$SURGE is basically a convertible note.
Here are the advantages according to Grok:
- They allow companies to raise funds quickly without immediately determining a valuation, which can be challenging for early-stage businesses. They also delay dilution of ownership until a later date.
- They offer the potential for equity upside (if the company grows in value) while providing some downside protection as debt (if the company fails and must repay the loan).
Holding SURGE allows one the opportunity to convert the token (debt instrument) into equity (LSTR) in Leostrategy. Basically SURGE is a funding mechanism that allows for balance sheet expansion without dilution in the immediate term. Only after massive appreciation will that occur (since 50 is the conversion rate).
Super cool breakdown of $SURGE as a convertible note! I love how it delays dilution while still giving that equity upside potential 🚀 Really smart funding play for Leostrategy imo
like one should think of doing business with $SURGE
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