Pi Wallet fails to provide ownership or executive information on its website.

Pi Wallet’s website domain (“piwallet.io”), was privately registered (Njalla Okta LLC) on April 12th, 2026.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Pi Wallet’s Products

Pi Wallet has no retailable products or services.

Promoters are only able to market Pi Wallet promoter membership itself.

Pi Wallet’s Compensation Plan

Pi Wallet promoters deposit the Pi cryptocurrency (PI). Once deposited, PI can be converted into Pi Wallet’s SUPI token.

SUPI is entered into a staking investment scheme, promising “up to 30%” annually.

At time of publication SUPI token only exists within Pi Wallet. Withdrawals see Pi Wallet promoters convert SUPI back into PI to withdraw returns.

The MLM side of Pi Wallet pays on recruitment of promoter investors.

A unilevel compensation structure places a promoter at the top of a unilevel team, with every personally recruited promoter placed directly under them (level 1):

If any level 1 promoters recruit new promoters, they are placed on level 2 of the original promoter’s unilevel team.

If any level 2 promoters recruit new promoters, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

Pi Wallet caps payable unilevel team levels at ten. Referral commissions are paid as a percentage of SUPI token investment as follows:

  • level 1 (personally recruited promoters) – 10%
  • level 2 – 5%
  • level 3 – 3%
  • level 4 – 2%
  • level 5 – 1%
  • levels 6 to 10 – 0.5% to 0.05% (exact percentages not disclosed)

Joining Pi Wallet

Pi Wallet promoter membership is free.

Full participation in the attached income opportunity requires a minimum undisclosed investment in PI token.

Pi Wallet Conclusion

Pi Wallet is a typical staking Ponzi scheme.

Pi Wallet promoters deposit PI, which is converted to Pi Wallet’s worthless SUPI token.

Note a separate SUPI website has been set up on the domain “sup.gt.tc”, privately registered on July 25th, 2025.

Claimed “core team” on the SUPI website are:

  • Kim Changsoo – CEO
  • Jang Hyuk – Lead Developer
  • Woo Jangsim – Project Planner
  • Shim Young-ho – Marketing Director

Whether these people actually exist is unclear (I was unable to verify).

Both referral commissions and ROI payments are in SUPI, giving Pi Wallet complete control over withdrawals.

Pi Wallet has no verifiable (or even claimed) source of external revenue, meaning reverse conversion from SUPI back to PI is a closed-loop flow of money.

The recycling of invested funds to pay SUPI to PI withdrawals makes Pi Wallet a Ponzi scheme.

As with all MLM Ponzi schemes, once promoter recruitment dries up so too will new investment.

This will starve Pi Wallet of ROI revenue, eventually prompting a collapse.

If recruiters haven’t already dried up by then, Pi Wallet is pitching a public exchange SUPI token dump on October 1st, 2026.

This will be the usual pump and dump affair, allowing Pi Wallet’s owner(s) to further cash out on public exchanges before disappearing.

Whenever Pi Wallet inevitably collapses, math guarantees that when a Ponzi scheme collapses the majority of participants lose money.