RE: LeoStrategy Token Buybacks | Re-Pegging After a 50% BTC Drawdown
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This is also what I understood from the debate a little while ago where someone basically said that floor price and peg are not the same.
It could easily get confused with each other IMO.
So it is extremely weird that the SURGE yield has stopped too.
But then again, I'm not all that surprised that it got to this point.
!BBH !DUO !PIMP
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I am not surprised that the price got low and wouldn't come up. Not enough capital out there that knows about it for it to reach a true price equilibrium. Only whales could afford to keep buying after the initial run. And they were getting a steal of a deal (myself included 🤣 )!
I am surprised they turned off the yield. The buybacks may bring the price back up some, but that might not be lasting. Hopefully at some point sooner than later @leostrategy will just turn the yield back on and let it ride. They are paying the same yield either way.
Fingers crossed for you, friend.
I've had to leave it a while ago and haven't had much opportunity to get back in.
!BBH
The price is excellent right now with effective yield passing 30% if they start the yield back.
Yeah, I know. That's what I had too when I bought in (I think).
Personally I like it on Base chain more than on Hive though. Having a token tied to swap.hive isn't doing the other token, regardless of which token that is, any favours IMHO.
!BBH
LOL!! Correct!
It is a bit cheaper on base right now. 1 USDC= 3.147 SURGE.
I wasn't even thinking about the price, just the fact that it could completely remove its dependency onthe Hive token, maybe even be in need of more and better marketing and than actually gain some traction.
!BBH
Yeah. I actully moved almost all of mine over to Base a little while ago!
I did that at the very beginning when it was introduced 😂
!BBH