RE: LeoStrategy Token Buybacks | Re-Pegging After a 50% BTC Drawdown

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So u sell products, then find out they can't hold value and then just decide to switch how it works, i was using my yield to fund something else, now i can't do that anymore, Surge was supposed to be paying out weekly dividend to holders, now we get nothing, just the hope from u that prices will rise and what if they don't, we never get yield back and have to just accept that.

hive-167922
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The yield is still paid. It is paid directly into buybacks which drives the price up an equivalent amount

We gave this model a lot of time to prove that yield could create organic demand. It did not. The tokens have a very specific mechanism built-in for sustained periods of downturns

We could:

  1. Not do this and keep paying yield while the tokens deviate continuously (TTSLA was -60% deviated as of today)
  2. Temporarily divert stablecoin yield to buyback tokens cheap, perma-hold them in the RCBF and re-peg the assets. Then set stablecoin yield back to normal

Read the whole post please.

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And this solution is comming from the same genius mind that thought it was a good idea to sell that many tokens in a limited community, in a short time and think that by some magic that community has more money then they need and just keep buying them, u released the 3 tokenized tokens so close after eachother that u couldn't even know that the peg mechanism would work. Now with this u break the trust as u change the contract, that "Temporarily" is going to be everlasting as all those that now feel like the trust is gone will sell against u to just swallow an acceptable loss and be glad that they get at least that back. I stopped buying after i had that figured out, sadly i was in too deep with surge to just take my loss, so i used that yield for something else in the hope that i wouldn't get screwed again, but there goes my plan.

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The documentation is quite clear that "Emergency Mode" will be activated in times of extended severe deviations

Here's the good news: we had two options

  1. Let the status quo remain and tokens would continue to deviate to the downside. SURGE likely would be worth $0.25 in the near future but you would've gotten your 15% APR
  2. Temporarily divert stablecoin yields into rebased yields which still pays the yield but pays it to token rebasing (buybacks + removal from market) which leads to SURGE rising toward its peg of $1 where the stablecoin yields will then be turned back on. You're now 100% ROI from the current price + yield is back to paying HBD

It seems many aren't reading the mechanics of this before reacting.

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Ok, if i can't read, then show me the post about Surge that has that table in it, that table came from the RWA tokens, those are TTSLA, TNVDA and TGLD, those had a peg defend mechanism, for Surge that was just u get paid 15%, if u can buy lower u get more, percentage wise that is, i never read anything about an emergency mode on Surge, but hey maybe it's that i can't read.

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Can you point to the document for SURGE that says this?!

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