Cardano holders asked to vote on using $5M of treasury funds to bet on copper prices

Toto Finance is seeking approval to use 22 million ADA from Cardano's treasury to purchase tokenized copper. The proposal, as described, would require copper to trade well above its all-time high for token holders to recover their funds. The request asks Cardano holders to effectively wager roughly $5 million on a record-setting copper price. The article frames the proposal as a speculative bet using community-controlled treasury assets.
This is an AI-generated summary. ShortSingh links to the original source for the complete article.




Discussion (0)
Log in to join the discussion and vote.
Log in