Haha, this is interesting: at the beginning of the year, the two founders of Neo publicly clashed, forcing something that wouldn’t have been done voluntarily: revealing 12 years of finances.

The first time I encountered $NEO, it was still called AntShares, and during that generation of public chains, many names are no longer mentioned today.

So when I saw this financial report, the most surprising thing wasn’t that it’s still alive, but that it’s actually doing pretty well:

In 2014, the assets were about 5.2 million dollars, and by 2025, it reached 461 million dollars.

This is impressive; projects that can survive across cycles are not common, and those that can develop substantial revenue projects are likely very rare because the industry norm is that many projects look wealthy in a bull market, but disappear as soon as a bear market arrives, either surviving by selling coins, facing internal problems, or mismanaging assets, ultimately leading to a direct soft exit.

So what is the reason Neo is able to survive?

The financial report states clearly: over these years, they basically haven’t relied on selling NEO to maintain operations; the money primarily comes from on-chain GAS earnings and investment returns, which means cash flow is maintained very well.

So here comes the question.

What projects do you think in this industry can really survive for more than a decade? What exactly do they rely on to survive?

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