Time To SURGE
As if the InLeo community isn't already pumping and altering the Cryptocurrency community with it's latest move that saw it's native token $LEO go into double digits and on bLEO surpass the price of $HIVE. While also seeing the launch of @leostrategy with the token tipped to hit the USD $30 point at some time come's their latest launch of the SURGE Token.
But what exactly is SURGE? what will it achieve or hoping to achieve considering the latest success of LSTR and LEO a lot of Lions are anticipating this token to also perform well in the coming year.
Today we're going to do a quick overview from what we've been told and hope to learn more along the process.
What Is SURGE?
SURGE is going to be a perpetual preferred token with no maturity date with a 15% stated annual yield (paid weekly in HBD) and a par value of $1 per share. During its limited initial sale people will be able to purchase the token on TribalDex for USD 0.90.
This sale is planed to boost the effective yield to 16.67%. Unlike traditional equity SURGE plans on blending elements of both debt and equity to deliver a stable income while also offering upside potential through conversion into LSTR at a later date.
But What About LSTR?
LEO may have already seen significant price growth recently but with a market cap of just USD 6.6M, LeoStrategy sees plenty of room for expansion especially as LeoDex grows. Currently doing over USD 8M in monthly trading volume, LeoDex is expected to hit USD 100M+ per month in the coming years. All of this translates into more fee revenue and more USDC yield with more LEO acquisitions.
For early participants, SURGE offers a 16.67% effective yield a rare number in today’s crypto markets. If SURGE trades below USD 1 and the effective yield increases this could attract more demand. If it trades above USD 1, the conversion to LSTR becomes an attractive long term playespecially if LSTR’s value exceeds $50.
So let's see how this goes. What are your thoughts on the SURGE token, will you be buying in?
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