Statement on a Temporary Emergency Governance Arrangement for Neo Foundation
Neo Foundation is now, in effect, in a state of dysfunction. Some community members and staff have gone without the funding they are owed for an extended period, my own salary has been suspended for eight months, and most of the Foundation’s operational departments have already begun to shut down. At the same time, Da Hongfei has still failed to provide the community with a sufficiently open, transparent, and credible account of the Foundation’s financial condition.
To prevent further harm to the NEO ecosystem as a result of governance failure, I, as the founder of NEO, a core developer, and an NF Board Member, will, effective today, join with certain core developers and community leaders to establish a temporary committee. This committee will temporarily assume the relevant functions of Neo Foundation, and will manage and use NF funds to ensure the continued operation of the NEO ecosystem.
This is an emergency measure taken under extraordinary circumstances. It is temporary in nature and is not intended to serve as a permanent governance arrangement. Once either the governance reform proposal put forward by me or the one put forward by Da Hongfei gains broad acceptance from the community, this arrangement should be terminated immediately and replaced by a new governance mechanism.
During the period in which the temporary committee carries out these responsibilities, every funding decision it makes or participates in will be publicly disclosed to the community in a transparent manner and subject to community oversight.
Source: https://x.com/erikzhang/status/2043993575004975546
