RE: Interesting Criticism from the Leostrategy/Inleo Team
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That's more or less it. Presale purchasers give Leostrategy 4 Hive in exchange for 1 SURGE, and Leostrategy gives them back 15% yield per year based on a fixed valuation of $1.00 per SURGE.
LeoStrategy is setting aside funds equivalent to six (6) months of yield, so they have some runway to begin generating revenue.
Unless the maximum supply is altered when SURGE is migrated to BASE then the upper limit for SURGE is 2,000,000 tokens, valued at $1.0, that would leave LeoStrategy on the hook eventually to generate $300,000 in revenues annually to make yield payments, after the runway is exhausted. That's approximately $821 a day.
That's achievable if they are disciplined and tighten up their communications.
~$1300 a day (at August's hive prices) in curation across the entire hive platform (for authored posts) - and LEO / LSTR's holdings of hive do not make up a significant chunk of this, but with exchange volume, perhaps it is achievable, but apart from the ~30LEO that I somehow ended up with (without making a conscious effort to acquire it) - I will wait and see.
I am a hive content maximalist in the context of this discussion, and I do not want to see the work of genuine authors devalued by poor quality curation "at all costs" to see "investors" rewarded at any costs.
I am sure you are familiar with @themarkymarky Hive Analytics site, and the clear bias in leovoter towards subscribers:
https://hiveanalytics.usehive.com/leo-voter-premium