Seems like a scam.
Everything seems like a scam to someone who has been scammed. And rightly so, as I would wager that most of us here were scammed by Moolah/Mintpal during this last fiasco.
While there are good exchanges currently available for people to use, ever since Mintpal V1 fell from grace, there has not been a solid exchange whose sole focus is on good, established, and legitimate coin projects. This is the role Renascence is going to adopt. A cryptocurrency exchange built by the community, for the community.