SURGE caps your downside since the par value is $1. It does this while giving you unlimited potential upside since you have a $50 call option on the LSTR future price
While you wait for LSTR to cross $50 and higher, you earn 16.67% yield
Thank you to the few of you who are already SURGING in. There are only 500,000 SURGE available in this initial sale (similar to LSTR's initial sale of 100,000 LSTR tokens)
I dont know what I'm doing.
But now I need more fiat to spend on SURGE lolololol
Haha take some time to understand it is what I'd say
It's basically like buying HBD but imagine if HBD had a call option attached to it
So you earn yield with the idea that one day, if HIVE was worth exponentially more, that HBD can be converted to HIVE at the higher price
Does that make sense?
SURGE pays you yield while you wait for LSTR to be worth more than $50. After that, you can convert 50 SURGE to 1 LSTR. So if LSTR hits $60, you effectively make $10+ in upside along with all the accrued yield
$LSTR will hit $50. That is a given. It only requires enough $LEO on the balance sheet which is happening.
makes sense.
Think so. Thanks man, appreciate the lesson.
I understand better from this explanation.
Thank you so much
We're all on the same boat! (or... bloat? 😜)
How do you generate 16.67% yield ?
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What is then the total supply of SURGE?
Excellent … I need more $surge