I've followed that coin a little bit and asked some questions to the dev. I haven't taken part in the IPO, nor am really keen on the nation coin stuff, but I believe the dev is on the level. The coin shows no signs of being a shitcoin ... good features, rational planning, and the dev is going to use at least one forum member + probably bank deposit box/vault to hold the premine. Of course I can't say it's not all some elaborate scam, but if you want to go after a nation coin, this one doesn't appear to be anywhere near the top of the scam list to me.