The discounted sale of @leostrategy's SURGE token, a form of debt to buy more LEO, is now over. 500,000 SURGE were sold at 4 Hive each—that's 2 million Hive, a real outrage. I take my hat off for achieving this sale in such a short time. The initial discount was 20 percent, but given the significant drop in Hive, it has been much higher in the last few days of the token sale.
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Now that the sale is over, many buyers are having doubts. Should they keep SURGE and receive a 15% annual return or sell quickly, taking advantage of the price differential? Right now, sales are being made for over 6 Hive per token—a very tempting 50% profit, of course. But if you wait a few days, you could get a little more, since the floor for SURGE is approximately $1 or 7 Hive at the current exchange rate.
But for this, we'll have to wait for the liquidity pool to be launched on Hive-Engine, which has recently had some issues due to a DDoS attack.
I think SURGE will be a good instrument in the long run, so for now I'll stick with it, but it's up to everyone to do their own research and decide what to do with the tokens.
Disclaimer.
This is not a purchase recommendation. I am not a regulated financial analyst. Under no circumstances should this information be construed as a recommendation to buy, sell, or hold a position.
You should be aware of the risks involved in investing and conduct your due research.
The information described here may not be accurate or may change at any time, so you should always check it.
Posted Using INLEO
