Jun 19, 2017 | 15:51 PM EDT

Produce IOI Season 2 Release Official Name, Debut & Sign 1st Endorsement Deal

After much discussion and finishing the voting process, the boys of 'Produce I.O.I Season 2' have finally released their new group name! From now on, you can refer to the group as Wanna One.

MC BoA announced, "The group name is now going to be revealed. It is Wanna One, which means everyone will become one together." It also means that they are the only one fans want to see. Other names that were suggested for the boy group included B.O.IN.PickI.M.I., and more. However, Wanna One seems to roll off the tongue! After announcing the final 11 members, the group also revealed their official debut date. The boys are set to start promotions this early August! 

But that isn't the only great news for the boy group, they already signed their first endorsement deal as well - with popular makeup brand and show sponsor, 'Innisfree.'

The company further revealed that Innisfree said, "We believed that the Wanna One members, who all have their unique color and charm, could express the charms of the volcanic color clay mask with 7 different colors and functionalities, so we signed a contract with them. We believe they'll continue the fantastic chemistry they've shown already in 'Produce 101' season 2.

Congratulations to Wanna One for such a huge and successful start!

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