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).
https://xeggex.com/asset/PHI
https://xeggex.com/market/PHI_BTC

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.