The IOST Foundation's proposal for the upgrade of IOST PayFi + DePIN aims to implement a strategic transformation for IOST

On November 21, according to official news, the IOST Foundation initiated a vote on the IOST PayFi+DePIN upgrade governance proposal on October 21. The deadline for voting is November 24. This proposal aims to redefine IOST's position in the blockchain field. The IOST Foundation calls on all community members to actively participate in the vote.

The highlights of this proposal include a comprehensive upgrade of token economics, ecosystem investment and growth targets for 2025 etc. This upgrade aims to: consolidate IOST's position in Web3 payments and infrastructure fields, enhance the utility of IOST tokens, expand its value in multiple application scenarios, promote sustainable development of the ecosystem through community incentives and improved infrastructure.