Toto Finance has proposed that Cardano's community treasury allocate 22 million ADA (about $5 million) to purchase and tokenize copper, represented by a token called CuTT. The copper would be stored in a COMEX-approved warehouse and held for 18-24 months before being sold, with the treasury's return dependent on copper prices rising nearly 50% to break even if ADA's price remains stable. Toto Finance would retain commercial rights to the tokenized copper business and receive up to 3.36 million ADA for project management and related costs. The proposal, which would consume over half of Cardano's remaining treasury withdrawal allowance, requires community voting by November 15. This investment is speculative, with no guarantee of recovering the initial ADA spent, but Toto highlights copper's potential for significant appreciation over two years.
The Cardano community faces a significant decision with a proposal to allocate 22 million ADA for a copper investment. On Pluang, ADA trades at Rp3.877 with a 1-day decline of 2.07% as of Oct 23, 2026, 11:51 WIB. The market cap stands at Rp143,41 trillion, and trading volume is Rp5,8 trillion, while most users are selling (71%) rather than buying (29%), holding ADA for an average of 127 days.
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