I played for a couple of minutes, I would say the first thing I recommend changing is the music. It is a non-loopable track with 10s, which is very annoying. Then I'm unsure if the stats of the characters make sense since the third guy has the best ability, which is the axe, as well as the highest stats, so not much reason to play with the others. Another thing I would add is a bigger level, playing just in the screen feels really boring and repetitive. Other than that I will keep following since I'm making a VS-like myself too, and will soon put a demo here if you want to follow me too :)

Thank you for your feedback. Working at the music as we speak! (Using MuGen of course!)

I actually have some other feedback that favors the spearman so I don't know, to each his own I guess. Tuning the characters, levels and weapons is a big job, so I am currently looking for playtesters.