RE: LeoThread 2026-03-24 16-39
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How come $SURGE trades for around $0.4? What happened to the $1 guarantee?
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You are viewing a single comment's thread:
How come $SURGE trades for around $0.4? What happened to the $1 guarantee?
There never was a guarantee for the trading price. The guarantee was that in the case of a SURGE/Leostrategy dissolution the buyback price would be $1.
At least that is how I understood it.
Does this price mean people have lost trust in it? And that they don't believe the guarantee either? Why else is there no buying pressure?
Some have almost certainly.
Probably some reason for decreased buying pressure for sure.
Also LEO is a small community and made up of mostly not high income people. Most have been tapped out from all of the Leostrategy campaigns.
Well thanks to complains like this they justify the pause of the weekly yield to "recover" the $1 price.
The guarantee was for the convertibility 1 SURGE = 0.02 LSTR so when the LSTR REACH 50 1 SURGE will be valued a $1 and if LSTR go higher you will get more than $1 if you convert the SURGE to LSTR.
Now, there is no weekly yield and I don't trust the peg will recover soon.
I did not complain, I merely asked.
Thanks for the answer, though.
they fcked up. Plain and simple.
$SURGE's $1 was a launch target, but market volatility hit hard—Hive's LEO ecosystem is building real value through NEI flywheel, not hype. Patience compounds, it'll surge past that with adoption. This ain't Bitfinex LEO, our capped supply wins long-term