SURGE is about to be live in the market
It's important to understand how SURGE works
The floor price is $1. You know for a fact that SURGE will always be worth at least $1 in long timeframes
If SURGE drifts below the $1 floor, it becomes increasingly profitable to purchase SURGE. Why? Check out the price table below
SURGE has:
- A $1 floor price via liquidation preference
- Conversion value to LSTR (as LSTR rises, this intrinsic value rises)
- $0.15 fixed yield
So for each $0.01 SURGE Drifts below the $1 floor price, the profitability of buying it increases. SURGE is designed as a reflexively priced asset. Bend it lower and the springboard back up to the $1 peg becomes increasingly strong
We need to relearn how SURGE works. Let's see how it goes from now on
An how exactly to liquidate SURGE?
This is important, my boss will demand me to answer this question @leostrategy