Smart Ways to Make Money with SURGE without Selling your Asset

The SURGE presale is done and the dust has fully settled, but there is one thing that people are still waiting to actualize - the $1 floor price. According to the Leostrategy team, price volatility is expected to be very high at this early stage since most people would want to take early profits. The price will eventually normalize around the $1 floor with time, and could go further than that.

While waiting for the $1 floor price, it's good to know how you can make more money from your SURGE. Leostrategy has built a lot of systems around SURGE to give opportunities for holders to maximize their profits on SURGE.

First, we need to know how SURGE actually works, because a lot has been revealed since SURGE went live on the market a day ago. According to the latest Leostrategy post, SURGE works like a rubber band that always wants to bounce back to $1 or higher. The lower it trades below the floor price, the stronger its strength of rebound to the $1 floor. Because people have the opportunity to buy more so that they can make profits when it bounces back to $1. That's its special design, a floor price of $1, but no ceiling.

With that little understanding of how SURGE works, we may have to wait for a few days or even weeks or months for the $1 floor to balance out. But while waiting for that to happen, there are other ways to make money with SURGE which you can take advantage of.

The first and maybe the most profitable way to make money from your SURGE is through liquidity pool. You can provide liquidity on the SURGE and USDC pairs on Base to earn fees on every trade that happens. The liquidity pool is available on Uniswap and you can set it up in no time. Earning APR on this pool is up 273% annual return, because the pool takes 1% fees on every swap, which is then paid to liquidity providers.

The second way you can make money with SURGE is by trading the price movement. This is where the rubber band effects applied. Whenever SURGE drops below $1, it creates the opportunity for more people to buy at a discount. For example, at the time of writing, SURGE is trading around 80 to 83 cents. If you buy now, you could be making up to 25% in profits when it bounces back to the $1 floor, because that's how it's designed to maintain the floor price. Moreover, while you are waiting for the price to recover, you earn yield for the time you hold it if you hold more than a week before the price normalizes.

The third way to make money with SURGE is simply holding to earn that sweet steady weekly dividend. Anyone who doesn't want to stress himself going through the first two ways discussed above could simply hold their SURGE and keep collecting their payout every week.

SURGE is designed to be a money making asset whichever way you throw it, except when you sell it and hand the income right to another person. In essence, SURGE is your right to steady passive income from Leostrategy company.

You should know that SURGE is a multichain asset - now live on Base and Hive-Engine networks. You can move your SURGE between the two networks using the SURGE Cross-Chain Oracle, a bridge designed by Leostrategy to enable Cross-Chain trading activities with SURGE. A small fee of 2% is applied for moving between the two networks.

Additionally, you can trade SURGE on Leodex. This gives the opportunity for people to buy SURGE with other cryptocurrency like BTC, ETH, DASH, USDC, and more by a simple swap.

You may want to know how to move your SURGE to Base network and back to Hive-Engine. You don't need to worry, we got you covered.

Moving SURGE from Hive-Engine to Base requires a few simple steps.

Get your Base wallet address from your Base app. The address starts with "0x", take note of that.
Next, send your SURGE tokens to "@surge.oracle" on Hive-Engine
On the memo field paste your Base wallet address
Wait a few minutes to receive your SURGE on Base. That's how simple it is.

To move SURGE back to Hive-Engine from Base takes a different route.

The first thing to do is to get the SURGE contract address on Basescan
After that, connect your Base wallet to Basescan
Then, look for the "ConvertTokenWithTransfer" function and click on it
On the destination box, enter your Hive username
Enter the SURGE amount you want to send
Then, confirm the transaction. You will receive your SURGE on Hive-Engine shortly.

Note that the 2% bringing fee is applicable in either direction. This is worth keeping in mind when making your move.

If this bridging method seems a bit technical for you, don't worry too much, the Leostrategy team is building a SURGE users dashboard where bridging can be done in a simple manner. For now, you can either use the manual method as described in this post or wait for the SURGE users dashboard to be released.

Everything is done to make SURGE profitable, but you must remember that we are still at the early days with SURGE. Like any new financial instrument, the price of SURGE might be unstable in its early days. But by its design, it should always try to move back to around $1 floor.

To know more about the information shared in this post, read the latest article by @leostrategy.

Have a blissful SURGE journey!

Posted Using INLEO