Blockchain games are considered to be the next generation of video games. After all, this idea opens up a future where players can monetize their time investments in games and has a real impact on the growth of the gaming industry.
One such project is My Neighbor Alice, which uses the ALICE token for many features.
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. Coming to this game, players invest in digital islands, build on them, find new collectibles…
ALICE is an ERC-20 token built on the Ethereum network, which can be earned in-game through events, contests, and more. The token also powers the My Neighbor Alice NFT Marketplace, allowing players to trade and profit from their creations.
Use cases for ALICE
Token ALICE is used to encourage gamers to build farms in My Neighbor Alice. For example, users who hold more ALICE and continuously stake will earn more over time.
Gamers 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 collateral. When users invest in NFT, 1% of their purchases are converted into collateral. If NFT holders want to, they can resell the asset for that portion of the collateral, guaranteed to always make some money on the investment.
My Neighbor Alice is a free-to-start game. Anyone can enter contests and slowly earn ALICE to spend on activities. Or, users invest in advance and get instant access to certain features in the game. Accessibility is at the heart of the design of the ALICE token.
My Neighbor Alice will launch a fully featured Decentralized Autonomous Organization (DAO) for fair governance, as well as full Avatar customization using the ALICE token economy. In-game governance includes suggesting additional features, voting on updates, and having a say on the game’s budget.
The interesting thing is that it is possible to play the game without a crypto wallet in the early stages. However, users who want to participate in the ecosystem will need a wallet to hold ALICE and make transactions.
Compare with competitors
The ALICE token and the video game My Neighbor Alice are not too different from other blockchain games. This game is also geared towards investing in property, developing it and selling it for profit.
However, none of these ideas stand out. Instead, My Neighbor Alice is unique in that it relies on in-game events and aesthetic farming, rather than blockchain-based gameplay.
Roadmap and development history
In early 2021, the project introduced early access on Steam exclusively for ALICE token holders. At that time, the game launched with the feature of owning and trading parcels of land, visiting other farms, chatting and doing 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 launch the NFT auction house, community, built events and more ways to play. My Neighbor Alice will launch a full year after the original version in January 2022. Update 1.0 will come with customization of avatars, clothes, and hairstyles, as well as the ability to change the character’s eye color.
ALICE token distribution plan
ALICE has a total supply of 100 million tokens. Of that, 20 million were for reserves and 21 million were transferred to the project’s ICO. 15 million tokens are allocated to the development team, advisors and 16 million are dedicated to the game’s ecosystem.
Should 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 basically necessary to participate in the game’s ecosystem.
On the contrary, if you simply want to speculate on the project and look for profit opportunities, 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 launched in Alpha state. Future price movement depends on the success of the game and the feature set that will be officially launched.
No one can confidently predict whether a speculative asset will appreciate. If the game is viewed positively and has a large user base, the ALICE token will trade at higher levels.
Uses of coin ALICE
ALICE is used to purchase in-game items. In addition, gamers can use it on the project’s NFT market, equip in-game characters and many other features.
The future of ALICE
My Neighbor Alice represents another branch of the blockchain-based gaming ecosystem. Some games focus on owning and growing planets, while others develop valuable creatures. The ALICE token and the My Neighbor Alice game target a different audience that prefers farming than any other established game. Let’s wait and see how the project will continue to develop.
According to Beincrypto
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