
BITWU.ETH 🔆|Mar 09, 2026 10:59
Haha, this is interesting: At the beginning of the year, Neo's two founders publicly clashed, which forced something that probably wouldn’t have been done voluntarily—publishing 12 years of financials.
When I first came across NEO, it was still called Antshares. That generation of public chains had many names that no one even mentions 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, assets were around $5.2 million, and by 2025, they’re projected to reach $461 million.
That’s impressive. Projects that can survive through cycles are rare, and those that can grow their profits significantly are even rarer. The norm in this industry is that many projects look rich during bull markets, but as soon as the bear market hits, they’re gone—either relying on selling tokens to stay afloat, facing internal issues, or completely mismanaging assets, eventually leading to a soft exit or outright collapse.
So, what’s the reason Neo managed to survive?
It’s crystal clear in the financial report: Over the years, they’ve barely relied on selling NEO to sustain operations. Most of their revenue comes from on-chain GAS income and investment returns, meaning their cash flow has been managed really well.
So here’s the question:
Which other projects in this industry do you think can truly survive for over a decade? And what’s the secret to their survival?