IOST officially announced that the rebranding proposal has been approved by a majority vote in the community. According to the new plan, the total supply of IOST will increase from 2.132 billion tokens to 4.264 billion tokens over the next sixty months, with 97% of the new supply being allocated to the community. At the same time, the circulating supply will increase by 2.22% one month after the rebranding, i.e. 474 million IOST tokens. 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 plans, innovation fund in the payment field, and other areas. Additionally, IOST 3.0 will introduce several value protection mechanisms, such as the extended token unlocking plan, Layer 2 burning mechanism, and periodic destruction activities managed by the DAO, to ensure long-term value appreciation. IOST 3.0 will be implemented in three stages, including infrastructure deployment, payment protocol activation, cross-chain linkage, and global market expansion, among others. In earlier news, IOST released a new token economics: 97% of the newly issued tokens will be used for the community.