Cardano holders are being asked to bet $5 million on copper hitting a new record

Cardano’s community treasury is being asked to spend about $5 million on a copper reserve, with costs that would require the metal to rise nearly 50% to recover the original investment under the proposal’s assumptions. Toto Finance , a company that turns physical commodities into blockchain tokens, wants 22 million ADA for what it calls the Cardano Strategic Copper Reserve. Voting closes Nov. 15. Copper, also known as “Dr. Copper” for its role as a barometer of global growth, is widely tracked as a signal of industrial expansion, with rising prices often pointing to an economic boom. About two-thirds of the money would buy exchange-grade copper stored in a COMEX-approved warehouse near New Orleans. A token called CuTT would represent each verified pound.

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