A hybrid token with three distinct benefits:
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stability
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passive income, and
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future speculation
The name of the token is SURGE. This hybrid token is "LeoStrategy's first derivative financial product within the LEO Token Economy, designed for both yield and hedging."
A few days ago, I completed watching this 6-minute video about SURGE. We are told that the Leo team copied this strategy from Michael Saylor's MicroStrategy. We saw two days ago how such a strategy worked out in real-time when the proceeds from STRK ATM, STRF ATM, and STRD ATM were utilized to purchase $51.4 million worth of BTC. After that purchase, MicroStrategy now holds a total of 629,376 BTC, worth approximately $46.15 billion. Source.
As I mentioned in my son's blog:
The token could be the new standard for the crypto space to manage risk and speculate at the same time. The token offers stability with a floor price of 1 USD, a passive income of 16.67% APY paid out weekly, and a future opportunity to convert SURGE to LSTR.
I think the Michael Saylor strategy is gaining attention now; that is why the Financial Times reported:
In August, . . . American Bitcoin, a US miner backed by Donald Trump Jr. and Eric Trump, is exploring acquisitions in Japan and Hong Kong to create MicroStrategy-style treasury companies. Source.
It is good; while waiting for my funds to arrive, the prices of both SURGE and LSTR did not appreciate as I expected. And that is why, in response to this announcement, I bought 30 SURGE and 10 LSTR:
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https://he.dtools.dev/tx/9daf2eded7d70ec0ee7d64ed49c9f23686d663ff
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https://he.dtools.dev/tx/fada163e218deb504176891450cc770011bd1172
Let us see how all of these will work out in the months to come!