Cardano holders are being asked to bet $5 million on copper hitting a new record
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.
CoinDesk
VOID Report: Cardano Holders Face $5 Million Bet on Copper Prices
According to CoinDesk, the plan hinges on copper trading significantly above its current all-time high for holders to recoup their investment. The proposal's success or failure depends on copper's market performance.
The proposal has been reported by at least one outlet, CoinDesk. No additional coverage from other sources has been found.
It has not been reported yet how Cardano holders will vote on the proposal or what the implications will be if it is approved or rejected.
Written with AI by Noticiero VOID from facts reported by CoinDesk. How we do it ·