I have never heard any information about pi coin being scam or not, but have seen people doing their kyc and whatever, though there was time I heard it was also listed but since I didn't have any picoin neither did I even mine it when others were mining it.
It was never listed. I think you've seen it with Huobi listing PI. But that's not the actual PI coin that these people are getting crazy for.
What's listed on huobi is a PI IOU and that's why even if it has been traded there and there's a price already, no one can deposit it there. So it never comes out and no one will ever be able to deposit from outside because it's an IOU.
Thank you for the clarification, I never had this idea that it wasn't a the main pi listed there, though I had some friends who lost their pi in that exchange trying to go trade their coin but when they discovered it was a fake there was no means for them to get their coin, I think it was said that the exchange was depending some percentage of fee from them to be able to get their coin withdrawn from that exchange.
I'm not sure how huobi is capitalizing in there but I think they've taken advantage of the pi holders believing that they have it. But it was clearly explained by them that it was also an IOU so they simply rode the hype while there's a volume on it. Until now, there's no clear exchange for the actua PI coin that have been there for so long and that's why many have been calling it as a scam and even I, I don't think people should put their hopes on it.