Does Pi really give money?

I've been hearing a lot about Pi, the cryptocurrency that claims to reward users for simply holding the app on their phones. But I'm skeptical. Does Pi really give money? Is it just another scam trying to get people's personal information or is there actually something to it? I'm curious to know if anyone has actually received any money from Pi, and if so, how much? I'd also like to understand the underlying technology and mechanics of how Pi generates value and rewards its users. Can you help me clarify these points and provide more information on the legitimacy of Pi as a cryptocurrency?