Singapore — Nearly a decade after Neo’s mainnet launch, Da Hongfei, founder of the open‑source, community‑driven blockchain platform Neo, has proposed a sweeping overhaul of the Neo Foundation.
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The plan would transform the network’s governance, treasury model, and long‑term strategy — and return a significant portion of value directly to the community.
At the heart of the proposal is a redistribution of approximately 49.5 million NEO and GAS back to tokenholders, representing both original ICO value and long‑held foundation reserves that have previously remained under concentrated control.
If approved, this distribution would be one of the largest in crypto history to return protocol value to the community itself.
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Shifting to Tokenholder‑Led Governance
Da Hongfei’s proposal charts a shift from founder‑centric decision‑making toward tokenholder sovereignty. Key elements include:
Redomiciling the Neo Foundation from Singapore to a Cayman foundation structure
Transitioning to a memberless governance model that does not rely on founding members
Introducing staked voting with last‑resort powers for tokenholders to break governance deadlock
These changes are designed to create a more transparent decision‑making process and align the Foundation with the community it serves.
A Sustainable Treasury Model
The proposal also calls for a fundamental change to how Neo funds its long‑term development. Instead of relying heavily on token sales to finance operations, Neo plans to emphasize protocol‑native yield generated from GAS.
This approach aims to make capital management more transparent and create a funding model that is durable and aligned with network activity.
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Preparing Neo for an AI‑Driven Future
In parallel with governance and treasury reforms, Neo is introducing its Neo AI Strategy — an initiative to position the network for AI‑driven blockchain activity. Under this vision, AI agents will be able to interact directly with the Neo blockchain, manage assets, and execute on‑chain tasks as part of an agent‑first architecture.
The announcement follows Neo’s release of its 2025 financial report, which provided greater visibility into treasury holdings and long‑term plans.
"For far too long, key decisions have stayed concentrated at the founders level," said Da Hongfei. "This proposal returns Neo to its holders, putting the community back at the center of the network, where they should be. It creates an environment for more open, transparent, and sustainable growth."
Community Review and Next Steps
The Neo Global Development team shared the full restructuring proposal on social media, outlining five core measures:
Foundation redomicile to the Cayman structure
Governance redesign with an independent Supervisor
Giveback II — returning 49.5M NEO and GAS
Staked voting replacing the current liquid model
Full asset consolidation under one transparent treasury
The implementation timeline is expected to span 12 months, with all commitments publicly verifiable. Community members are encouraged to review, challenge, and improve the proposal before a final vote.
