After a very long term delay they decided to introduce a KYC verification system that's when I knew that this project is up to no good, there are just too many good projects in this space to care about now than this Pi Coin, total waste of your time.
Exactly, Pi is not new and has been here for like years.
What we keep hearing about them is "refer your friend to get x coin, get rich, etc". So far they do not show any actual work in their technology, it feels like MLM but without any capital damage except for some of your brain cells and time.
If I were you, I would have avoided it ages ago. Not worth your time and effort obviously.