What is My Neighbor Alice (ALICE) Token?

Blockchain games are considered the next generation of video games. After all, this idea opens up a future where gamers can monetize their time investments in games and has a real impact on the growth of the game industry.

One such project is My Neighbor Alice, which uses the ALICE token for many functions.

What is My Neighbor Alice (ALICE) Token?

The My Neighbor Alice (ALICE) token is the native token for the multiplayer farm building video game My Neighbor Alice. In this game, players invest in digital islands, build on them, find new collectibles …

ALICE is an ERC-20 token based on the Ethereum network and can be earned in-game through events, competitions and more. The token also powers My Neighbor Alice’s NFT marketplace, allowing players to trade in and benefit from their creations.

Use cases for ALICE

The ALICE token is used to encourage players to build farms in My Neighbor Alice. For example, users who hold more ALICE and invest continuously will earn more over time.

Players can also earn ALICE from in-game items such as land or furniture by selling or renting to other players through smart contracts. Interestingly, the game also allows the use of NFTs as security. When users invest in NFT, 1% of their purchases are converted into collateral. If NFT holders wish, they can resell the asset for that portion of the collateral, always guaranteed to make some cash on the investment.

My Neighbor Alice is a free game. Anyone can enter competitions and slowly earn ALICE to spend on activities. Or users invest up front and get instant access to certain features of the game. Accessibility is at the heart of the ALICE token’s design.

My Neighbor Alice will introduce a fully functional decentralized autonomous organization (DAO) for fair administration as well as full avatar customization with the ALICE token economy. In-game governance includes suggesting additional features, voting on updates and having a say in the game budget.

The interesting thing is that in the early stages it is possible to play the game without a crypto wallet. However, users who wish to participate in the ecosystem will need a wallet to hold ALICE and conduct transactions.

Compare with competitors

The ALICE token and the video game My Neighbor Alice aren’t all that different from other blockchain games. This game is also geared towards investing in real estate, developing it and selling it for a profit.

However, none of these ideas stand out. Instead, My Neighbor Alice is unique in that it is based on in-game events and aesthetic farming, rather than blockchain-based gameplay.

Timetable and history of development

In early 2021, the project introduced Early Access on Steam exclusively for ALICE token holders. At that time the game started with the function of owning and trading properties, visiting other farms, chatting and completing the first quest.

In July 2021, the game implemented multiplayer functionality and other ways to earn tokens. Then the DAO came out in September, with more quests and activities as well as new characters and NPCs in the game.

As planned, December 2021 is the time to open the NFT auction house, the community, integrated events and other play options. My Neighbor Alice will hit the market in January 2022 for a full year after the original version. Update 1.0 will include customization of avatars, clothing and hairstyles, as well as the ability to change the character’s eye color.

Token economy

ALICE token distribution plan

ALICE has a total of 100 million tokens. Of this, 20 million went to the reserve and 21 million went to the ICO of the project. 15 million tokens are allocated to the development team and advisors and 16 million are dedicated to the game’s ecosystem.

Should I buy ALICE?

If you believe in the future of blockchain gaming or want to develop a farm in My Neighbor Alice, you should consider investing in ALICE. After all, this asset is fundamentally necessary to participate in the game’s ecosystem.

On the contrary, if you just want to speculate about the project and look for opportunities to make a profit, experts advise choosing another project. Because this ERC-20 token aims to build more ecosystems instead of just focusing on profit.

Token ALICE will be valid how?

It’s hard to say how much ALICE will be worth as the price of the asset has changed a lot since the game started in the alpha state. Future price movements will depend on the success of the game and the features that are officially launched.

No one can predict with certainty whether a speculative asset will appreciate in value. If the game is viewed positively and has a large user base, the ALICE token will be traded at higher levels.

Use of the ALICE coin

ALICE is used to purchase in-game items. In addition, gamers can use it in the project’s NFT market, equip in-game characters and take advantage of many other features.

The future of ALICE

My Neighbor Alice represents another branch of the blockchain-based gaming ecosystem. Some games focus on owning planets and growing, while others develop valuable creatures. The ALICE token and the My Neighbor Alice game are aimed at a different audience than any other established game. Let’s wait and see how the project develops.

Minh Anh

According to Beincrypto

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