$Surge gives us a call order….
@khaleelkazi Next financial product for @leostrategy capital raising rounds
- put order => $Purge
- ICO price => 4 $Hive
- valuation => $1
- Offering => 500000
- timing => $LSTR >= $10,-
15% apy (+ bonus due to discount) in HBD (same as $surge)
Utility:
Upon converting (/burning) the token: $Purge Holder can convert 1 $LSTR for $10 $HBD
Goal:
Hedging portfolio risk
interesting
So effectively a negative delta token to simulate shorting the LEO economy?
I don’t hate this. It’s ultra degen because you’re simultaneously contributing capital to LeoStrategy which funds buybacks but also shorting the LEO economy
As long as people know that the risk is losing if LEO/LSTR continue to rise is there, I’d be okay supporting something like this from LeoStrategy
Our goal with LeoStrategy is to provide financial tools. This includes shorting and other features like lending. A lot of people think shorting inherently bad but they are wrong. Shorting is a part of the market. Tokens need to be bought back to close a short
i think this is a very strong move if we launch it close to $10 as it would signal trust.
It will need to have a lot of guard rails to prevent manipulation
Going to game theory this out and maybe write a post for @leostrategy to consider
great idea btw
Keep posting stuff like this and LeoStrategy can just keep launching products. As long as they’re logical and accrete “LEO Per Share (LPS)” to the balance sheet, that’s all that matters
Thank you! I will, finally able to put my MSc in Finance & Investments to good use 😝
Awesome idea! Hedging or a way for haters to revenge trade (and make leostrategy more $LEO)!
@onealfa would love to hear your opinion on this! 🙏