It is the new token being sold by Leostrategy.
Surge $1 floor price means that it has a redemption price of $1.
This means once all the SURGE tokens are sold at the initial price which is around the initial sale which is around 0.90 per SURGE token the price would move around the $1 price mark.
So for anyone buying at the 0.90 price per SURGE token there is a fair opportunity to see an after sale price that is going to be at least 1 dollar. So you get $1 or more per SURGE token that you hold.
Investors are getting the opportunity to buy it at 0.90 value. This is an asset whose value would not fall below the $1 mark price mark. The lower price support ensures that the price does not get lower than $1 per SUGE token.
Like HBD it gives you a yield.
For getting a yield from HBD you have to put it in a savings account and the yield is paid once a month.
For SURGE the 15% payout happens every Monday.
The yield or APR can be higher than 15% if you buy SURGE at $0.90 that is the initial sale price of SURGE.
This means that the effective yield would go up to 16.57%
Add to this the fact that the yield payout happens once a week so the compounding takes into effect and the effective yield can very possibly be better than the HBD yield.
HBD in the saving has a cooldown period when you want to withdraw it from the saving.
At the time of writing this post I do not see the option of any lockin or cooldown period for the SURGE token.
A hypothetical scenario one might say. If we look at the initial sale of the LSTR token then one finds that the initial sale was a huge success and the price from the initial sale price of $0.90 went all the way over $4 that is a huge 4X return in a matter of days.
Holding LSTR gives you the opportunity of capital appreciation.
Plus in case you hold 10 or more LSTR then you get the opportunity to get a vote from the lstr.voter account.
This dual opportunity would maintain the demand of the LSTR token at the inleo.io frontend.
Additionally the proceeds of the sale are being used to buy more and more LEO tokens.
When the price of LSTR reaches $50 then there is the option to convert
50 Surge = 1 LSTR. This option gets triggered when LSTR goes to $50 per LSTR TOKEN.
Extending this discussion, what if the price of LSTR goes much higher say it goes to $100?
In that case the price of LSTR would also go up and can easily become $2
As one can convert 50 SURGE to 1 LSTR. The 1 LSTR you get is $100 so one basically gets $100 for the 50 SURGE that one trades for LSTR.
At this point 1 SURGE = 100/50 = $2
Therefore SURGE is an interesting token with a base support price of 1 and no upper price cap.
Besides this one is getting paid a yield getting paid every week.
SURGE has a base price of $1 and no upside price cap unlike HBD.
SURGE gives you upside growth opportunity as well as downside protection.
Standard Disclaimer: The creation of this post is for education purpose only.
Do your own research and due diligence before making any investment.
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I just learn about surge token and LSTR from this post and also the potential of these two. Thank you for sharing with such details. Helpful indeed. Appreciations...!