Community Decision to Lower Floor Price on Freedom Eagles
The Freedom Eagle NFT Collection was launched one month ago today! The collection was such a fast success that it quickly became too expensive for our average community member, so we launched 3 other collections within the last 30 days to give community members various price options to purchase the (4) different Freedom NFT collections. As a community, the Founders that minted the Freedom Eagle Collection last month have decided that the current floor price of Freedom Eagle of 0.45 (very close to $100 at the current price of Solana) is too high for the current ecosystem of buyers and traders for the Freedom NFT. Because of this higher price, sales on the Freedom Eagle Collection had slowed because the current price is prohibitive for new buyers, because of the significantly cheaper alternative prices of our other NFTs. For this reason, weโve decided to relist our inventory at more affordable prices for the average community member. To make this adjustment, weโve decided to burn approximately half of the existing Freedom Eagle Collection (read the details here), effectively DOUBLING the value of the remaining Freedom Eagles. And by lowering the floor price & planning to burn approximately half the collection weโve effectively maintained the intrinsic value of all owned Freedom Eagles, while making the remaining inventory more affordable to the community, and the open marketplace. We have realized that a one time decision to make Freedom Eagle NFTs accessible to more people will contribute to further growth of all (4) Freedom NFT collections as more owners of our NFTs creates more real world value. Now that the current owners have decided to relist their items, according to their own personal preferences and goals, we trust the future price of all Freedom NFTs will attain a stronger value in the open marketplace, where buyers and sellers determine fair prices by buying and selling, according to supply and demand.