i dont know much of writing code but i guess pandacoind devs are pretty much copying the code and the devs of vertcoin are way ahead because they created it..
pandacoin is also so much premined that they easily control the prize and markets long time. so sounds like scam to me..
but, if its success i believe there is market for both of VTC and panda because pandacoin is designed especially for asian markets.
May do a quick pump and dump on that crap clone, then come back and buy more VTC.
Actually screw that, looks like it's been launched since January and already the value sucks. Profitability is 1/3rd what VTC is.
Edit: Never mind, there is already PAND Pandacoin, but a new Pandacoin is launching 2/14/14. That should be interesting on the exchanges.