Shentao TechFlow News: On March 19, according to CoinDesk, Nasdaq-listed browser company Opera (ticker: OPRA) has submitted a proposal to the Celo governance forum, requesting to replace the existing cash agreement with a three-year token reward scheme. Specifically, it involves a one-time transfer of 160 million CELO from the unreleased treasury to a multi-signature wallet controlled by Opera.
This allocation accounts for approximately 27% of CELO's current circulating supply and is equivalent to 16% of its maximum supply of 1 billion tokens. To safeguard governance balance, the proposal stipulates that voting rights for the aforementioned tokens will be limited to no more than 10% of total staked CELO, except in emergency situations.
Shentao TechFlow News: On March 19, according to CoinDesk, Nasdaq-listed browser company Opera (ticker: OPRA) has submitted a proposal to the Celo governance forum, requesting to replace the existing cash agreement with a three-year token reward scheme. Specifically, it involves a one-time transfer of 160 million CELO from the unreleased treasury to a multi-signature wallet controlled by Opera.
This allocation accounts for approximately 27% of CELO's current circulating supply and is equivalent to 16% of its maximum supply of 1 billion tokens. To safeguard governance balance, the proposal stipulates that voting rights for the aforementioned tokens will be limited to no more than 10% of total staked CELO, except in emergency situations.