NEO (NEO)

In the interview "Zhang Li Interview NEO Co‑founder Zhang Zhengwen: Da Hongfei Should Not Keep Issuing Tokens" years ago Da Hongfei suggested that having two people jointly overseeing the Neo Foundation would slow Neo's development, leading to low decision‑making efficiency. His view is simple: "Either you leave, or I stay. I accept either outcome."; currently Neo is governed by the two founders ruling separately, with no cooperation at all, perhaps due to the bear market, the community seems to passively accept this state; the optimistic side is that both founders are still actively engaging with the community and have a detailed roadmap. Read the full article: https://t.co/UIE6RUtTBQ

$NEO is moving inside a well-defined range between $2.96 resistance and $2.54 support. A breakout from either side should determine the next short-term trend. https://t.co/TgTgTHsXeh

A few days ago, during Uncle Da's @dahongfei AMA, he mentioned "Giveback 2". He didn't elaborate, but the vague meaning is: Is it possible that there will be another Giveback in the future? I was actually a bit shocked when I heard it. Because many newcomers may not know that NEO actually did a Giveback back in the day. In 2017, NEO launched a Giveback Program. Back then, during the Antshares era, there was a crowdfunding, and after the project developed, the team made a rare decision: To return all the BTC raised at the original price to early supporters. And the most critical point is: NEO does not need to be returned. The BTC is returned directly, NEO remains in the investors' hands. I am actually one of those people. Back then I invested 18.2 BTC, and later that BTC was indeed returned. Honestly, in the entire crypto industry, this kind of thing is extremely rare. The vast majority of projects operate on the logic that: The money raised is the project's money. Investors bear the risk. But NEO's logic at the time was actually very simple: People supported the project back then, Now the project has grown, so return the money to them. You keep the NEO. This decision caused quite a stir in the community back then, many old OGs probably still remember. Looking at this financial report, many things become easier to understand. The NEO treasury is now about $460 million. $118 million cash over 1,100 BTC over 40 million NEO over 40 million GAS And the annual expenditure is roughly $18 million. To put it simply: There are plenty of bullets in the vault. Now NEO's ecosystem is indeed not the most active, that's a fact. But the crypto industry has a very realistic rule: Many projects don't fail because of technology, but because the money ran out first. When the cycle changes, the team disbands. But if a project has: Lots of money on the balance sheet The team is still there The technology is still there Then as long as new opportunities arise in the industry, it has the capability to capture another round. So after reading this report, my biggest feeling is actually simple: NEO may not be the hottest chain right now. But this project has always had a special aspect. During the hottest bull market back then, it returned the fundraising money to the community. And after many years have passed, its treasury remains thick. If someday in the future there is a Giveback 2, it could really become a very rare event in the entire crypto history.

Jumping into this Neo AMA. Always interesting to hear how a project that's been around 12+ years is thinking about what's next. Let's see what comes out of this one.

We are live with Rachel guys ! Let's learn about Neo Blockchain and what they are building across the years Would be here for a while with Rachel ❤️

Looking forward to learn more about Neo A lot of good stuff been talked about, this is huge for the industry It's going to worth every second

Always enjoy listening to teams talk about what they’re building Looking forward to hearing Neo’s vision and the direction they’re heading

Joining @Neo_Blockchain live AMA tonight with @dahongfei. Will talk governance, NeoX, and where the project is headed. Come ask your questions.