Neo co-founder Erik Zhang has launched transparency.neo.org, a public disclosure portal that commits the Neo Basis’s momentary committee to constantly publishing each on-chain use of funds beneath its management. The portal delivers on a financial-transparency dedication Zhang made when he introduced the committee earlier this month.
The positioning operationalizes Zhang’s April 14 disclosure of the first NF fund tackle he controls, NVg7LjGcUSrgxgjX3zEgqaksfMaiS8Z6e1. When Zhang introduced the momentary committee, he pledged to publicly disclose each funding determination it makes. In his announcement on X, Zhang wrote:
After disclosing the tackle, the following step is to reveal the spending information. I’ve already launched a public web page to constantly disclose each use of funds promoted by, or determined with the participation of, the momentary committee, topic to group oversight.
4 disclosure rules information the location:
- Timeliness,
- Clear objective, with every expenditure having its objective, quantity, asset sort, and related context famous,
- On-chain verifiability, with tackle or transaction particulars supplied the place relevant, and
- Group oversight, together with the power for the group to lift inquiries primarily based on the general public information
Information might be filtered by date, standing (executed, pending, or beneath evaluate), asset sort, and key phrase. The Replace Coverage holds the committee accountable to record-by-record disclosure and states that the portal could turn into a location for long-term monetary transparency as soon as a brand new governance mechanism is established.
Preliminary information
As of April 19, the portal lists two executed information, masking 280,000 $NEO and 1 $GAS, drawn from the only disclosed tackle.
The primary is a 1 $GAS administrative switch described as “1 $GAS used to activate the momentary committee account, as transfers can’t be executed with out $GAS.”
The second is a 280,000 $NEO disbursement categorized as Payroll & Operations. It’s described as working bills and employees salaries masking the interval from October 2025 to April 2026.
The seven-month protection interval coincides with Zhang’s earlier public assertion that NF employees, group members, and his personal compensation had gone unpaid for an prolonged interval earlier than the committee’s formation. The portal doesn’t break down the 280,000 $NEO determine by recipient or position. The make up of the committee has not been disclosed.
Context
The launch arrives amid an unresolved governance dispute between Zhang and Neo co-founder Da Hongfei, every of whom has printed NF reform proposals.
The momentary NF committee established by Zhang is predicted to be dissolved as soon as the group accepts a brand new governance mechanism. Till then, new information on the NF monetary transparency web site will doc how the committee makes use of funds through the interim.
Zhang famous, “Monetary transparency can not stay on the degree of statements. It have to be mirrored in public information which are verifiable, traceable, and constantly up to date.”
The total announcement might be discovered on the hyperlink under:
https://x.com/erikzhang/standing/2045434833825042652
