This coin is directed at nothing. It uses a useless algo, it's got a huge premine and offers nothing that other pot coins out there already do. It's a true pump and dump coin.
Rumored partnership with seed distributer to asset back the currency. Premine is not huge, especially at current value + only 125,000 or so went to the devs. POT would be competition but like any business venture its all about execution besides the fact that there is definitely room in the market for multiple teams. I'd like to see listing on bittrex though.