#IOST The Foundation has completed the burning of 70 million IOST tokens. The tokens burned in this round originated from the early ERC-20 issuance allocation of IOST, and have been included in this round of execution according to the network’s long-term token management plan. Currently, 70 million IOST tokens have officially exited circulation.
As an important part of the ongoing IOST network and ecosystem sustainable development process, this token burn further optimized the structural foundation of token supply, demonstrating the Foundation’s continued commitment to the long-term healthy operation of the token economy.
Continuously deepening ecosystem development
Maintaining the health and sustainability of the token economy is an important direction in IOST’s long-term development strategy.
In addition to this token burn, all aspects of IOST ecosystem development are also progressing in parallel, covering the strengthening of core network infrastructure, improvements in security and stability, optimization of developer tools, and further lowering the barriers for ecosystem participation—making it easier to build applications and interact with IOST.
Recent technological progress includes account security upgrades, optimized integration of SDKs and documentation, improvements in network and node performance, smart contract security audits, and ongoing development of multiple new on-chain tools.
The above efforts are jointly committed to laying a more solid technical foundation for IOST, providing strong support for the long-term development of the ecosystem.
Moving steadily toward the next phase
As IOST enters a new stage of development, the Foundation will continue to increase investment in infrastructure, developer experience, ecosystem products, and network security. At the same time, it will advance token-economy management with a prudent and responsible approach.
IOST holders can also participate in network development through staking, earning staking rewards while helping maintain network security.
For more development updates and ecosystem information, please follow IOST’s official channels.
Original Link: https://x.com/IOST_Official/status/2097294762684375474
IOST Introduction
IOST was founded in 2017 and is headquartered in Singapore, supported by world-class investment institutions such as Sequoia, Matrix Partners, and ZhenFund.
IOST 3.0 is an innovative, high-performance blockchain platform (comprising a compliant L1 mainnet and a BSC-based L2 mainnet). It focuses on real-world assets and multi-chain ecosystems, aiming to bring institutional-grade financial infrastructure into Web3 and build a bridge between TradFi and DeFi.
IOST 3.0 deeply integrates Layer 2 scaling technologies, RWA tokenization solutions, a DID verification system, and the PayFi ecosystem. It is dedicated to addressing the challenges of scalability, security, and usability in the large-scale adoption of mainstream blockchain technologies.
Official Website: iost.io
Block Explorer: iostscan.com
Link3: link3.to/iost
Zendesk: iost.zendesk.com
IOST Chinese Community X: x.com/IOST_CN
IOST Chinese Community Telegram: t.me/IOSTChina
IOST Chinese Community Medium: medium.com/iost-cn
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