This is an interesting project. There is apparently a plan to use premine as part of a plan to engage ETH holders. That is a good use of premine, if it brings in a huge potential user base. They were quick to get listed on Stocks.exchange, and hopefully we will see more listings soon. They already have Ledger and Trezor support. I see some future, so I hope this project keeps growing...
Wow talk about instant publicity
I wish I knew/understood the plan better, but the way I understand it is that there will be a fork of ETSC that will integrate all of the ETH chain (or addresses) and give all ETH holders 1:1 ETSC for ETH that they hold AND that all of that "gift" will come from the (admittedly large) pre-mine that the dev has. And yes, that's instant publicity and all ETH holders will then have a reason to use/trade/hold or even sell their ETSC. But that means volume and users. And then people will see the features that devs want to integrate that make ETSC better than ETH.
*** Disclaimer *** This is MY interpretation of what's been presented on Discord, and I'm far from being a crypto expert.