Go KJK!
Being a registered political party gives you certain legal rights and privileges. This is not about winning seats, it's about having a place on the hustings so other candidates cannot escape debate on this issue, having an advertising budget, generating publicity etc.
I've seen this done before in a very small way on an extremely niche issue:
This is not a niche issue though. By the next GE, there could be Other Party candidates fielded in constituencies across the country.