Its Netcoins.
Now trading at only 0.00000638 it went up from 0.00000500 while I was typing this.
https://www.cryptsy.com/markets/view/134Why is it going up like this?
Well most of the buying is made on BTER.
http://bter.com/trade/net_cnyPrice on bter is 0.021CNY/NET and with bitcoin at 2810CNY/BTC you get a NET/BTC price of 0.00000747!!
This pretty much makes it clear that there is a lot of potential upwards!