Terrible news regarding the progress of the project was announced today.
The coin was listed on the xeggex.com exchange, which (according to the analysis) hosts old irrelevant projects (scam).

About the exchange. Created 145 days ago. has almost zero activity, turnover per day is very small.
The coin entered the stock exchange without an announcement, and only 2 days later they announced the release (apparently they wanted to launder money).

My personal experience is that it can be a scam.
I've been mining coins since the beginning of December.
This fact made me very sad. I wasted my time.
The listing was a Phi/BTC pair. Most non-liquid.
Even on the top exchanges, there will be no movements with such a pair. (An experienced miner will immediately understand what I'm talking about).

There is a chance that the guy who wrote earlier about the scam was right.

Warning! If you want to mine a coin, read the project carefully. Perhaps this is a waste of time.