1. Voting Period:

  • Start Time: Fixed at January 5, 2025, 00:00:00 UTC+8.

  • Duration: Starts from the start time and lasts for 7 days.

  • End Time: January 12, 2025, 00:00:00 UTC+8.

2. Voting Eligibility:

  • Participation Eligibility (addresses that meet one of the following conditions):

* Holding #IOST tokens, with a holding amount of no less than 1000 IOST.

* Voting for nodes (Staking) with a pledge amount of no less than 1000 IOST.

  • Voting Restrictions: Each address can only vote once, and votes cannot be modified or revoked after casting.

3. Initial Weight Calculation:

  • Initial Weight (TIW):

* Total Initial Weight (TIW) = Holdings (BW) + (Staking Amount (SW) * 1.2)

* Among them:

* Holdings (BW): The amount of IOST held by the user at the time of voting.

* Staking Amount (SW): The amount of IOST staked by users in the node.

  • 1.2: Staking weight coefficient.

4. Time-weighted (TW):

  • Weighting Rules: After voting starts, linear weighting is adopted, and the weight decreases as the remaining days decrease.

  • Weighting Formula: TW = 1 + (remaining days * 0.04286)

  • Maximum Weighting Ratio: 30%

Note: Among them, 0.04286 is the daily growth factor derived from evenly distributing 30% of the maximum weight over 7 days (0.30 / 7 ≈ 0.04286).

5. Final Weight Adjustment:

  • Snapshot: At the start of voting (January 5, 2025, 00:00:00 UTC+8), record each voting address's initial IOST holdings (IBW) and initial staking amount (ISW).

  • Checking and Cancelling Eligibility During Voting:

* During the voting period, continuously monitor each voting address's IOST holdings and staking amounts.

* If any voting address's (current holdings + current staking) < (IBW + ISW) * 0.9, then the voting eligibility of that address will be revoked directly.

  • Final Weight (FW) Calculation:

* For addresses that have not lost voting eligibility:

* Final Weight (FW) = Weight after Initial Time Weighting (ITW) = (Holdings (BW) + (Staking Amount (SW) * 1.2)) * TW

* For addresses that have lost voting eligibility, their final weight (FW) is 0.

6. Maximum Weight Limit:

  • Limit Setting: The maximum voting weight for a single address is 2% of the total voting weight.

  • Total Voting Weight: Calculated after voting ends, the sum of the final weights of all voting addresses.

  • Limit Application: If an address's final weight exceeds the limit, its weight will be adjusted to the limit value.

7. Definition of Proposal Approval:

Voting Options:

  • Only two voting options are provided:

* Support: Indicates agreement with the proposal.

* Oppose: Indicates disagreement with the proposal.

Voting Result Statistics:

  • After voting ends, calculate separately:

* Total weight of supporting votes (TotalSupportWeight): The sum of the final weights of all addresses that cast supporting votes.

* Total weight of opposing votes (TotalAgainstWeight): The sum of the final weights of all addresses that cast opposing votes.

Approval Rate Calculation:

  • Approval Rate (ApprovalRate): Calculated using the following formula:

// The approval rate is expressed as a percentage, for example: 50%
ApprovalRate = TotalSupportWeight / (TotalSupportWeight + TotalAgainstWeight)

Proposal Approval Conditions:

  • If the proposal's approval rate (Approval Rate) is greater than 50%, and the number of participants voting is greater than 1000, then the proposal will be approved.

IOST Introduction

IOST was established in 2017, headquartered in Singapore, and supported by top global investment institutions such as Sequoia, Matrix, and ZhenFund.

IOST 3.0 is a BNB Chain Layer2 solution focused on Real World Assets (RWA), aiming to bring institutional-level financial infrastructure into the Web3 space, building a bridge between traditional finance (TradFi) and decentralized finance (DeFi).

Through RWA tokenization, liquidity engines, and PayFi solutions, IOST 3.0 will provide enterprise-level on-chain payment and asset management services, enhancing asset liquidity, transparency, and trading efficiency, driving blockchain financial innovation.

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

IOST Brand Restructuring | Voting Governance was originally published in IOST_CN on Medium, where people are continuing the conversation by highlighting and responding to this story.