What do you guys think about this?
It's nah for me. Waste of phone's energy and battery life span.
Pi is a phone app trying to monetize and has over 13 million users.
Does these 13 million users is a legitimate stats from minepi? and are these people have anyway to sell their minepi tokens?
Pi don't use your phone's battery or CPU power to mine. It's just a pre-defined amount set within their algorithm that you get after specific time duration. So it doesn't cost you anything to mine Pi.
I used to mine Pi earlier but now they have started showing their true colors. Everyone will have to comply with their KYC rule to withdraw and use Pi token. Which is really absurd so I am not using it anymore. For a token which is not listed in the market and doesn't require a dime to mine, complying with KYC can be a costly mistake.
It's just an overhyped project which got so much attention but still failed to use this initiative. They even use Adsense to their mining app to earn some money which is funny. A well pre-planned project won't do this also as you have mentioned about their KYC. This coin is not tradable but they have implemented KYC right now which is suspicious.