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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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Neo, a blockchain that has been running for more than ten years, is set to undergo a major revamp, including one of the largest token distributions in crypto history. A proposal by Neo founder Da Hongfei outlines a transformation in which 49.5 million NEO tokens would be returned to the community, a move that could help restore NEO’s original ICO value.
The proposal includes a “Giveback II” mechanism that would return 49.5M NEO to community participants. In addition to the token distribution, the plan calls for a governance redesign intended to shift the network toward a post-founder, fully decentralized model.
Under the restructuring, governance would move away from founder dependence toward tokenholder sovereignty. The Neo Foundation would also be relocated, with redomiciling from Singapore to new headquarters in the Cayman Islands.
The plan introduces a staked voting model on the Neo blockchain. It also includes last-resort options for tokenholders. The proposal states that decision-making under this model would no longer require approval from founding members, with the aim of enabling more objective outcomes among the largest NEO holders.
The restructuring is also expected to reduce governance gridlock and support long-term sustainability.
Da Hongfei’s proposal further describes a treasury model driven by protocol-native yield from GAS, intended to establish sustainable long-term funding for the Neo blockchain.
Another element of the plan is the use of artificial intelligence agents on-chain. The new NEO AI Strategy is described as enabling agents to interact directly, execute tasks, and manage assets.
Following the announcement, the NEO token rose by about 3.13% to around $2.86, according to real-time data. The four-part proposal is now under discussion on GitHub, including details on how the 49.5 million token distribution would work, with a four-year mandatory stake described as a work-alignment mechanism.
“This proposal returns Neo to its holders, putting the community at the center of the network and paving a path toward open, transparent, and sustainable growth.”
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