@khaleelkazi's thread

khaleelkazi
82
@khaleelkazi
ยท

yep and the key difference between SURGE and HBD (other than the fact that SURGE pays a higher yield) is that SURGE still lets you capture unlimited potential upside

The conversion option to convert 50 SURGE to 1 LSTR means you have unlimited upside if/when LSTR passes $50/LSTR in price

So picture this:

  1. You buy SURGE at initial offer for ~$0.90 today
  2. You earn yield (16.67% APY paid as HBD or LSTR weekly)
  3. 3 months from now, LSTR is worth $55
  4. SURGE starts surging in price - because the conversion value is now $55 per 50 SURGE = $1.10

Now say LSTR goes to $100 - which I think is likely - 1 SURGE will now be worth $2

So you get to sit back and collect yield while you wait for the inevitable rise in LSTR price to 2x your holdings. Might be 3 months. Might be 6 months but it will happen eventually

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