When it comes to authentic project, what could make them deny their launch is because they're still working on the project and it isn't ready for the public yet. Now do understand Pi network doesn't fall under this classification as it's neither a authentic project or actually working on themselves. This is one of those ponzi like project that just survive on promotion and actually has nothing building on.
Pi reminds me of Swiftdemand. It was one of the foremost projects I came into contact in 2017 as a noob. It was a daily claim thing too. I think it was 100 Swift daily claim. At a point, the dev came open and told everyone on the telegram group that he was letting the project rest as he didn't have the financial capacity to further pursue it. That was after two years on the project. But a lot of users refused to stop claiming. They said they would make it a community driven project. Till date, they're still some users who are trying to revive the project which had already been abandoned by its owner. To me, that's like beating a dead horse.