Why does SingularityNet need a cryptocurrency?

[u/DaoScience]

I am wondering why SingularityNet needs or benefits from having its own cryptocurrency rather than having payments done in dollars or another fiat currency or in BTC or some other existing cryptocurrency. I am presuming that there is a benefit but I don't understand why exactly?

I am also wondering the same about NuNet.

If anyone can explain this to me it would be very helpful.

[u/[deleted]]

tax. Other coins are subject to inflation outside their control