What is the relationship between this coin's devs and PayCoin (XPY) ?
The coin developer for ION has zero relation or affiliation to anything related to Paycoin or XPY.
So this Adam Matlack is a different Adam Matlack?

Adam helped write and edit the whitepaper, but is not a coin developer.
good enough for me .. Im out ..
I'm not trying make you change your mind because it is your right to think what you want, but in my memory Adam just tryed to make the best of a doomed coin after the scam of Josh G (which still has to be proven in court as far as I know). I think the only thing that we could blame him is that he didn't took this step one year ago. But imo he at least tryed to help so many who where scammed.
Something so many of us including me and (most likely) you also didn't even think about.
I exchanged my xpy for ion and an willing to give them a chance. I hope it works out well.

I think that's pretty much the only alternative at this point. Paycoin is being sent to the grave so the only viable alternative is to get those xpy elsewhere. Personally I have transferred the little xpy I had left to ION as well.