IOST has launched a governance vote on the specifics of its project rebranding. The governance proposal covers the new IOST3.0 tokenomics, value protection mechanisms, performance goals, implementation roadmap, strategic advantages, and risk mitigation. The vote will last for about six days and currently has an approval rating of 99.7%. This follows the IOST community approving a governance proposal to rebrand the project. IOST is set to make a strategic upgrade of its network towards an infrastructure focused on PayFi and decentralized physical infrastructure (DePIN).