MyNeighborAlice

Project Overview

MyNeighborAlice (ALICE) is a blockchain-based multiplayer builder game that enables players to buy and own virtual islands, collect and build items, and meet new friends. The project launched in 2021 on the Chromia blockchain platform. Players can own in-game assets in the form of NFTs and use ALICE tokens as the primary currency for transactions within the game ecosystem.

Intended Utility

The ALICE token serves multiple purposes: governance rights in the game's DAO, in-game currency for purchasing virtual land and items, staking rewards, and platform transaction fees. The game implements a play-to-earn model where players can earn rewards through gameplay and asset ownership.

Actual Utility Assessment

The project demonstrates genuine utility through its gaming platform where players actively trade NFT assets and participate in governance. Development activity remains consistent with regular updates and improvements to the gaming platform. The project has established partnerships with notable blockchain gaming alliances and maintains an active user base.

Token Distribution and Founder Analysis

Initial token distribution allocated 15% to team and advisors with a 2-year vesting period, 25% for ecosystem development, 10% for private sale, and 50% for public distribution and community initiatives. The vesting schedule and lock-up periods appear reasonable and designed to prevent dump scenarios. The development team maintains transparency through regular updates and has a track record in gaming development.

Technology and Revenue Model

The revenue model primarily relies on NFT trading fees, land sales, and in-game transactions. While the platform includes staking mechanics, these operate through a profit-sharing model rather than traditional interest-bearing mechanisms, potentially aligning with Islamic finance principles.