Opera, the Nasdaq-listed browser company, has proposed a significant shift in its relationship with the Celo blockchain. The company has submitted a proposal to the Celo Governance Forum to replace its current cash agreement with a three-year token reward program. This involves a one-time transfer of 160 million CELO tokens from the unissued treasury to a multisig wallet controlled by Opera.
The proposed allocation accounts for approximately 27% of CELO's current circulating supply and 16% of its total maximum supply of 1 billion tokens. To maintain governance balance, Opera's proposal includes a restriction that limits the voting power of these tokens to no more than 10% of the total staked CELO, except in emergency situations.
Opera Seeks 160M CELO Allocation to Join Celo Core Stakeholders
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