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, the total supply of IOST 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. At the same time, the circulating supply will increase by 2.22% one month after the brand redesign is completed, which is 474 million IOST.

This upgrade marks the official launch of IOST 3.0, with 50% of the new supply allocated over the next five years for network infrastructure development, community development programs, payment innovation funds, and other areas. Additionally, IOST 3.0 will introduce multiple value protection mechanisms such as an extended token unlock plan, Layer 2 burning mechanisms, and DAO-led regular destruction activities to ensure long-term value growth.

The implementation of IOST 3.0 will be completed in three phases, covering infrastructure deployment, activation of payment protocols, cross-chain bridging, and global market expansion.

Previous news indicated that IOST released a new type of token economics: 97% of newly issued tokens will be used for the community.