SINGAPORE — Almost a decade after Neo’s mainnet launch; Da Hongfei, Founder of an open-source, community-driven blockchain platform neoproposed a fundamental overhaul of the Neo Foundation.
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This plan will transform the network’s governance, financial model, and long-term strategy, and will return a significant portion of its value directly to the community.
The core of the proposal is Approximately 49.5 million redistribution $NEO and $GAS This represents both the original ICO value and long-term Foundation reserves that were previously under central control.
If approved, this distribution will be one of the largest in crypto history to return the value of the protocol to the community itself.
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Transition to token holder-led governance
Da Honfei’s proposal marks a shift from founder-centric decision-making to token holder sovereignty. The main elements are:
Rebuilding the Neo Foundation From Singapore to somewhere Basic structure of the Cayman Islands
transition to Memberless governance model Not dependent on founding members
Introduction bet vote and authority of last resort For token holders to break the governance deadlock
These changes are intended to create a more transparent decision-making process and align foundations and the communities they serve.
sustainable financial model
The proposal also calls for fundamental changes to the way Neo funds long-term development. Rather than relying heavily on token sales to fund operations, Neo plans to focus on the protocol-specific yield generated from tokens. $GAS.
This approach aims to increase transparency in capital management and create a financing model that is durable and aligned with network activities.
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Prepare Neo for an AI-driven future
Neo is implementing a Neo AI strategy in parallel with governance and Treasury reforms. This is an effort to position the network for AI-driven blockchain activities. Under this vision, AI agents will be able to interact directly with the Neo blockchainmanage assets and perform on-chain tasks as part of an agent-first architecture.
The announcement follows the release of Neo’s 2025 financial report, which provides greater visibility into its financial holdings and long-term plans.
“For too long, important decisions have been made centrally at the founder level.” Da Hongfei said. “This proposal returns Neo to ownership and puts the community back at the heart of the network where it belongs, creating an environment for more open, transparent and sustainable growth.”
Community review and next steps
The Neo Global Development team shared a complete restructuring proposal on social media outlining five key measures:
Foundation address to cayman structure
Governance redesign If there is an independent supervisor
Giveback II — returns 49.5 million $NEO and $GAS
betting vote Replace the current liquid model
Complete asset integration under one transparent treasury
Implementation timelines are expected to be extensive 12 monthsall commitments are publicly verifiable. Community members are encouraged to: Review, challenge and improve Proposal before final vote.
