Browser manufacturer Opera seeks to acquire 160 million CELO tokens, accounting for 16% of the token's maximum supply.

Techub News reports, according to CoinDesk, browser maker Opera intends to replace its previously agreed cash transaction scheme with Celo with a distribution of 160 million CELO tokens. The proposal has been submitted to Celo's governance forum, aiming to replace the quarterly dollar rewards with token rewards over a three-year period. According to CoinMarketCap data, the current circulating supply of CELO tokens is approximately 600 million. Therefore, the proposed distribution would account for about 27% of the circulating supply and 16% of its maximum supply.

Opera and Celo stated that this change reflects the role of Opera's self-custody crypto wallet MiniPay on Celo. Since its launch in 2023, the wallet has reached 14 million registered users and 420 million transactions across 66 countries/regions.