The total assets of the NEO Foundation as of the end of 2019 were US $ 450 million, and the total expenditure for the year was 6.81 million NEO

The public chain project NEO Foundation (NEO Foundation) released its 2019 annual financial report. According to the report, as of December 31, 2019, the total assets managed by the NEO Foundation were approximately US $ 450 million, including NEO tokens worth approximately US $ 375 million and GAS tokens worth approximately US $ 4.15 million. Non-NEO digital assets of USD 41.41 million and fund assets of USD 32.86 million held. Among them, regarding the changes of NEO token assets, the NEO Foundation announced that the opening balance of the book in 2019 was 49,517,932 NEO, the ending balance was 42,800,304 NEO, the total annual expenditure was 6,816,778 NEO, 3,855,297 NEO were used for operations and incentives, 1,080,665 One NEO is used for community development, and 1,880,816 NEO is used for investment and lending of funds such as NGC Fund I and Neo Eco Fund. At the same time, the operating part of the NEO Foundation spent a total of 1,760,015 NEOs. The specific expenditure status is: 41.9% of the expenditures are used for NEO Foundation and NEO Global Development (NED) personnel costs, marketing expenses, rental and other operating expenses , 12.7% of the expenditure is used to encourage core developers since 2015, 25.1% of the expenditure (approximately 502 BTC) is used for ecological project investment, including Higgs, Liquefy, Mixmarvel, Nash, Polkadot and other projects to obtain investment, 20.3% of the expenditure To fund NEO communities, including Alienworks, COZ, NEL, NEO • ONE, NeoResearch, neow3j, NEXT, NNT, NSPCC, Red4Sec and other communities.