Neo, a prominent blockchain platform, has announced a significant restructuring proposal led by its founder, Da Hongfei. The plan aims to return approximately 49.5 million NEO tokens to the community, reducing the concentration of assets historically held by the foundation.
The token redistribution is part of a broader effort to transition Neo toward community-led governance. The updated system would introduce staked voting mechanisms, granting token holders greater influence in decision-making processes. A memberless governance format would also be adopted, removing reliance on founding members and formalizing community participation.
The proposed changes are designed to create a more resilient and transparent governance environment over time. By reducing centralized control, the plan aims to enhance long-term sustainability and improve decision-making efficiency.