My Neighbor Alice

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This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is My Neighbor Alice?

My Neighbor Alice (ALICE) is a utility token within the My Neighbor Alice ecosystem, serving various purposes such as in-game functions and governance. It has a finite supply of 100,000,000 ALICE tokens. The token simplifies the in-game economy, enables crafting and trading of NFTs, and allows token holders to participate in governance through a DAO called the Community Council. ALICE is available on Ethereum and BNB Chain, and its primary use is within the game context.

How is My Neighbor Alice used?

The crypto My Neighbor Alice (ALICE) is used for various purposes within the game ecosystem. Here are the primary uses of the ALICE token:

  1. Purchasing Game Items: ALICE is used to buy virtual land, NFTs, and other in-game items on the marketplace. This includes avatars, decorations, and other digital assets.

  2. Play-to-Earn: Players can earn ALICE tokens by participating in different events, quests, and competitions within the game. This allows them to earn rewards and enhance their in-game experience.

  3. Staking: ALICE holders can stake their tokens to support the ecosystem and earn rewards. This mechanism incentivizes users to hold tokens and contribute to the game's development.

  1. Governance: Token holders have a say in the game's governance through the Community Council, which decides on key aspects of the game's development and expansion.

  2. Crafting: ALICE is used to craft exclusive NFTs within the game, which can then be traded or used to enhance gameplay.

These uses make ALICE a central component of the My Neighbor Alice ecosystem, facilitating various activities and interactions within the game.

How do I store My Neighbor Alice?

To store My Neighbor Alice (ALICE) tokens, you can use any wallet that supports Ethereum, as ALICE is an ERC-20 token. This includes wallets like Kriptomat, which provides enterprise-grade security and user-friendly functionality for storing and trading ALICE tokens.

How to buy My Neighbor Alice?

To buy My Neighbor Alice (ALICE) tokens, follow these steps:

  1. Create an account: Sign up on a cryptocurrency exchange that supports ALICE, such as Coinbase, Kriptomat, or other exchanges listed in the sources.

  2. Verify your account: Complete the verification process by providing the required identification documents and proof of address.

  3. Add funds: Deposit money into your account using a bank transfer, debit card, credit card, or other accepted payment methods.

  1. Select ALICE: Choose My Neighbor Alice (ALICE) from the list of available cryptocurrencies.

  2. Enter the amount: Input the amount of ALICE you want to purchase in your local currency. The exchange will automatically convert it to the equivalent ALICE amount.

  3. Preview and confirm: Review the transaction details and confirm your purchase.

  1. Complete the purchase: Once the order processes, you will receive your ALICE tokens in your account.

For detailed instructions and specific exchange requirements, refer to the sources provided.

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History of My Neighbor Alice

My Neighbor Alice (ALICE) is a blockchain-based game that was launched by Antler Interactive, a VR and mobile game development company, in March 2021. Initially, the game allowed users to buy and trade plots of land, chat with other players, and visit other farms. In July 2021, new ways to earn tokens were introduced, and in September 2021, new in-game characters, activities, and quests were added along with the release of a decentralized autonomous organization (DAO). The NFT Auction House was launched in December 2021, enabling users to sell their virtual assets. Since then, the development team has continued to update the game with new features, such as avatar customization and other activities.

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How My Neighbor Alice works

My Neighbor Alice (ALICE) is a blockchain-based, decentralized multiplayer builder game that combines elements of gaming and blockchain technology. Here's how it works:

Gameplay Overview

My Neighbor Alice is a free-to-play game where users can explore an open-world environment, purchase virtual land plots, and engage in various activities such as quests, competitions, and daily tasks. The game is designed to be user-friendly, allowing players who are new to blockchain technology to participate without needing extensive knowledge of it.

Virtual Land and NFTs

Players can buy virtual land plots, which are represented as non-fungible tokens (NFTs). These NFTs can be customized, decorated, and even lent to other players. The lending system allows lenders to earn a fixed return on their NFTs, making it a unique feature of the game.

Alice Token (ALICE)

The Alice token is the native cryptocurrency of the game, built on the Ethereum network as an ERC-20 token. It has a circulating supply of 30 million tokens and a maximum supply of 100 million tokens. The token can be used for various activities within the game, including:

  • Purchase Game Items: Players can use ALICE to buy virtual land, objects, and other in-game items.
  • Play-to-Earn: Participating in quests, competitions, and other events can earn players ALICE tokens.
  • Staking: Users can stake their ALICE tokens to support the ecosystem and earn rewards for processing transactions.
  • Governance: ALICE token holders have a say in the game's development and can propose new ideas for its growth.
Web3 Wallet and Gameplay Setup

To start playing, users need a Web3 wallet, such as Venly or MetaMask, to manage their cryptocurrency and digital assets. They then connect their wallet to the game, create a Chromia Game Account, and acquire access to land, either by purchasing it or claiming a free trial parcel. Finally, they download and install the game client to begin playing.

Unique Features

My Neighbor Alice stands out due to its decentralized nature, allowing users to explore the game world without limitations. The lending system and the ability to earn money through NFT sales or lending make it an attractive option for players. Additionally, the game's focus on user-friendliness helps bridge the gap between traditional gamers and blockchain enthusiasts.

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My Neighbor Alice's strengths

The token My Neighbor Alice (ALICE) has several strengths that contribute to its utility and value within the My Neighbor Alice ecosystem:

  1. Utility Token: ALICE serves as a utility token, enabling various in-game functions such as buying, renting, and selling NFTs on the marketplace. It also facilitates governance, allowing token holders to participate in shaping key aspects of the game through the Community Council.

  2. Governance: ALICE token holders have a say in the game's development through the decentralized governance system. This ensures that the community has a direct impact on the game's future, fostering a sense of ownership and engagement.

  3. Crafting and NFTs: ALICE is required for crafting certain NFTs, which can be used within the game. This adds an extra layer of functionality and value to the token, as it is essential for creating unique digital assets.

  1. Staking and Rewards: ALICE holders can stake their tokens to earn rewards, including exclusive game content and digital assets. This incentivizes users to hold and participate in the ecosystem, contributing to its overall health and adoption.

  2. Interoperability: ALICE is represented as both ERC-20 and BEP-20 token standards, allowing for flexibility and interoperability between major blockchains. This enhances its usability and accessibility across different platforms.

  3. Fixed Supply: The total supply of ALICE tokens is capped at 100 million, which helps maintain a stable and predictable economy within the game. This fixed supply also contributes to the token's potential value, as it prevents inflationary pressures.

  1. Play-to-Earn Model: My Neighbor Alice incorporates a play-to-earn model, where players can earn ALICE tokens through participating in competitions, completing tasks, and engaging in in-game quests. This model encourages active participation and rewards users for their involvement.

  2. Decentralized Finance (DeFi) Integration: The game integrates DeFi elements, enabling users to lend and borrow NFTs, further expanding the token's utility and the ecosystem's overall functionality.

These strengths collectively contribute to the ALICE token's value and its role as a central component of the My Neighbor Alice ecosystem.

My Neighbor Alice's risks

My Neighbor Alice (ALICE) is a cryptocurrency project that carries several financial risks. Here are some of the key risks associated with investing in ALICE:

  1. Market Volatility: Cryptocurrencies are known for their price fluctuations, and ALICE is no exception. The price of ALICE can rise or fall rapidly, making it a high-risk investment. Market sentiment, trading volume, and external economic factors can all impact the price of ALICE.

  2. Competition: The blockchain gaming and DeFi sectors are highly competitive, and ALICE faces challenges from other projects offering similar features. If competitors offer more attractive features or better user experiences, ALICE's value could decline.

  3. Regulatory Changes: Cryptocurrencies are subject to changing regulatory environments. If governments or financial authorities impose stricter regulations or restrictions on cryptocurrencies, it could negatively impact ALICE's value and adoption.

  1. Inflation Risk: Although ALICE has a limited total supply, which helps prevent inflation, the project's success and adoption rate can still be affected by broader economic conditions. Inflation in the general economy could reduce the purchasing power of ALICE, making it less attractive to investors.

  2. Smart Contract Risks: ALICE's lending feature relies on smart contracts to ensure trustless transactions. However, smart contracts can be vulnerable to bugs, hacks, or other technical issues, which could lead to financial losses for users.

  3. NFT Market Fluctuations: The value of NFTs in My Neighbor Alice is determined by their rarity and demand. If the NFT market experiences a downturn, the value of ALICE could also decline.

  1. Liquidity Risks: If there is low liquidity in the ALICE market, it can be difficult to buy or sell the token quickly, leading to significant losses for investors.

Investors should carefully consider these risks before investing in My Neighbor Alice (ALICE). It is essential to understand that investing in cryptocurrencies is a high-risk activity, and there is always a possibility of losing some or all of the invested capital.

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Did My Neighbor Alice raise funds?

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My Neighbor Alice’s team

  • Antler Interactive: The Swedish interactive game studio behind My Neighbor Alice, known for pioneering Virtual Reality (VR) games and having a reputable name in the game industry.

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