Celo targets deeper ties with popular web browser Opera via 160M token proposal
Celo proposed allocating 160 million CELO tokens to Opera to deepen their partnership and align incentives for network growth.Summary
Celo, an Ethereum Layer 2 chain focused on mobile payments, has introduced a governance proposal to grant Opera 160 million CELO tokens from its unreleased treasury. This one-time allocation aims to transition Opera from a distribution partner to a long-term network stakeholder, supporting a three-year commitment. The proposal builds upon the existing successful partnership via Opera's MiniPay wallet, which boasts over 13 million users globally. Under the new structure, Opera would commit to holding the CELO long-term, with its governance influence capped at 10% of total staked CELO. This shift replaces a recurring funding model with a one-time allocation to reduce overhead and focus on scaling adoption across priority markets like Africa, Latin America, and Southeast Asia, while supporting new initiatives like crypto payment cards.
(Source：Crypto Briefing)