We all know the story of the hand of Midas, who turned everything he touched into gold, well in crypto we have seen how Binance has quickly established itself as a very real hand of midas with great power, since everything he touches turns it into a success like finding gold., when Binance includes a token in its exchange and has available the option of TOKEN/BTC or TOKEN/USDT, automatically you are meeting a very demanded need and you will have hundreds of buyers running to use this Binance service, as it happened with the CUB token that in just a few days already had a TVL of more than 5 million. So the form of success is in Binance mainly motivated by the low fees, and that is what many token creators are trying to find, an inclusion in the Binance exchange.
Recently a specific token has made history in achieving an extremely unprecedented ATH in just a few minutes of being included in Binance, it is the ALICE token belonging to the game My Neighbor Alice.
¿What's My Neighbor Alice?
My Neighbor Alice is a blockchain-based multiplayer construction game where players are invited to buy virtual islands, collect and build exciting items and meet new friends. In line with an exciting narrative, the game also includes elements of gamified finance and blockchain for those who want to go beyond gaming and monetize their experience.
What is the ALICE token?
ALICE is an in-game currency that you will use to buy in-game items and NFTs on the marketplace and earn rewards during competitions and missions. In addition, owning an ALICE token will allow you to gamble it in exchange for a reward and participate in the governance process through the Community Council.
Is there defi in this game?
One of our strategic visions within My Neighbor Alice is to create monetary incentives for the most engaged and motivated players. DeFi's key in-game elements include:
NFT: s, or non-fungible tokens, presented in the form of in-game items, such as land, houses, plants, animals and others.
Players will be able to wager their ALICE tokens and earn a wagering return.
NFT Guarantee. When a user purchases NFT from the system, a percentage of the purchase price may go into a special guarantee account associated with NFT. The user has the option to sell it back to the system (i.e., destroy the NFT) for the price equivalent to the blocked collateral (or a percentage thereof). This ensures that the value of NFT cannot fall below a certain threshold.
NFTs, including land, can be leased to other players with a special smart contract that will manage the leasing process and requirements.
Now that we know about the project, let's analyze what happened with the ALICE ATH. Due to the anxious waiting for this inclusion in the binance exchange, it was impressive how the price of ALICE went from $0.01 to $60, although it then had a correction that has kept it in a range between $20 and $15. Achieving a record growth of 60,000%, ALICE is a project that in a few months was already worth more than $500 million from the first day of market launch.
Although the dangers of trading binance are still high, this ATH in just a few minutes shows us 2 things: first, that the market is growing at an exponential rate, as people have learned to see great opportunities quickly and the market is very hungry and is coming back for more. Secondly, despite the risks involved in using Binance, we have a whole community of crypto users willing to take the risks in order to increase the efficiency of cryptocurrency transactions, because without high transaction fees, a big wall that was blocking the highway of mass adoption is removed, and even everyone has the opportunity to buy crypto through Binance. So this is just the beginning, we will see even better things here.
