IOST governance voting on rebranding underway

The scalability-focused blockchain project, IOST, announced on X that it has initiated governance voting on the details of its project rebranding. The proposal outlines key components, including the Resource Allocation Framework, Value Protection Mechanisms, Performance Targets, Implementation Roadmap, Strategic Benefits and Risk Mitigation strategies. The voting began on Jan. 4 at 16:00 UTC and will last for seven days, concluding on Jan. 11 at 16:00 UTC. The current approval rate is 99.7%. Previously, the IOST community had approved a governance proposal centered on rebranding.