Neo co-founder Zhang Zhengwen announced the governance structure and financial status, and announced his return to mainnet management.
On January 1, news reported that NEO's two major founders, Erik Zhang and Da Hongfei, accused each other of monopolizing financial power and lacking transparency. Erik Zhang stated that he will return to the Neo mainnet for comprehensive management to safeguard the core rights of NEO/GAS holders. Meanwhile, Erik Zhang disclosed the current NEO governance structure and the status of accounts under management.
Erik Zhang said that currently, the vast majority of NEO and GAS assets of the Neo Foundation are publicly distributed across 21 initial node addresses and one multi-signature wallet. Previously, during Da Hongfei's request for him to step down from foundation management, approximately 8 million NEO/GAS tokens were transferred to multiple multi-signature addresses designated by Da Hongfei as requested. Apart from the aforementioned transparent NEO/GAS, all auxiliary assets held by the Neo Foundation (including but not limited to BTC, ETH, and other ecosystem project tokens) are currently under Da Hongfei's personal actual control. Erik Zhang stated that these assets have remained in a "black box" state for many years, and Da Hongfei has yet to provide any verifiable financial statements, asset lists, or audit certificates.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SoftBank plans to meet with investors and is considering a large-scale bond issuance
Corning signs a multi-billion dollar long-term fiber agreement with Verizon, as AI demand spills over from the chip layer to telecom operators.
Corning has signed a multibillion-dollar, decade-long fiber optic supply agreement with US telecom operator Verizon, under which it will provide more than 80 million miles of high-density fiber. The agreement will support both home broadband services and AI data center backbone networks. Previously, Corning had already secured major long-term contracts with Meta, Nvidia, Amazon, and others. The fiber demand from AI data centers is about 16 times higher than that from traditional switches, and combined with network upgrades by operators, this is driving structural growth in fiber demand.
Boeing delivered 51 aircraft in August
The Canadian dollar gave up its intraday gains after Trump's speech.
Crypto prices
More
