Toto Finance Requests 22 Million ADA for Copper Investment

Toto Finance is requesting 22 million ADA from the Cardano treasury for the purchase of copper, of which 14,724,409 ADA, nearly 67 percent, is intended for physical copper. The proposal has not yet been approved, and the voting will run until November 15. The copper must be stored in an approved warehouse in the U.S., and for each pound of copper, Toto Finance plans to issue a token called CuTT. The metal must be sold within 18 to 24 months, with the net proceeds returned to the Cardano treasury within 36 months. The remaining 7,275,591 ADA is intended for execution, storage, insurance, audits, legal fees, and project management. To break even, the copper price must increase by nearly 50 percent, from $6.73 to about $10.06 per pound. The outcome is not guaranteed and may be affected by fluctuations in the ADA price, copper price, and additional costs. Voting ends on November 15, 2026; if the proposal does not receive the required support, it will be discarded.

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