Pure PoS. No premine. No IPO.
Initial premine by the original developer is voided in the 2.0 wallet after community takeover. All exchanges updated to our new wallet release. The original developer cannot spend his premined coins anymore. All other coins are safe. Due to past misfortunes, the new source code has been vetted and reviewed rigorously by multiple security experts, coin developers and all exchanges.
It is now one of the most reviewed and vetted source codes among all altcoins.