@khaleelkazi's thread

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)