PANews reported on July 12 that according to official news, IOST has officially launched a token repurchase plan with a total amount of US$3 million to enhance the long-term and stable development of the ecosystem. The plan will last for 90 days. IOST said that this repurchase demonstrates the project's firm belief in long-term value and aims to enhance the resilience of the token economic model and promote the sustainable development of the ecosystem.