Cardano weighs multi-million dollar copper wager

The Cardano community is voting on a plan from Toto Finance to allocate 22 million ADA toward physical copper. Two-thirds of the funds would buy exchange-grade metal stored at a COMEX facility near New Orleans.

The copper would be held for 18–24 months before being sold over the following year, with proceeds returned to the treasury by month 36.

The vote closes on 15 November. At current ADA prices the metal would need to rise roughly 49 percent for the treasury to break even.

Toto founder Monty Metzger highlighted copper’s upside potential while acknowledging that commodity prices can also fall.

Based on information from cryptonews.net