A hybrid token with three distinct benefits:
stability
passive income, and
future speculation
The name of the token is SURGE. This hybrid token is "LeoStrategy's first derivative financial product within the LEO Token Economy, designed for both yield and hedging."
A few days ago, I completed watching this 6-minute video about SURGE. We are told that the Leo team copied this strategy from Michael Saylor's MicroStrategy. We saw two days ago how such a strategy worked out in real-time when the proceeds from STRK ATM, STRF ATM, and STRD ATM were utilized to purchase $51.4 million worth of BTC. After that purchase, MicroStrategy now holds a total of 629,376 BTC, worth approximately $46.15 billion. Source.
As I mentioned in my son's blog:
The token could be the new standard for the crypto space to manage risk and speculate at the same time. The token offers stability with a floor price of 1 USD, a passive income of 16.67% APY paid out weekly, and a future opportunity to convert SURGE to LSTR.
I think the Michael Saylor strategy is gaining attention now; that is why the Financial Times reported:
In August, . . . American Bitcoin, a US miner backed by Donald Trump Jr. and Eric Trump, is exploring acquisitions in Japan and Hong Kong to create MicroStrategy-style treasury companies. Source.
It is good; while waiting for my funds to arrive, the prices of both SURGE and LSTR did not appreciate as I expected. And that is why, in response to this announcement, I bought 30 SURGE and 10 LSTR:
https://he.dtools.dev/tx/9daf2eded7d70ec0ee7d64ed49c9f23686d663ff
https://he.dtools.dev/tx/fada163e218deb504176891450cc770011bd1172
Let us see how all of these will work out in the months to come!