What Is My Neighbor Alice (ALICE)?
My Neighbor Alice is a blockchain game that is based on a gaming concept similar to FarmVille and Animal Crossing, allowing users to collect non-fungible tokens that they own and manage. The main goal of the My Neighbor Alice project is to appeal to a broader audience of cryptocurrency holders, blockchain enthusiasts, and gamers.
My Neighbor Alice has decentralized finance elements, which makes it an even more relevant project with great potential to facilitate the adoption of cryptocurrencies and its utility token, ALICE. My Neighbor Alice is a decentralized blockchain-based game with a strong and interesting narrative that enables users to build their own worlds in a whimsical and appealing universe.
Anyone can play My Neighbor Alice and customize and build their islands by buying parcels of virtual land and building their creations in the world of Alice. The centerpiece of the system is the utility token, ALICE. ALICE is used as the main payment method on the network. With My Neighbor Alice, users can start from a small piece of land and create an entire universe located in the world of Alice. All in-game assets are represented by NFTs and can be sold and used by users who own them. The price of NFTs should depend on the rarity of that token.
How Does My Neighbor Alice Work?
My Neighbor Alice is a multiplayer blockchain game that allows users to socialize, interact, and communicate with other users and players, which contributes to the overall gaming experience. It is an open-world game, which means that gamers can explore the universe of Alice without end, and can also customize their avatars.
The world of Alice consists of a great number of islands that are divided into parcels of land plots. These land plots are all represented by NFTs, so users can buy and sell them, as well as customize their in-game property, make another patch, customize the terrain, and add decorations. The game has a narrative, so users can follow it to complete different quests and progress through the game.
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The land supply that players can buy is limited, which is how the value of the NFTs is somewhat regulated. The price and value of NFTs in the world of Alice is also determined by the rarity and scarcity of the assets they represent. Users can also make their own assets and specify the supply. Players can access the game on Steam, while the retail build is scheduled to launch in January 2022, which is when the value of ALICE could potentially rise. The game is free to play, while users will need to pay for transaction fees when buying and selling NFTs such as land.
Aside from playing the game, users can also access the lending system and borrow NFTs. Lenders can earn a yield based on the loans they are providing, thus earning extra cash in the world of Alice.
Who Are the Founders of My Neighbor Alice?
Alice launched in July 2021 on Steam, a game distribution platform, and was created and developed by Antler Interactive. Antler Interactive is a game development company focused on VR-based and mobile games. Some of the popular games created by the company are SVRVIVE: The Deus Helix and Krystopia.
Anna Norrevik is the CEO of Antler Interactive, with a strong background in finance having previously worked for Accenture and Credit Suisse. The company launched the token ALICE in March 2021 on Binance Launchpool.
What Makes My Neighbor Alice Unique?
My Neighbor Alice focuses on two different demographics, namely gamers and DeFi enthusiasts, which makes it a unique project when it comes to the use cases that the game has to offer. What makes My Neighbor Alice unique is the technology used to create an ecosystem that features an open-world game and lending economy for NFTs.
The lending system featured in My Neighbor Alice is trustless and is based on smart contracts that the system uses to ensure that lenders will always get their NFT loans back with a yield profit. The most unique element of the game is probably a combination of blockchain-based gaming and DeFi, as the network allows users to socialize and play games with other players, as well as staking ALICE and lending and borrowing NFTs for a yield.
What Gives My Neighbor Alice Value?
The value of My Neighbor Alice is determined by its technical capacity, the technology used to create the project, its features, and its use cases. These elements define the intrinsic value of the project and its potential to become a mainstream game with DeFi features and tools that form a trustless lending economy. The intrinsic value often doesn’t match the market value of ALICE, as cryptocurrencies are subject to frequent changes driven by volatility.
The market price is also affected by a multitude of specific factors that shape the price of ALICE. The project gains value as its adoption and usage rate increases, and since ALICE targets a broad demographic, the project has a good chance of appealing to target audiences like DeFi users and blockchain gamers. NFTs are also growing in popularity, which may provide more relevance to My Neighbor Alice as a project that enables users to create NFTs for in-game assets.
How Many My Neighbor Alice (ALICE) Coins Are There in Circulation?
There are currently ALICE in circulation out of a total of ALICE. My Neighbor Alice has a limited total supply, which means that no new ALICE tokens should be minted once the max supply is in circulation. The limited supply means that the token won’t be devalued through inflation.
The number of ALICE coins in circulation multiplied by the current market price of ALICE equals the market cap of My Neighbor Alice. The market cap defines the rank of ALICE in comparison with its crypto peers and determines its market dominance.
Other Technical Data
My Neighbor Alice has an integrated lending feature that enables users to borrow and lend their NFT assets. Lenders are rewarded based on their loans and can earn a yield for lending non-fungible tokens. Lending is supported by the use of smart contracts, while users can also sell their ALICE tokens and NFTs. NFTs are sold in external markets such as Treasureland and can also be sold in-game.
The network ensures that all NFTs have a minimum value, while some NFT assets can be far more valuable than the initial minimum, which depends on factors such as scarcity and rarity. Since NFTs are also used in the DeFi lending feature as collateral, the system ensures that NFTs are never priced below the minimum value.
ALICE, the utility token, is used for staking, in the governance system for voting, and as the main payment method on the network.
How is the My Neighbor Alice Network Secured?
My Neighbor Alice is built on the Chromia network, which combines the data storage and handling efficiency of a relational database with the security and immutability of a blockchain. The blockchain’s NFT standard, called Chromia Originals, are richer in data than normal NFTs and can operate both as native assets on the Chromia chain and as an enhancement layer on Ethereum or Binance Smart Chain. Chromia is funding interoperability development to enable My Neighbor Alice players to transfer assets and ownership to other more gaming-focused platforms.
The game will be run by a decentralized autonomous organization called Community Council, which creates a democracy in which players can govern what source code is running.
How to Use My Neighbor Alice
My Neighbor Alice is a multipurpose DeFi and gaming platform where users can interact, communicate, follow the game’s narrative, create their own NFTs, sell and manage assets, buy and sell land plots in the virtual world of Alice, and also lend and borrow NFTs.
The ALICE token is used for staking, where stakers are rewarded based on the amount they stake. ALICE is also used for governance to ensure democratized voting and the decentralization of the system. Users can access the lending feature and lend and borrow NFTs. Lenders are rewarded with a yield based on their loans.
How to Choose a My Neighbor Alice Wallet?
Chromia’s interoperability means that ALICE can be traded on exchanges as an ERC-20 token and so can be stored in any wallet that supports Ethereum. The type you choose will likely depend on how much you need to store and what you intend to do with it.
Hardware wallets or cold wallets like Ledger or Trezor provide the most secure option for storing cryptocurrencies with offline storage and backup. However, they can require more technical knowledge and are a more expensive option. As such, they may be better suited to storing larger amounts of ALICE for more experienced users.
Software wallets provide another option and are free and easy to use. They are available to download as smartphone or desktop apps and can be custodial or non-custodial. With custodial wallets, the private keys are managed and backed up on your behalf by the service provider. Non-custodial wallets make use of secure elements on your device to store the private keys. While convenient, they are seen as less secure than hardware wallets and may be better suited to smaller amounts of ALICE or more novice users.
Online wallets or web wallets are also free and easy to use and accessible from multiple devices using a web browser. They are, however, considered hot wallets and can be less secure than hardware or software alternatives. As you are likely trusting the platform to manage your ALICE, you should select a reputable service with a track record in security and custody. As such, they are most suited for holding smaller amounts of cryptocurrencies or for those making more frequent trades.
Kriptomat offers a secure storage solution, allowing you to both store and trade your ALICE tokens without hassle. Storing your ALICE with Kriptomat provides you with enterprise-grade security and user-friendly functionality.
Buying and selling ALICE, or trading it for any other cryptocurrency, is done in mere moments when you choose our secure platform as your storage solution.
My Neighbor Alice Staking
ALICE tokens can be staked to help support the ecosystem in return for staking rewards. Rewards are a percentage of platform revenues, which come from plot sales, asset sales, and transaction fees. The system is designed to incentivize players to hold their tokens in the early stages of game development. Staking will decrease progressively as new features are released.
My Neighbor Alice combines DeFi features like the lending and borrowing system that allows users to make a profit and borrow NFTs while offering a unique open-world gaming experience. With a blockchain-based system that enables interaction and communication between users while adding value to in-game assets, My Neighbor Alice may well popularize blockchain gaming and bring cryptos to broader adoption.
As My Neighbor Alice capitalizes on two popular sectors that are experiencing a rise in demand, the ALICE token could become a valuable asset in the long run, while the network is set to develop further with new functionalities and features.
Join the crypto revolution and start your My Neighbor Alice journey today!
My Neighbor Alice FAQ
Where is the game set?
My Neighbor Alice players can purchase virtual plots of land on the Lummelunda Archipelago, which consists of six islands. These are the frosty wonderland of Snowflake Island, the ancient Medieval Plains, the lush forest of Nature’s Rest, the bustling town of Lummestad, the tropical Sandy Coast, and the adventure-filled Submerged Islands.
What kind of NFTs can be bought in My Neighbor Alice?
Pieces of the virtual map can be bought as NFTs as well as in-game assets. These include houses, decorations, vegetables, animals, and cosmetic items for players’ avatars. Players can also use the NFT creator to design and monetize their own assets.
How to buy My Neighbor Alice?
Buying ALICE is as easy as visiting Kriptomat’s how to buy My Neighbor Alice page and choosing your preferred method of payment.
How to sell My Neighbor Alice?
If you already own ALICE and hold it in a Kriptomat exchange wallet, you can easily sell it by navigating the interface and choosing your desired payment option.
My Neighbor Alice Price
My Neighbor Alice price is in constant flux and is subject to frequent changes that are mostly driven by the volatility in the crypto market. ALICE price can rise or dip within a relatively short time frame depending on its defining factors, trend reversals, and other external elements. You can check live ALICE prices on Kriptomat.
As well as traditional factors such as market sentiment, the flow of cryptocurrency on exchanges, and the economy in general, the price of ALICE is also affected by demand for its in-game utility and the popularity of the My Neighbor Alice game.
The current My Neighbor Alice price is EUR.
The 24-hour trading volume of ALICE is EUR. ALICE is currently ranked of all cryptocurrencies by total market capitalization, with a market cap of EUR. It has a circulating supply of ALICE and a max supply of ALICE.
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