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RE: Good, Bad or Indifferent | Your Feedback Wanted on LeoStrategy Products
I think for now we are considering SURGE as a stablecoins as the LSTR price are still far from $50. If you lunch a stablecoin now, why people will buy it when the SURGE offers better with the possibilities to go upside and weekly dividends? SURGE value is yet to reach $1 and in such a situation, if a stablecoin release, it may be criticized saying that "Leostrategy didn't deliver as they promised for SURGE with $1 downside protection, and now they are lunching another stablecoin (I know SURGE is not a stablecoin)". Even if the price of SURGE reach to $1, why we will go for the stablecoin? Can it give more benefit compared to SURGE? So, I don't think it's the right time to bring a new stablecoin. In case of product X I can't say anything right now without any details. And in case of RWA I think it's doing well now and has good demand of it. Whoever, is interested in it will buy specially in the presale event. Thank you for reading with patience and hearing my thoughts.
This is a fair point; SURGE is a convertible bond and not a stablecoin.
The stablecoin would be 1:1 pegged with $1 and will not deviate from it more than ~$0.01.
SURGE must be looked at entirely differently: a speculative bond that pays yield while you wait for upside.
The stablecoin would be widely used in the LeoStrategy economy inside asset pools + for sLEO lending. There are a lot of use cases that the stablecoin unlocks and we want to deliver those to the ecosystem.
However; for that to be successful, we must have a large-scale launch for the stablecoin. It is a requirement
Appreciate your comment. I was even thinking about how interesting things could get if SURGE is THE stable coin
SURGE is not a stable coin, but it offers more than a stable coin. Weekly dividends, + upside possibilities of price.