IOST Foundation Declares Vote on PayFi and DePIN Upgrade by November 24

IOST Foundation Announces Governance Proposal for PayFi and DePIN Upgrade

On October 21, the IOST Foundation initiated a significant governance proposal aimed at enhancing the cryptocurrency platform's position in the blockchain sector. The deadline for voting on this proposal is set for November 24, encouraging active participation from community members.

Overview of the PayFi and DePIN Upgrade Proposal

This critical proposal outlines several strategic aspects, including:

• Tokenomics Upgrade: A comprehensive overhaul of the existing tokenomics is a core component of the proposal, which aims to make IOST tokens more valuable and utility-driven.
• Ecosystem Investment: The proposal emphasizes the need for targeted investments within the IOST ecosystem to foster growth and development.
• Growth Targets for 2025: Clear growth targets have been set for the year 2025 to ensure the sustainable progression of the ecosystem.

Strengthening IOST's Position in Web3

The PayFi and DePIN upgrade is designed to bolster IOST's standing in the Web3 payment and infrastructure sectors. By redefining its strategy, the IOST Foundation aims to:

• Enhance the utility of IOST tokens by expanding their applications.
• Increase community engagement through potential incentives for token holders.
• Establish a robust infrastructure to support ecosystem growth.

Community Involvement is Key

The IOST Foundation strongly encourages all community members to participate in the voting process. Community involvement is crucial in shaping the future direction of the IOST ecosystem. By participating in governance, members can influence key decisions regarding investments, utility, and overall strategy.

Conclusion

The upcoming voting deadline on the PayFi and DePIN upgrade proposal is a pivotal moment for the IOST community. With clear growth targets and a focus on enhancing token utility, this initiative represents a step forward in the development of the blockchain sector. Community members are urged to make their voices heard and influence the future of IOST.

Call to Action: Make sure to mark your calendars for November 24 and participate in the governance voting process!