Neo Foundation has completed 2019 financial data review and will disclose full details in the near future

The Neo Foundation announced that it has recently completed the financial data review for fiscal year 2019, and will soon release an annual financial report to disclose to the community the use of the fund’s full-year 2019. According to the established rules of the Neo White Paper, the funds of the Neo Foundation are mainly used to continuously support Neo’s technological development, ecological expansion, community construction, and the normal operation of foundations and related institutions. The annual expenditure in principle does not exceed 15 million NEOs. On March 24, 2020, the Neo Foundation completed the normal unlocking of NEO tokens in accordance with the rules, releasing 1,660,865 NEO from the locked account to the current account. More details will be fully disclosed in the annual financial report published in early April.