MyNeighborAlice

How EXACTLY Does MyNeighborAlice Game & ALICE Crypto Work?

MyNeighborAlice (ALICE) Review

My Neighbor Alice is the first public application with an interesting story that would also appeal to anyone interested in cryptocurrency and decentralization. This interface is light and has many things to explore. Decentralized features like DeFi will let you choose how much you want to be engaged in the game.

How The Game Works

Every participant is assigned an avatar inside the game, and the avatars are what players interact with within the game. By uploading various elements to the avatar, players may also customize it. By assisting Alice with her daily tasks and socializing with the community, users win in-game things which they may use on their own properties.

Once property owners may design and decorate their properties, gamers will be able to make their properties as distinctive as they wish. For that, users may employ in-game assets like NFT, which are made of vegetation, furniture, buildings, or assets inside the game. Carrying out everyday tasks such as going to work and participating in contests and quests in order to earn.

The MyNeighborAlice Marketplace

In-game land, such as homes, fences, animals, and plants, as well as other objects, such as vehicles, may be bought and sold in the game’s virtual marketplace, where players may then utilize their land and other assets in their own creative ways.

Players in the game could buy virtual plots from Alice in the marketplace. In the universe, there is a very limited number of plots, each of which is represented by an NFT token. Players may place in-game goods like homes, lakes, decorations, animals, plants, and other objects they acquire as an in-game purchase on the plot once the plot has been acquired.

What Is The ALICE Token?

Alice crypto tokens are the game’s native money, and also function as an ERC20 token. Token holders may play, invest, and contribute to the game as well. ALICE tokens are limited to ensure they hold their value.

In the NFT marketplace, Alice may be used to purchase items and to acquire certain skills inside the game. In the game, owners may construct revenue models to either charge money for the use of land and assets or ask visitors to purchase services. 

The application would allow users to collect admission fees for visitors who want to visit their plots of land. Only special game materials and particular missions are accessible to ALICE token holders who stake the tokens for a certain period.

If Alice has friends in her neighborhood, she may exhibit assets to visitors, and swap NFTs with them. An incentive to participate is added by giving out experience points for tasks accomplished. These assets may be traded in-game and used as in-game currency.

In-Game NFT Assets

Traditionally, the idea of scarcity and collected goods have been a fixture for as long as computers have been around. There will be limited editions and rare goods in MyNeighborAlice. Not just official materials, but also user-generated materials will be available.

The Blockchain is completely open and transparent with regards to information like how many objects exist in total, how big a limited edition is, and other such things. My Neighbor Alice’s innovative “decentralized assets” provides you with more freedom as you are free to examine objects’ similarities.

Because MyNeighborAlice saves all the item data on-chain using the Chromia original protocol, a standard for asset definitions, she has a lot of data to work with. In addition, the logic of objects will be open-sourced in a distributed, blockchain-based game where each player has ultimate authority over future game decisions.

The ALICE NFT Ecosystem

A part of the purchase price will go into a collateral pool that is related to the number of NFT. Users may then choose to sell it back to the system for the same amount as the collateral they have locked (or a percentage of it). This safeguards the value of NFT from ever falling below a certain level. The other cool thing about this functionality is that it enables users to get loans by offering NFT as collateral.

Rentable NFTs include land as well as anything else. To prevent the borrower from reselling or destroying the item, and to make sure that the item will return to the owner after the rental time is over, the smart contract makes sure of this.

MyNeighborAlice Staking Pool

Alice Token holders will have the option of participating in staking and earning rewards based on a portion of platform income. To provide another example, the gaming platform gets a defined share of profits from sales of plots, assets, transaction fees, and so on, with the rest of the money being placed in the staking pool.

Conclusion

I predict that My Neighbor Alice will go where no blockchain gaming company has gone before by giving players full control over the game and its evolution. A public, democratic application, in which stakeholders like investors have official control. This project will not only develop a game, but is also planning to develop an organization called Community Council that will be decentralized and independent. Personally I am excited by this project and I can see it being one of the more successful crypto tokens.

Further MyNeighborAlice Information

  • my-neighbor-alice
  • My Neighbor Alice
    (ALICE)
  • Price
    $1.71
  • Market Cap
    $96.96 M
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