I can't find a lot of news about the Pi Network. Is it worth still mining Pi Coins? Has it been identified as a scam yet?
It seems to be stuck at the Phase III (Enclosed) since December 2021 according to their roadmap with no further information about when it
continues with the Open Mainnet Phase III (Open).
Is there actually a community building apps and utilities on the Enclosed Mainnet for the network?
They are supposedly trading at a high price at $43.20 in exchanges like HTX. That would make me a millionaire considering how much I had on my app. I reinstalled it and tried to withdraw but not all of it are withdraw-able but a large portion is. Another hurdle before withdrawing was KYC. I didn't wanted to give mine without assurance so I made my friend do it. He said even though he have verified his KYC, they claim the tokens need to be swapped as the tokens in app and exchange are different and when he proceeded, the function to swap was not available. He's waiting for his own million but I have no hopes from it. I guess they are scams.
From what you said, it shows that it is a scam project. My younger brother will persuade me to mine pie coins for the future to get rich with, but I will reluctantly tell him, I will but deep down in me I knew that I would not be part of shitcoins.
That coin is a waste of time for a tone who wants to ha e hope with it. This is why you need to invest your money on a coin with high market cap like bitcoin for the future. Most of these altcoins will not see the future.