Neo Founder Proposes Token Redistribution and Foundation Restructuring
Neo founder Da Hongfei proposed restructuring the foundation, moving to a memberless model in the Cayman Islands, and redistributing ~49.5M NEO equivalent to the community.
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- 📰 Published: April 10, 2026 at 20:00
- 🔍 Collected: April 11, 2026 at 00:25 (4h 25m after Published)
- 🤖 AI Analyzed: April 20, 2026 at 02:29 (218h 3m after Collected)
April 9, 2026, Singapore — Da Hongfei, founder of Neo, the open-source and community-driven blockchain platform, today announced a proposal regarding the restructuring of the Neo Foundation. This proposal is set to become one of the most significant foundation structural reviews in the crypto asset space.
At the core of this proposal is a plan to redistribute approximately 49.5 million NEO equivalent, combining NEO and GAS, back to the community. If executed, the economic value from the initial ICO and the foundation assets that have been centrally managed over a long period will be returned to token holders.
This proposal also introduces a new governance framework aimed at breaking Neo away from its founder dependency.
Under the restructuring, the foundation will be relocated from Singapore to a foundation entity in the Cayman Islands, transitioning to a memberless model that does not depend on founding members. Additionally, a staking-based voting system will be introduced, giving ultimate authority to the token holders.
These changes aim to curb governance stagnation and achieve more transparent decision-making over the medium to long term.
In parallel, Da Hongfei has also proposed changes to Neo's treasury model to support long-term sustainability.
The strategy shifts the focus from traditional reliance on token sales to a higher reliance on protocol-native revenue generated by GAS.
This approach aims to increase visibility into how capital is deployed and build a more sustainable funding model for the ecosystem.
Alongside this proposal, Neo has announced the "Neo AI Strategy" as part of its efforts to prepare for AI-driven blockchain activities.
This initiative presents an "agent-first" architecture where AI agents can directly interface with the network to execute asset management and on-chain processing.
This announcement follows the publication of Neo's 2025 financial report, which provided the community with visibility into the treasury and future directions.
"For a long time, crucial decision-making has been concentrated at the founder level," said Neo founder Da Hongfei.
"This proposal returns Neo to its holders and repositions the community squarely at the center of the network, where it belongs. It lays the groundwork for a more open, transparent, and sustainable growth environment, and this proposal is a vital step toward realizing that."
About Neo
Neo is an open-source, community-driven blockchain platform. It provides a developer-friendly and highly functional platform suited for building decentralized applications.
Through smart contracts, Neo enables the digitization of assets and the automation of management. It also features robust native infrastructure, such as decentralized storage and oracles, laying the foundation for the next-generation internet.
At the core of this proposal is a plan to redistribute approximately 49.5 million NEO equivalent, combining NEO and GAS, back to the community. If executed, the economic value from the initial ICO and the foundation assets that have been centrally managed over a long period will be returned to token holders.
This proposal also introduces a new governance framework aimed at breaking Neo away from its founder dependency.
Under the restructuring, the foundation will be relocated from Singapore to a foundation entity in the Cayman Islands, transitioning to a memberless model that does not depend on founding members. Additionally, a staking-based voting system will be introduced, giving ultimate authority to the token holders.
These changes aim to curb governance stagnation and achieve more transparent decision-making over the medium to long term.
In parallel, Da Hongfei has also proposed changes to Neo's treasury model to support long-term sustainability.
The strategy shifts the focus from traditional reliance on token sales to a higher reliance on protocol-native revenue generated by GAS.
This approach aims to increase visibility into how capital is deployed and build a more sustainable funding model for the ecosystem.
Alongside this proposal, Neo has announced the "Neo AI Strategy" as part of its efforts to prepare for AI-driven blockchain activities.
This initiative presents an "agent-first" architecture where AI agents can directly interface with the network to execute asset management and on-chain processing.
This announcement follows the publication of Neo's 2025 financial report, which provided the community with visibility into the treasury and future directions.
"For a long time, crucial decision-making has been concentrated at the founder level," said Neo founder Da Hongfei.
"This proposal returns Neo to its holders and repositions the community squarely at the center of the network, where it belongs. It lays the groundwork for a more open, transparent, and sustainable growth environment, and this proposal is a vital step toward realizing that."
About Neo
Neo is an open-source, community-driven blockchain platform. It provides a developer-friendly and highly functional platform suited for building decentralized applications.
Through smart contracts, Neo enables the digitization of assets and the automation of management. It also features robust native infrastructure, such as decentralized storage and oracles, laying the foundation for the next-generation internet.