Cardano faces $5 million copper reserve vote as treasury decision looms

Cardano ‘s community is evaluating a major proposal to invest roughly $5 million from its treasury in physical copper, with the aim of leveraging price gains in the metal to eventually replenish the funds. Toto Finance, a company engaged in blockchain-based finance solutions, has submitted a governance proposal requesting 22 million ADA to set up the Cardano Strategic Copper Reserve. If approved, the plan would see Cardano’s treasury acquire copper, issue tokens representing the metal, and ultimately sell the copper to return proceeds to the treasury.

Source: CoinTurk News