Because this collection is only 560 NFTs. There are 10 000 cryptopunks, for example. So the collection is 20 times smaller.
If you take punks on Hive as an example there is 20 times more of them while the Mint price of Hive folks is only 4 times higher.
If I set the price lower to 20 Hive, it would sell out to very few people and I couldnt really do much with it in terms of project roadmap.
If you take the general launches on Solana and Ethereum the mint prices go from 2 SOL (400 USD) to 0.5 ETH (2000 USD)
A portion of it will be returned to the community through giveaways, powered up to upvote content and used to bring value to the holders.
80 Hive is not only reasonable, the price will still be too low for the collection to last even one day, but with 80 Hive, I have a chance to participate as well as many other users, who don't swim in money. 75-100 Hive is the sweet spot in my opinion.
I feel like that as well. I dont expect it to sell out in such a short period of time but with a low supply of 550 NFTs holding even one gets you a decent chance of winning giveaways, upvotes, airdrops.
Thanks for the reply, and I do get some of your logic but this one puzzles me.
Surely they'll sell out because of the circulation not the price? Or are you just expecting a few to sell, increase in value, thus increasing the value of the remaining ones?
Thanks
Cg
The goal is to get people to have 1 or 2 instead of buying 50. Theres more of a chance for that happening with a higher price and if a whale gets more, then that automatically lifts the floor price of those that got only a few.
With these launches, and to be quite honest this type of approach would most certainly not work on any other chain that has whales scooping as many nfts as they can, but here it probably will since its all novel.