My Neighbor Alice (ALICE) Token Explained

2 min read

ALICE token is the native token for the My Neighbor Alice multiplayer farm building Metaverse game. The game is a world where users invest in virtual islands, build upon those islands, find new collectibles, and more.

ALICE is an ERC-20 token built on the Ethereum network, which you can earn in game through events and competitions, among other ways. The token also powers My Neighbor Alice’s NFT Marketplace, enabling players to trade and profit off of their creations.

Use cases of ALICE

The ALICE token incentivizes players to participate in the My Neighbor Alice farm-building game. For example, users who hold more ALICE and continually stake their holdings continue earning even more over time.

ALICE also represents in-game items like land or furniture, which can be sold or rented out to other players via smart contracts. Interestingly, the game also features NFT collateral. When a user invests in an NFT, a percentage of their purchase goes into collateral. If the NFT holder would like, they can eventually sell the asset back in turn for that collateral, ensuring they’ll always make some money back on an investment.

The ALICE token ensures My Neighbor Alice is a free-to-start video game. Anyone can participate in competitions and slowly earn their way to spendable amounts of ALICE. Or, users can invest ahead of time and gain access to certain game features right away. Accessibility is the focal point in the ALICE token’s design.

Eventually, My Neighbor Alice will launch a fully-featured Decentralized Autonomous Organization (DAO) for fair governance, as well as full Avatar customization utilizing the ALICE token’s economy. Governance within the game includes proposing additional features, voting on updates, and having a say on the game’s budget.

Interestingly, the game is playable without a cryptocurrency wallet at first. Users who want to participate in the ecosystem, however, will need a wallet to hold ALICE and make transactions.

Comparison with competitors

ALICE token and the My Neighbor Alice video game aren’t too different from other blockchain-based games. This game involves investing in property, growing that property, and then selling one’s in-game efforts for profit.

None of those ideas are too stand-out on their own. Rather, My Neighbor Alice is unique based on its in-game events and farming aesthetic rather than its blockchain-based gaming features.

Roadmap and development history

In early 2021, the project launched in Steam early access exclusively to ALICE token holders. At the time, the game launched with plot owning and trading, visiting other farms, chatting with others, and the first ever quest.

July 2021 saw multiplayer implementation and additional ways to earn tokens in-game. September then saw the DAO’s release, even more quests and activities, and new in-game characters and NPCs.

December 2021 marks the launch of the planned NFT auction house, community, built events, and more gameplay additions. My Neighbor Alice will launch fully one year after the early launch in January 2022. The 1.0 update will come with avatar customization, clothes and hairstyles, and the ability to alter character eye color.

Tokenomics

ALICE has a total supply of 100 million tokens. 20 million of those ALICE tokens are held in reserve, while 21 million went to the project’s initial token sale. 15 million tokens are allocated to the development team and advisors, and another 16 million are reserved for the game’s ecosystem.

ALICE token has bullish long term price predictions. 

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