Is the project name correct?

[seefood]

I am not sure if picking out the first letter and a random collection of the rest of the title can be considered an acronym. It's not a backronym either since it's not changing the title to fit a selected word. If I could suggest Midronym? I'm sure there are better words but this one you can trademark :)

Funny fact: Midronim in Hebrew means slopes, as in "don't go down that way, it's a slippery slope"...