RE: LeoThread 2025-08-14 15:56
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The initial sale of SURGE is now priced at $0.862
This is due to the HIVE price dropping and the initial sale being priced in Hive
The effective yield of SURGE right now is 17.4% at initial sale 👀
I think LeoStrategy should adjust the price of SURGE using a 3 day moving average of the HIVE price. SURGE is priced in HIVE on the order book because that’s how HE works but in reality it should be priced in USD
Long-story short: SURGE is discounted even more than the normal $0.90 initial sale because of the dropping HIVE price. This extra discount may not last for long if they add something to adjust to the HIVE price and remain priced at $0.90 in USD
The best time to hedge your profits with SURGE is right now!
- initial profit = 13.8% (since floor price after initial sale is $1)
- effective APR = 17.4% ($0.15 dividends per share * current price)
I am thinking about $LEO right now as the price came down a little and I think it's a good buying opportunity also😊.
I saw @yecier Saying this here a few days ago. Glad to see that you bring the theme so many more will realize that.