Toto Finance seeks 22 million ADA from Cardano treasury to buy tokenized copper


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Cardano holders are being asked to spend $5 million buying copper. The catch? Copper would need to rise nearly 50% for the treasury to recover its money, assuming the full budget is spent. That's well above the metal's previous record. Here's what I found. 🧵
Cardano Treasury Faces $5M Copper Bet Toto Finance (@totofinance) wants Cardano’s (@cardano) community treasury to fund a copper reserve through a 22 million $ADA (~$5 million) proposal. Toto Finance plans to hold the metal for up to two years before selling it. About…
Cardano holders are being asked to put $5 million into copper. Because apparently waiting for cardano:native to hit a new high wasn’t enough suspense. The proposal needs copper to rise nearly 50% just to break even assuming ADA’s price politely stays exactly where it is. From…
Tracked accounts lean long about 97% of the time, so a long-heavy book is normal, not a signal. As of 24 Oct 07:45 UTC.
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As of 24 Oct 09:40 UTC.
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