3 factors drive the SURGE price upward:
- $1 floor price ensures downside protection (you know it's always worth at least $1)
- Conversion to LSTR builds intrinsic value (you can convert to LSTR at any time. As LSTR rises, SURGE rises)
- Dividend yield is $0.15 per SURGE. At the presale price, the effective yield is 21% right now. If SURGE's price drops, the yield increases - driving more demand. As SURGE increases, the yield becomes less relevant and people will focus on the conversion value
Conversion between SURGE and LSTR always a win win situation.