SoAliens, while extraterrestrial, have lived on Earth since a long time. This has led to some rare and cool NFTs.

An estimated 0.33 SOL price will get 10,000 soAliens minted at 12 PM UTC on November 24th.

Four team members are involved in soAlien: Fresh Prince, Mister T and Roro. Three other people are focusing on strategy, marketing and community management. Part of the team’s vision is to involve each owner of soAlien NFTs in becoming part of the project’s decision-making process via a democratic system.

Mister T, in a DailyCoin exclusive, spoke in detail about the project and soAliens’ future goals:

“We believe soAliens fit well into the Metaverse; somewhat real, somewhat fiction. In addition, the complexity of conspiracy theories and real information about aliens helps to build a continuing story, technical features and, of course, to engage the community.”

soAlien is a chapter-based project

To create more chapters in the story, the team will work with NFT owners. Only NFT holders will be allowed to take part in Chapter 2 and lend their support in Chapter 3. A framework has been created for Chapter 2, where soAliens, (AlienVille in Chapter 1) will bring a new species to the table.

“‘Chapter’ means that we don’t just promote the collection, mint it, and then put it on different marketplaces. NFT owners and members of the public are invited to participate in the creation and maintenance of the chapters. Only those who hold at least one NFT can participate in the next storyline of this project,”
Mister T has clarified.

These tools and features make up the roadmap:

• Gatekeeper – The main wallet issuing minted NFTs and receiving minting funds. The main wallet for interaction will be Gatekeeper to make sure everything is transparent and runs smoothly on Blockchain. Gatekeeper’s functions include the primary project wallet, NFT sales Treasury, Burn issuer, Shizzle Tax receiver and Royalty receiver. The Area 56 Deflationary Mechanism will also be used. To buy back NFTs, the project will spend 2% of any royalties. This takes them out of circulation and makes them unusable. The circulating supply will be reduced, stabilizing the price.
• Shizzle My Alien Tax (SMAT) – SMAT applies if you list one of your soAliens on a secondary market at the highest sale price. SMAT will be deposited into Gatekeeper. It can then be used to purchase back NFTs or burn them according to the Area 56 Deflationary Mechanism. This reduces the number of soAliens on the secondary market.
• Spacecraft (Governance & Staking) – The project will implement a governance vault, which means users will need to stake their NFT in order to participate in reward distribution. This will be done via a snapshot and the length of a user’s respective NFT stalking. Spacecraft will also be the main decision vault – users get a vote for each NFT owned to contribute to guiding the project’s direction, when necessary.

Alienville – Play-to-earn NFTs

Play-to earn is a way for users to both play and make money from their games. This model gives gamers the ability to own certain assets in their games and allows them to grow their value through active play. It is possible to determine ownership, and even transfer it using NFTs.

The most prominent example of play to earn right now is. It’s a video game that utilizes NFTs. When playing with those NFTs, whether it’s fighting or building the city, players receive rewards in the form of tokens which can then be cashed out. SoAlien may also add play-to earn to their project.

“We are super excited for what’s coming, and how Crypto, NFTs, and the Metaverse change literally everything we are used to. Listening to the community is important, but we are also looking ahead for long-lasting benefits and an expanding project.

We are also considering play-to earn and are currently in discussions with the appropriate people about how we can support such development. For minting and the roadmap for the rest of 2021, we’ll stick to what we can deliver – we have a concrete plan, we will involve the community and announce next steps.”

Flipside

• Even the most promising projects are not certain of their future due to the NFT industry.

Why you should care

Popularity of non-fungible tokens (NFTs) is increasing rapidly. Both the creative and financial spheres have potential for non-fungible tokens.

EMAIL NEWSLETTER

Get the other side of crypto!

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7]
It takes just one click to unsubscribe.

Continue reading on DailyCoin