TechFlow News: On March 19, according to CoinDesk, Opera—a browser company listed on the Nasdaq (ticker: OPRA)—submitted a proposal to the Celo Governance Forum to replace its existing cash agreement with a three-year token reward program. Specifically, the proposal calls for a one-time transfer of 160 million CELO tokens from the unvested treasury into a multi-signature wallet controlled by Opera.
This allocation represents approximately 27% of CELO’s current circulating supply and 16% of its 1-billion-token maximum supply. To safeguard governance balance, the proposal stipulates that voting rights associated with these tokens will be capped at 10% of the total staked CELO, except in emergency situations.
Add to Favorites
Share to Social Media
