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RE: LeoStrategy Has Acquired 10% of the LEO Supply

in LeoFinancelast month

That’s not how SURGE is designed

SURGE has a minimum value of $1. If anyone sells below $1, it’s free money for anyone who buys it

Also, as the price goes below $1, the effective APR increases

SURGE has no capped upside. I expect it will traded north of $1. Who cares if a few people dump it out of ignorance. That means profit for whoever feels like profiting off them

Efficient markets are efficient. I suspect we’ll see SURGE vastly outperform people’s expectations

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I didn't mean to disagree with the $1 proposition, just saying that deploying LPs like that will lead to an immediate arbitrage and the price will fall significantly below $1 anyway, which means a waste of the funds resources, that's all.