This was my understanding of it (so it may be wrong): basically, a meta that is both part coin and part note. That means it can either be treated as a digital coin, used for payment of some good or service, or it can be treated as a digital security, either by effecting the purchase of a security (or value object such as digital gold in which case it it is still non-securitised) or simply by "becoming" a security when its environment is altered (similar to what happens to a “colored coin”). A digital note that is trading as a unit of cryptocurrency used for making payments on a tech platform is still a coin; once it goes beyond that point it's a note. Anything that is or reasonably can be used as a note is a metacurrency, basically. It's a slight distinction but it's an important one because a metacurrency is not always value-oriented whereas a digital note by necessity is.

re Bouties: we will be announcing generous Bounties soon and we are looking for as many Bounty hunters as possible so that is great!

re: presale, the Founder has put in 5.8 million pounds, which is about $8m, in cash himself to get the thing started. He is a notable name in China business.