Do not let other people's similar projects stop you from doing this. No matter how far you handle this, what you really get from this project is a further understanding of coding and parsing. You cannot get this knowledge in depth if you simply join an existing project.
I would also like to point out that things like Linux, Ubuntu, etc., would never have existed if their original manufacturers had just jumped on a boat of another such project. Do not be afraid to do things yourself, sometimes greatness comes from this.
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