Cardano holders asked to bet $5 million on tokenized copper hitting a record
- —The request is 22 million ADA, more than half of Cardano's remaining withdrawal allowance
- —About two-thirds buys COMEX-approved copper; token CuTT represents each verified pound
- —Toto could receive up to 3.36 million ADA, roughly 15% of the request, and keeps commercial rights to CuTT
- —Break-even assumes buying at $6.73 a pound and selling at about $10.06
Why it matters: The vote will show whether Cardano's community is willing to fund risky RWA experiments from its treasury.
Source: CoinDesk