So if you buy at $1, you earn 15% APR which is the same as HBD
If you buy at $0.86 (current price because of the limited initial sale discount), then you earn 17.44% (take $0.15 / $0.86)
If you buy at $0.50, then you earn 30% APR, etc. etc.
This creates built-in buy pressure on SURGE. At 15% or $1 per SURGE, it’s already 10x better than HBD because you’ve got the upside potential from the conversion option
At $0.86 it’s an absolute steal. You’re locking in a 14% instant gain because the floor conversion is $1 per SURGE. On top of that, your effective yield is 17.44% per SURGE because you bought below the market
the trick is to buy it under $1
1 SURGE pays $0.15 in yield per year
So if you buy at $1, you earn 15% APR which is the same as HBD
If you buy at $0.86 (current price because of the limited initial sale discount), then you earn 17.44% (take $0.15 / $0.86)
If you buy at $0.50, then you earn 30% APR, etc. etc.
This creates built-in buy pressure on SURGE. At 15% or $1 per SURGE, it’s already 10x better than HBD because you’ve got the upside potential from the conversion option
At $0.86 it’s an absolute steal. You’re locking in a 14% instant gain because the floor conversion is $1 per SURGE. On top of that, your effective yield is 17.44% per SURGE because you bought below the market