What is ALICE Token and My Neighbor Alice game overview?

• Overview of My Neighbor Alice
• What is ALICE token?
• How My Neighbor Alice Works
• What makes My Neighbor Alice unique and attractive?
• Conclude

Overview of My Neighbor Alice

My Neighbor Alice (MNA) is inspired by popular multiplayer building games like Animal Crossing and FarmVille. However, My Neighbor Alice has a Blockchain twist, allowing users to become owners of unique digital assets.

This has huge potential for gamers to earn passive income from creating virtual lands, collecting interesting items. Moreover, the game encourages community interaction for everyone to meet new friends.

MNA Logo

In addition, My Neighbor Alice is decentralized with an encrypted governance system. The game is designed to be controlled by the user. ALICE token holders can propose updates and vote on any changes to the protocol.

The game is developed by Antler Interactive, a gaming company that has been developing many exciting games since 2016. My Neighbor Alice will tap into Antler's existing network to be accessible across all game stores. big including Steam.

Currently, My Neighbor Alice is available through the My Neighbor Alice website and will also be available on Steam from July 2021. This means no wallet or blockchain experience is required to play My Neighbor Alice.

What is ALICE token?

My Neighbor Alice is a free game for everyone to play. However, depending on how much you want to get into the game, you will most likely need to purchase some ALICE tokens to purchase the content in it. In addition, the ALICE token is currently the only cryptocurrency used in the My Neighbor Alice marketplace.

The ALICE token is represented as both ERC-20 and BEP-20 token standards, allowing for high flexibility and interoperability between some of the largest Blockchains. The ALICE token hit an all-time high of $40.93 shortly after its release on March 15, 2021 according to CoinGecko. Here is some information about the ALICE token at the time of this writing:

• ALICE token price: 8.10 USD.
• Market capitalization: 140,945,123 USD.
• Dominating market capitalization: 0.01%.
• 24h trading volume: $85,809,092 USD.
• Maximum supply: 100,000,000.

ALICE tokens.

Holding the ALICE token allows you to experience exclusivity in the game, vote on proposals to develop updates, and purchase items on the market. So with ALICE token, what can you do?

In-game currency

ALICE tokens can be used in the marketplace to purchase assets and also skill packs as well as special in-game items. Users can create their own land and buy properties to create experiences for themselves or other users.

User-designed revenue model

For in-game land and properties, owners can design rental features and collect visitor fees. For example, users can charge players who want to visit museums on their island.

Special content

Fixed rewards also include exclusive game content and digital assets. There are certain missions and special features (store opening) that are only available to ALICE token holders to stake for a fixed period of time.

Social features

Furthermore, My Neighbor Alice creates a decentralized social community of players aka neighbors. You can send ALICE tokens in chats with neighbors, display assets to visitors, or exchange NFT assets.

Play for rewards

This model means that players can earn ALICE tokens through participating in competitions or completing in-game quests. It is intended to encourage users to contribute to the game and maintain traction. They can be exchanged for in-game assets to be traded.

Furthermore, it serves as the voting power in the decentralized governance model. Inspired by the real-world model of democracy, My Neighbor Alice wants to give you an experience where everyone can be a game designer.

How My Neighbor Alice Works

Like many other building games, My Neighbor Alice has an open world format that allows the player to travel across different islands to interact with other people and the characters in the game. 

Virtual islands are divided into individual pieces of land, most of which will eventually be owned by the player. Each of these plots is represented by a unique NFT, can be sold or traded by the owner, and is highly customizable – allowing the user to add decorations and alter the terrain to create the plot of land. their own unique.

In-game content in My Neighbor Alice is represented by the NFT and may vary in their rarity. For example there is a fixed supply of land, or some items are limited edition. Users creating their own items will also be able to control their scarcity by specifying how many copies can exist.

Basically, the platform categorizes players' NFT usage into 3 main parts as follows:

NFT Minting

Users can mint their own in-game NFT by staking ALICE tokens or providing liquidity to ALICE pools on decentralized exchanges.

NFT for collateral

Percentage of value of each NFT mortgaged. Furthermore, when liquidity is needed, NFTs can be burned to release the underlying asset, which provides NFT holders with additional security.

Rent NFT

Players can now rent out their in-game assets to other users. This can be cryptographically secure for a certain period of time thanks to the use of smart contracts. 

There are many reasons why renting a non-fungible token is an attractive opportunity. For users who need specific expensive in-game items to complete in-game quests (e.g. require tractors for harvesting or more advanced fishing rods for deep sea fishing), maybe It is more profitable to rent these NFTs for one-time use. 

Also, the expensive in-game NFT assets can be a worthy investment if people have a need to use them. Moreover, NFT leasing allows users to earn passive income with cryptography.

What makes My Neighbor Alice unique and attractive?

Part of the interface of the MNA

This may not come as a surprise to many as My Neighbor Alice has a colorful graphical interface and an engaging storyline. My Neighbor Alice is designed to appeal to both casual gamers and hardware DeFi enthusiasts, and a host of features make it appealing to a diverse audience.

On the DeFi side, players can take advantage of MNA's rich DeFi capabilities , including the following

Lending economy

The platform has a built-in lending and borrowing economy. Players can lend their NFTs or borrow them from others in return for profits. My Neighbor Alice makes this a trusted system, by using smart contracts to ensure lenders always get their tokens back.

Players can also directly buy or sell NFT and ALICE tokens through the in-game marketplace or on other external NFT marketplaces on various Blockchains, such as Treasureland.

My Neighbor Alice also introduces a unique feature where a portion of the purchase price of each NFT is locked into a special account linked to the NFT. For example someone can buy NFT for 1 ETH, 10% of which is locked in the linked NFT account and can be retrieved later.

This intrinsic value ensures the NFT always maintains at least a fixed minimum value and can also be used as collateral in DeFi lending applications.

Deposit

Users will be able to stake their tokens for a profit, with the MNA intending to offer the highest staking returns in the early days of the game's release, which will likely dwindle as features grow. Additions are released and the game begins to grow.

Blockchain-based in-game assets

MNA has its own currency, expressed 1:1 on the Blockchain by the ALICE token. The token has several uses in Alice's world and can be used to purchase in-game items, earn staking rewards, and participate in the decentralized governance system of the provided MNA. provided by Chromunity.

ALICE token is an ERC-20 token that runs on Ethereum. It is thus secured by the vast Proof-Of-Work ( Proof-Of-Work ) mining network , consisting of thousands of nodes working together to keep the blockchain under control.

On the other hand, the MNA NFT is built using the “Chromia Originals” NFT protocol. Instead, they are powered by the Binance Smart Chain Blockchain, which uses consensus through proofs of authority for security.

Conclude

ALICE and friends

Crypto-enabled games have long been hailed as one of the fastest ways to achieve widespread recognition and mass adoption of digital assets. But most Blockchain games don't usually appeal to a large community of gamers.

But that could soon change with the release of My Neighbor Alice – a Blockchain-powered game with wide appeal. Let's read about NFTs and other similar games in the following articles!

Read more: The journey to develop the Axie Infinity project and the AXS cryptocurrency.