The Neo Foundation has total assets of US $ 450 million as of the end of 2019, with a total expenditure of 1.76 million NEO

The public chain project Neo Foundation (Neo Foundation) released the 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 in NEO token assets, the Neo Foundation announced that the balance at the end of 2019 was 42,800,304 NEO, and the total annual expenditure was 1,760,015 NEO. The specific expenditure status is: 41.9% of the expenditure is for the Neo Foundation and Neo Global Development (Neo Global Development, NGD) personnel costs, marketing expenses, rentals and other operating expenses, 12.7% of the expenditures are used to encourage core developers since 2015, and 25.1% of the expenditures (approximately 502 BTC) are used for ecological project investment, including Higgs , Liquefy, Mixmarvel, Nash, Polkadot and other projects received investment, and 20.3% of the expenditure was used to fund the Neo community, including Alienworks, COZ, NEL, NEO • ONE, NeoResearch, neow3j, NEXT, NNT, NSPCC, Red4Sec and other communities .