My Neighbor Alice (ALICE) Research Project Report

ALICE is My Neighbor Alice’s native utility token and is used in the following functions:

• In-game Currency: Purchase assets and special skill sets in the game and in Alice's marketplace.
• Governance: Participate in the governance process through a Decentralized Autonomous Organization (DAO), and vote on improvement proposals and platform developments (e.g. platform operations and development). Voter incentives will be introduced to encourage voter participation.
• Staking: Stake ALICE tokens to earn a percentage of platform revenues (e.g. plot sales, asset sales, and transaction fees).
• Player Incentives: By completing quests in the game, players can earn ALICE tokens. This design is to encourage user participation in the game and to maintain traction.

My Neighbor Alice develops its game economy on the blockchain to reward players as they participate in the game and to distribute ownership of the game items.

• Decentralized ownership through NFT-based assets: Decentralized ownership of in-game assets such as islands, houses, pets, etc.
• Social features: In-game chat modules allowing players to communicate with people on the same island, and to transfer tokens and assets to friends in the chat. Players can visit each others’ islands and complete group quests together.
• Marketplace: In-game marketplace allowing users to buy and sell their assets. It provides more liquidity and financial incentives for gamers to purchase and create items in the game.