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.
RE: Announcing "Hive Folks"/ A Hive Community Tribute NFT collection