Cardano treasury proposes $5M copper reserve via Toto Finance

Toto Finance proposes allocating 22 million ADA (approx. $5 million) from the Cardano treasury to purchase and tokenize copper, with voting closing Nov. 15. The proposal assumes that if the full budget is spent and ADA's dollar price remains unchanged, copper prices would need to rise about 49.4% for the treasury to recover its investment. About two-thirds of the funds would buy exchange-grade copper stored in a COMEX-approved warehouse near New Orleans, while the remaining third covers storage, insurance, audits, oversight, and Toto's work. The proposal would consume just over half of the remaining 500 million ADA withdrawal cap, which runs through about July 2027, as 457.4 million ADA had already been used as of Oct. 16. Toto can receive up to 3.36 million ADA and retain commercial rights to the tokenized copper business.

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1. 110月23日 00:00收录于 10月23日 12:56单一来源有修订

   Cardano treasury proposes $5M copper reserve via Toto Financ

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