Looks like LeoStrategy has leaped over the 3M LEO mark with this latest round of buying. Someone (I won't mention any names 😁 ) seems to have sold a nice chunk of LEO and used the proceeds to add more SURGE to their portfolio. That's a win for everybody. LS gets more cheap LEO, LSTR holders watch the LPS move up some more, and the Lion converts some LEO into a safer, yield-paying asset.
We've now crossed the 75% sold mark. The pace is starting to really pick up. My guess is it's gone by next week at this time, probably a little sooner.
If you've been waiting, I wouldn't wait much longer...
With an instant 15% profit (or whatever it is) due to the lower hive price in pre-sale, it's a no-brainer for some whale to just snap it all up at the end and instantly cash the profit.
Welp, it's a great deal, but "instantly" cashing the profit is debatable. If the LP is going to be funded with $50k, I'm not sure how anyone could "instantly" sell 100k and have the price stay at $1. The "guaranteed" $1 is where the pool will start, but if there's nothing but selling, the price will come down. The downside protection is based on liquidation. In other words, if for some reason LeoStrategy went belly-up, SURGE shareholders would be the first people paid out and their shares would be paid out at $1.
If LeoStrategy stays in business, then the price of SURGE in the LP will face the same market pressure as anything else. More sellers than buyers will drive the price down. More buyers than sellers will move it up. But, if the price does go down, you can at least be collecting the interest. And, if you want more SURGE, you could buy it at the discount and collect the 15%, which would again be a higher yield based on your purchase price.
You’re right. I’m jumping the gun a little bit here ;)
As long as it's in the leo ecosystem, it's will help LEO to go up.
🎉 Thank you for holding LSTR tokens!
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