Cardano holders are being asked to bet $5 million on copper hitting a new record

From the source

Toto Finance wants 22 million ADA from Cardano’s treasury to buy tokenized copper, and the metal would have to trade well above its all-time high for holders to get their money back. Cardano’s community treasury is being asked to spend about $5 million on a copper reserve whose costs would leave the metal needing to rise nearly 50% just to recover the original investment under the proposal’s assumptions. Toto Finance , a company that turns physical commodities into blockchain tokens, wants 22 million ADA for what it calls the Cardano Strategic Copper Reserve. Voting closes Nov. 15. About two-thirds of the money would buy exchange-grade copper stored in a COMEX-approved warehouse near New Orleans. A token called CuTT would represent each verified pound. The metal would be held for 18 to 24 months, then sold over the following year, with net proceeds and unused funds returned to the treasury by month 36. There is no guarantee the treasury gets its original ADA back. The other third…

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