I never bought STRs. I rather bought a Moonbird
@moonbirds $birdstr
Before I say anything, I really admire NFT strategy. It helps a lot on NFT projects to get attention from the market. No doubt it brought the hype last month to many bluechip NFTs such as Punks, Pengu, Moonbirds, you name it. Full respect
However, there are few reasons I just let it go tho I've been monitoring new STRs and $birbstr
It's intrinsic value come from the burning mechanism. It's not NFTs it's holding. Since it buy low and sell high, STRs do not reduce the liquidity from the market. Yes, it helps to increase the price of Moonbirds. But, it keeps listing the Birds. (= number of Birds on sale stays the same)
Then, what happens? Profit goes to burn $birdstr but nothing to do with Moonbird NFTs. It definitely helps the Projects to get more royalty fee (which is huge support to the team!)
We see all the STR tokens utilizing bluechip NFTs while the STR investors expect 'wen burn' right? Similar play as Opensea or any other exchanges, so-called 'platform play'
With full agreement on what @spencer stated, I would rather focus on $birb which is for the CT, the Project team. Until then, its better to just make some more money and buy more Moonbirds. #birbish
