#PI Thank you for sharing the latest updates about Pi Network ($PI)! This is a very important development that combines financial product innovation and technological upgrades, which is a positive signal for the Pi ecosystem.

Let me explain this information to you in detail:

1. Listed on Valour in the form of ETP (priced in Swedish Krona SEK)

What does this mean?

· ETP (Exchange-Traded Product): This is a financial instrument that can be easily bought and sold on a stock exchange like a stock. It tracks the price of the underlying asset (in this case, Pi coin), allowing traditional investors to participate in investment without directly buying and storing cryptocurrencies.
· Listing Platform: Valour is a well-known cryptocurrency ETP issuer in Europe, with products listed on top exchanges such as the Nordic Growth Market (NGM). This provides Pi with high compliance and credibility.
· Pricing Currency: Priced in Swedish Krona (SEK), primarily aimed at investors in Sweden and the Nordic market, reducing their exchange rate risk and purchase threshold.
· Important significance:
· A bridge to traditional finance: This is a key step for the Pi Network towards the traditional financial world, attracting institutional investors and traditional financial investors who were previously unable or unwilling to engage with cryptocurrency exchanges.
· Enhance Liquidity: Although it is currently still in the IOU (I Owe You) model (since the mainnet Pi is not yet fully freely tradable), this provides a potential source of huge liquidity and demand for the future mainnet Pi.
· A globally recognized symbol: Being selected by well-known issuers like Valour is a recognition of the potential of the Pi project and the scale of its community.

Important note: Currently, the $PI ETP traded on Valour corresponds to the Pi that has been migrated from the mainnet to the main wallet (i.e., transferable balance). It does not come directly from mining, and its price is determined by market supply and demand, which may differ from the price after the future full opening of the mainnet.

---

2. Technical Progress: Linux Node and Protocol Upgrade

This part of the information is equally critical, as it indicates that the project is technically preparing for a large-scale mainnet launch:

· Released the Linux node version: Previously, the node software mainly supported Windows and Docker. The release of the Linux node greatly facilitates technology enthusiasts and service providers (who usually use Linux servers) to run Pi nodes, which helps to further decentralize and enhance the security and stability of the network. This is an important improvement to the ecological infrastructure.
· Protocol Upgrade and Testnet Plan:
· Test Network 1: Can be understood as the current running test network environment.
· Testnet 2: This is likely a new version of the testnet following a significant protocol upgrade. The team needs to thoroughly test the new protocol in an environment that simulates the mainnet to ensure its security, stability, and efficiency.
· Mainnet Upgrade: After thorough testing and validation on Testnet 2, the final upgrade will be deployed to the mainnet.

Testnet 2

Summary

These two pieces of news combined depict two parallel tracks of the development of the Pi Network:

1. Financial and Market Track: By connecting with traditional financial instruments (ETP), it is proactively building market demand and legitimacy, creating broad awareness and appeal for the project.
2. Technology and Infrastructure Track: A solid technical foundation is being laid for the ultimate maturity of the network and the full opening of the mainnet through the release of new node software and rigorous protocol testing.

This shows that the Pi core team has a comprehensive consideration in ecological construction, not only in creating technological products but also in building the financial and market framework around it. For Pioneers, these are positive signs that the project is progressing as planned.

Please note that all investments carry risks, and be sure to conduct your own independent research (DYOR) before making any decisions.