PANews
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IOST Brand Redesign Proposal Approved: Total Supply Will Double to 4.264 Billion, 97% of New Supply Will Be Allocated to the Community
PANews reported on January 15 that IOST officially announced its brand redesign proposal has been approved by the community with a high vote. According to the new plan, IOST's total supply will increase from 2.132 billion to 4.264 billion over the next 60 months, with 97% of the new supply allocated to the community. Meanwhile, the circulating supply will increase by 2.22%, or 474 million IOST, one month after the brand redesign is completed.
This upgrade marks the official launch of IOST 3.0, with 50% of the new supply to be used over the next five years for network infrastructure development, community development programs, payment innovation funds, and other areas. In addition, IOST 3.0 will introduce multiple value protection mechanisms, such as an extended token unlocking plan, Layer 2 burning mechanisms, and DAO-led regular destruction activities, to ensure long-term value growth.
This upgrade marks the official launch of IOST 3.0, with 50% of the new supply to be used over the next five years for network infrastructure development, community development programs, payment innovation funds, and other areas. In addition, IOST 3.0 will introduce multiple value protection mechanisms, such as an extended token unlocking plan, Layer 2 burning mechanisms, and DAO-led regular destruction activities, to ensure long-term value growth.
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