Just noticed there is an token, named surge, that is gaining a lot of attention by traders or at least is trading at high volume to be something created some days ago without any project behind.
As far as I can understand, being a noob at this things, its's a smart asset whose price is determined by a formula and it's bound to increase: is it something "fair" in your opinion and is there a way to have a look at the smart contract itself.?
If someone more expert care to explain it would be very appreciated
Dont fall in this scam token , you can BUY only (all sell orders rejected by script of this token) and u will lot of similar scam tokens like this one in future

Hello. You can place an order via Online / Desktop Client or iOS mobile app. Smart Account trading isn't supported on Android apps currently. Also, as mentioned in the script of the asset, you should place an order with expiration time less than 100 minutes and take into account that a fee is 0.007 $WAVES for the process of order creation.
Sincerely,
Waves Community Manager