The current ionomy "team" is the same "team" that tried to resuscitate XPY for a year, during which time XPY went from ~$0.50 to ~$0.02. After having thoroughly failed with XPY the "team" created their own hyperinflating coin - ION (currently down ~50% since the ICO), rebranded "xpy.io" into "ionomy.com", and exchanged XPY to ION at an 8:1 rate. Here is the ionomy announcement:

http://archive.is/tuWVB