Went back and searched
Actually the pre-mine was 580k coins.
... and it was a pre-mine - the fool actually mined all those blocks before releasing it
But yeah the reason for i0coin was simply because of that pre-mine.
i0coin is ixcoin without the 'fake' OP doing a 580k pre-mine.
No doubt he's seen i0coin coming back to life and wanting this too.
I'd certainly suggest any exchange that wants to risk going near this to require a MUCH larger bounty from the OP.
Better to go after i0coins than this trash.
Think I'll give this one a wide berth.