NEO (NEO)

⚡ LATEST: Neo co-founder proposes an overhaul of its $461 million treasury and Pakistan reopens banking to crypto after eight year ban. Asia Express via Cointelegraph Magazine https://t.co/u6PbFX7zpD

🔐 NEO Co-Founders Clash Over $200M Treasury Control Co-founders Da Hongfei and Erik Zhang have proposed conflicting plans to restructure control of the project's $200 million treasury, according to CoinDesk. Da advocates for independent governance and multi-signature protection, while Zhang is calling for accountability investigations and his retention on the board.

🚀 Neo Co-Founder Proposes $461M Treasury Governance Overhaul Neo co-founder Da Hongfei has submitted a formal proposal to restructure the project's $461 million treasury, according to Cointelegraph. The plan would dissolve the current Neo Foundation, return control of assets to the community, and establish a new, transparent governance council. This follows public disagreements with fellow co-founder Erik Zhang over the network's management model.

Neo founder Da Hongfei has published a restructuring proposal for the Neo Foundation Da wrote: Neo is at an inflection point. The two founders have diverged in vision and priorities, producing a governance deadlock that prevents the Foundation from making critical decisions. This proposal redesigns the Neo Foundation as a founder-independent stewardship institution.

I just tune in now 🔥 I’ve been supporting Neo for the past few weeks and I am excited to hear some signals here If you have any questions this is your time to jump in and ask any questions you have 👇

okay guys, whether you’re a neo holder or not, the conversation happening in this AMA is worth tuning into it’s about how L1 foundations should be governed, how treasuries get allocated, how you restructure without losing community trust, these aren’t neo-specific questions every project in this space is navigating some version of this. most just don’t do it publicly i’m here, join me 👇

I never really thought there could be something like what @Neo_Blockchain is building A community-driven blockchain platform built for the Smart Economy, the more reason I would be paying attention on this AMA. Especially with the conversation about how L1 foundations should be governed is relevant to every project in this space. Looking forward to being enlightened here

Joining @Neo_Blockchain live AMA now with @dahongfei and @Tanzeel_Akhtar. Was on the first one in March, back to dig into the restructuring proposal. Come ask your questions. https://t.co/P3HnVvVXBn