22 million ADA for a copper reserve: Cardano's treasury vote runs to November 15

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Toto Finance wants to swap 22 million ADA from Cardano's treasury for physical copper and represent every pound through a token called CuTT. The vote closes around November 15, and it concerns everyone who has delegated their ADA to a representative.Cardano's treasury is to swap 22 million ADA for copper. That is the core of a proposal put to the vote by the company Toto Finance: around two thirds of the sum would buy copper cathodes stored in an approved warehouse near New Orleans and represented by a token called CuTT. The metal is to be held for 18 to 24 months and sold the year after. The vote is already running and closes around November 15, 2026. For holders of Cardano, this is no distant governance footnote. Anyone who has delegated their ADA to a representative helps decide this proposal, and does so even by doing nothing at all. That is where the second half of the news lies: one of the better-known representatives gave up the post a few days ago, and the voting power d...