I don't think the name is any good, just two boring words lumped together. But then again, "Bitcoin" is nothing spectacular either so for the sake of the argument let's assume "Paycoin" name is worth something. The best course of action would be to let the current coin die and revive the name 2-3 years from now. Even then it would probably still have enough negative baggage to outweigh whatever benefits the name brings.

Everything else about Paycoin is utter shit.

So yes, a sore bagholder angling for a pump. That's all the OP is doing here.