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Is Pi mining legit or scam?

It is so strange that the said coin has not been launched and there are no details regarding the delay from the creators. People are assuming that the creators of Pi Coin are merely using the resources of people to mine coins.
One of the reason I like mining the coin is that I do not have anything to lose. And as such even if they cease to exist it will not really affect me to that extent after all no commitment of my resources is made.
 
My question with this coin is when it will be released, I have been seeing news for years that it will be released soon on the Mainnet but nothing at all, it is simply taking too long, it is true that you do not lose anything but it could be a total scam.
 
I don't think it is scam but I don't know about any exchanges where it has been listed, therefore, I am not still sure if this is legot crypto coin.
 

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