They call it a payment system. So there is going to a wallet, a marketplace and it's own exchange.
So it no necessarily a coin per se.
But it sure looks like one just well disguised as one in sheeps clothing.
![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
It is their second offering. Their first one was minecoin which I am not so sure why they stopped that one and said this is the new one to continue off of that one with the same MNC symbol for it.
![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif)
So not to sure about it entirely.
Best to ask the dev team behind it once they finish off their ICO sell off of their new creation.
![Grin](https://bitcointalk.org/Smileys/default/grin.gif)