But there is always TRON, which is already very popular and already has several dApps. It will be very difficult to compete with TRON blockhain.
There are also EOS and Ethereum as well. So what? There is always a room for alternative solutions as long as they bring value. Ebakus is obviously bringing value to the space if research it a bit you will find that it has several interesting ideas implemented. From a technology perspective it can definitely compete with EOS and TRON.