The problem is that whilst the license attempts to define what "competes" means, it's not a good definition. Specifically:
Competing Uses specifically include using the Software:
1. as a substitute for any of our products or services;
2. in a way that exposes the APIs of the Software; and
3. in a product or service that offers the same or substantially similar functionality to the Software.
(1) & (3) are highly subjective, and (2) attempts to assert a copyright claim over APIs (definitely doesn't work across most jurisdictions). No-one is going to seriously use this software with such a badly written and vague license.(I suspect this is on purpose, and the actual motivation of the license author is to try and discourage anyone else from using / forking the software, whilst at the same time getting marketing cred for pretending to be "open". It's a source-available license. Others may come to different conclusions).