point, but we must caution about the negative side effect of anonymous coin when it can use for criminal and money laundering, it’s also the root of criminal