First Im not affiliated with Pi, Pi network is currently in early stage of development phase 2 testnet you cannot build your own blockchain in a week it takes years, about your concern on asking kyc and data theft on your phone its not new anymore hundreds of app today are stealing your identity once you use your phone or pc and connecting to internet your identity is at risk anymore including your lovelife  so if you are too concern about stealing your identity dont connect to internet simple, do you think this team from Standford University with MBA, PhD degree are ruining their reputation just to build a shitty scam app? its too early to criticize a project in early phase of development if you read thoroughly the whitepaper you will understand what protocol they are proposing read gain https://minepi.com/white-paper recently they ask members of pi pioneers in chat about ico or in app ads to sustain the development of this project and instead of using a quick and easy money ico system they decided to earn organically via in app ads and I dont see any problems here