About #IOST PayFi + DePIN Proposal

On October 21, the IOST Foundation officially launched a groundbreaking proposal aimed at redefining IOST's positioning in the blockchain space. The proposal suggests a strategic upgrade to the existing system, building a new ecosystem centered around PayFi and DePIN. Based on IOST's strong technical foundation, the proposal is committed to achieving sustainable development, enhancing practicality, and creating a thriving ecosystem.

Community voting has now begun, with a deadline of November 24, 2024. We sincerely invite all community members to actively participate in the voting and help shape the future of IOST.

PayFi + DePIN: Origins and Advantages

The thriving development of Web3 payments and decentralized infrastructure brings unprecedented opportunities for blockchain technology. With seven years of technical accumulation, an active global community, and extensive industry partnerships, IOST has a unique advantage to lead this wave.

Core Driving Force of the Proposal

  • Huge Market Potential: Web3 payments and DePIN urgently need secure, efficient, and scalable solutions.

  • Outstanding Technical Strength: IOST's high-performance blockchain has been stable since launch, maintaining zero downtime and processing capabilities of over ten thousand transactions per second (TPS).

  • Community First: The proposal allocates 97% of newly issued tokens to community development and ecosystem construction, fully reflecting the community-driven philosophy.

Proposal Highlights

1. Comprehensive Upgrade of Token Economics

  • Token Issuance: After expansion, 50% of the tokens will be used to reward community contributions and ecosystem development.

  • Token Allocation: Community first, 97% of the tokens will be used to incentivize user participation and support ecosystem development.

2. Huge Investments in the Ecosystem

  • Over one hundred million USD in strategic investments will be used to expand partnerships and drive technological innovation.

3. Ambitious Growth Goals

  • By Q4 2025, the monthly transaction target will reach 200 million USD.

  • Integrate decentralized PayPIN networks with four million merchants in over one hundred countries/regions worldwide.

  • By the end of 2025, the on-chain real-world asset (RWA) scale of IOST will exceed one billion USD.

Community Empowerment

This upgrade aims to:

  • Consolidate IOST's leading position in Web3 payments and infrastructure.

  • Enhance the practicality of the IOST token and expand its value in multiple application scenarios.

  • Promote the sustainable development of the ecosystem through community incentives and a well-established infrastructure.

By implementing this strategic upgrade, IOST is not only adapting to changes but also leading the future of decentralized finance.

IOSTIAN, Together Building the Future of IOST

We believe in the powerful force of community-driven development. Your participation is crucial to the future of IOST! Please vote before November 24, 2024, and join us in creating a brilliant future for IOST.

Voting link: https://www.iostscan.com/govern/proposal/105

Let’s work together to build IOST 3.0 and lead the future of Web3 payments and decentralized infrastructure!

Introduction to IOST

IOST — Web3.0 Blockchain Operating System.

Founded in 2017 and headquartered in Singapore, IOST is an enterprise-level blockchain application platform developed for online service providers, supported by leading global dollar investment institutions such as Sequoia, Matrix Partners, and ZhenFund.

IOST2.0 has extremely high throughput and usability, making it a true Web3.0 blockchain operating system.

IOST2.0 — The Merge IOST adopts a Beacon Chain + Smart Chain architecture compatible with EVM, and communication between the two will use the standard Engine API.

IOST2.0 is continuously evolving and upgrading multiple sub-chains, including general-purpose EVM smart contract chains and specialized sub-chains such as NFT chains, gaming chains, AI Native chains, and more.

Goals

Achieve horizontal expansion and high throughput through the design of the POB consensus mechanism and second-layer expansion solutions. Provide a platform for third-party developers, creators, and businesses to realize value through effective ways of developing community-owned networks.

Principles

Improve transaction performance without sacrificing key attributes of decentralization, namely: privacy protection, public participation, and community immunity from malicious attacks. IOST is more decentralized than EOS based on DPOS mechanism and more scalable than ETH smart contract platforms.

IOST, witness the future of blockchain technology.

Official Website: iost.io

Block Explorer: iostscan.com

Link3: link3.to/iost

Zendesk: iost.zendesk.com

IOST Chinese Community X: x.com/IOST_CN

IOST Chinese Community Telegram: t.me/IOSTChina

IOST Chinese Community Medium: medium.com/iost-cn