Neo Foundation committee launches funding transparency portal

Neo co-founder Erik Zhang has launched transparency.neo.org, a public disclosure portal that commits the Neo Foundation’s temporary committee to continuously publishing every on-chain use of funds under its control. The portal delivers on a financial-transparency commitment Zhang made when he announced the committee earlier this month.

The site operationalizes Zhang’s April 14 disclosure of the primary NF fund address he controls, NVg7LjGcUSrgxgjX3zEgqaksfMaiS8Z6e1. When Zhang announced the temporary committee, he pledged to publicly disclose every funding decision it makes. In his announcement on X, Zhang wrote:

After disclosing the address, the next step is to disclose the spending records. I have already launched a public page to continuously disclose every use of funds promoted by, or decided with the participation of, the temporary committee, subject to community oversight.

Four disclosure principles guide the site:

• Timeliness,
• Clear purpose, with each expenditure having its purpose, amount, asset type, and relevant context noted,
• On-chain verifiability, with address or transaction details provided where applicable, and
• Community oversight, including the ability for the community to raise inquiries based on the public records

Records can be filtered by date, status (executed, pending, or under review), asset type, and keyword. The Update Policy holds the committee accountable to record-by-record disclosure and states that the portal may become a location for long-term financial transparency once a new governance mechanism is established.

Initial records

As of April 19, the portal lists two executed records, covering 280,000 $NEO and 1 $GAS, drawn from the single disclosed address.

The first is a 1 $GAS administrative transfer described as “1 $GAS used to activate the temporary committee account, as transfers cannot be executed without $GAS.”

The second is a 280,000 $NEO disbursement categorized as Payroll & Operations. It is described as operating expenses and staff salaries covering the period from October 2025 to April 2026.

The seven-month coverage period coincides with Zhang’s earlier public statement that NF staff, community members, and his own compensation had gone unpaid for an extended period before the committee’s formation. The portal does not break down the 280,000 $NEO figure by recipient or role. 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, each of whom has published NF reform proposals.

The temporary NF committee established by Zhang is expected to be dissolved once the community accepts a new governance mechanism. Until then, new records on the NF financial transparency website will document how the committee uses funds during the interim.

Zhang noted, “Financial transparency cannot remain at the level of statements. It must be reflected in public records that are verifiable, traceable, and continuously updated.”

The full announcement can be found at the link below:
https://x.com/erikzhang/status/2045434833825042652