According to CoinDesk, Nasdaq-listed browser company Opera (ticker: OPRA) has submitted a proposal to the Celo Governance Forum requesting to replace its existing cash agreement with a three-year token reward program, involving a one-time transfer of 160 million CELO from the unissued treasury to a multisig wallet controlled by Opera. This allocation represents approximately 27% of CELO’s current circulating supply and 16% of its maximum supply of 1 billion. To preserve governance balance, the proposal restricts the voting power of these tokens to no more than 10% of the total staked CELO, except in emergencies.
Opera Proposes 160M CELO Allocation to Become a Celo Core Stakeholder
TechFlowShare
Summary
Opera, the Nasdaq-listed browser company (OPRA), has proposed a new token listing plan to the Celo governance forum. The plan replaces its cash agreement with a three-year token reward structure, including a 160 million CELO allocation from the unvested treasury to Opera’s multisignature wallet. This represents 27% of the current CELO supply and 16% of the maximum 1 billion CELO supply. Voting power is capped at 10% of total staked CELO to maintain governance balance. The move aligns with recent token launch developments in the crypto space.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.