RE: LeoThread 2025-09-27 11:20

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$SURGE is a convertible note.

It is a debt instrument that can be converted into an equity asset (LSTR). This is no different than a debt instrument that can be converted, at some point, to stock.

What is special here is that the instrument is perpetual. It does not expire. That means one can simply collect 15% APR forever while also enjoying upside move in the asset price.

THIS IS NOT A STABLECOIN.

leofinance
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I really love the idea of SURGE

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One of my favorite things in the Leoverse so far!

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Same here. I never put this much money in HE before! More to come shortly I think 🤔

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I also like SURGE as for that. But for the temporary time it can be considered as stablecoin till LSTR cross 50$.

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I was seeing a lot of talk about $SURGE in here. But, I guess this was the best explanation to why people were talking about it..

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Thanks, I get it now. I was looking at it from a strictly crypto model when it has elements beyond that.

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