How To Buy MyNeighborAlice (ALICE)?

A common question you often see on social media from crypto beginners is “Where can I buy MyNeighborAlice?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process.

Step 1: Create an account on an exchange that supports MyNeighborAlice (ALICE)

First, you will need to open an account on a cryptocurrency exchange that supports MyNeighborAlice (ALICE).
We recommend the following based on functionality, reputation, security, support and fees:

In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.

Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.

Step 2: Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase MyNeighborAlice (ALICE) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.

Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.

Step 3: Buy MyNeighborAlice (ALICE)

This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for MyNeighborAlice (ALICE) or MyNeighborAlice (ALICE) trading pairs. Look for the section that will allow you to buy MyNeighborAlice (ALICE), and enter the amount of the cryptocurrency that you want to spend for MyNeighborAlice (ALICE) or the amount of fiat currency that you want to spend towards buying MyNeighborAlice (ALICE). The exchange will then calculate the equivalent amount of MyNeighborAlice (ALICE) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of MyNeighborAlice (ALICE) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.

For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

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What Is MyNeighborAlice (ALICE)?

My Neighbor Alice, or MNA, is a new multiplayer builder game that looks to appeal not just to blockchain game players, but the general gaming community through its fun player-driven storyline and intuitive blockchain-powered features. The game is centered around the world of Alice and features a complex of islands on which anybody can buy and develop plots of land by filling it with their creations. The game is similar to Animal Crossing in its quirky and whimsical design, but also has a strong decentralized finance (DeFi) element to it — ensuring it appeals to the more niche crypto audience.

My Neighbor Alice features a narrative-driven story and is an outlet for social interaction and creativity, as players are able to build on their plots of land and show off what they’ve created to their friends and other players. Most items in the game are represented by non-fungible tokens (NFTs), which are fully owned by the player. It is being developed by Antler Interactive, a mobile and VR-oriented game studio with several popular games in its portfolio, including Krystopia and SVRVIVE: The Deus Helix. The firm is led by CEO Anna Norrevik, an expert in finance with experience working for prominent global firms including Credit Suisse and Accenture.

ALICE, the native governance token for the game, was launched on Binance Launchpool in March 2021, shortly following a February 2021 Strong Holder Offering (SHO) conducted by DAO Maker.

How Does My Neighbor Alice Work?

Like many builder games, My Neighbor Alice features an open-world format that allows players to travel across the various islands to interact with players and in-game characters. Players navigate the world of Alice using their customizable avatar.

The virtual islands that make up the game are divided into individual plots of land, most of which will eventually be owned by the players. These plots of land are each represented by a unique NFT, which can be sold or traded by the owner, and are highly customizable — allowing users to add decorations and change the terrain to create their own unique patch.

As a story-driven game, MNA features a range of quests and activities for players. Although the details on how this will work are not yet available, the My Neighbor Alice white paper indicates that apart from official quests, the community will also be able to create their own events and pool their resources together to achieve common goals.

In-game assets in My Neighbor Alice are represented by NFTs and can vary in their rarity. For example, there’s a fixed supply of land, while some items are limited edition. Users that create their own items will also be able to control their scarcity by specifying the number of copies that can exist.

What Makes My Neighbor Alice Unique?

Lending Economy
The platform features a built-in lending and borrowing economy. Players can lend out their NFTs or borrow them from others in return for a yield. My Neighbor Alice makes this a trustless system, by using smart contracts to ensure lenders always get their tokens back. Players can also directly buy or sell NFTs and ALICE tokens through the in-game marketplace or on other external NFT marketplaces on various blockchains, such as Treasureland.

My Neighbor Alice also introduces a unique feature that sees a fraction of each NFT’s purchase price locked into a special account associated with the NFT. For example, somebody might buy an NFT for 1 ETH, 10% of which is locked in the associated NFT account and can be retrieved later if the NFT is burned. This intrinsic value ensures NFTs always maintain at least a fixed minimum value and can also be used as collateral in DeFi lending applications.

Staking
Users will be able to stake their tokens to earn a yield, with MNA planning to offer the highest staking yields in the early days of the game, which will gradually decrease as additional features are released and the game matures.

Blockchain-Based In-Game Assets
The game features its own in-game currency, which is represented 1:1 on the blockchain by the ALICE token. The token has several uses within the world of Alice and can be used to purchase game items, earn staking rewards and participate in MNA’s decentralized governance system (powered by Chromunity).

The ALICE token is an ERC-20 token that runs on Ethereum. As a result, it’s secured by its extensive proof-of-work (POW) mining network, which consists of thousands of nodes working together to keep the blockchain in check.

On the other hand, MNA NFTs are built using the “Chromia Originals” NFT protocol. These are instead powered by the Binance Smart Chain (BSC) blockchain, which uses the proof-of-staked authority (PoSA) consensus for security.

How Does My Neighbor Alice Compare With Decentraland?

Right now, My Neighbor Alice doesn’t have any direct competitors — though there are a number of other blockchain-based builder games, including Decentraland and The Sandbox.

Of these, Decentraland is arguably the most similar, since it uses a similar system to segregate parcels of land for players to build on. Both Decentraland and My Neighbor Alice feature a limited amount of game area: as a result, plots of land will become more scarce with time.

MyNeighborAlice development updates in 2023

Myneighboralice (ALICE) cryptocurrency has seen notable development updates in 2023, particularly through its integration with Chromia’s blockchain platform. Here’s an overview of the most important updates:

• Migration to Chromia’s Shared Appnet: In a significant move, Myneighboralice has transitioned to Chromia’s Shared Appnet, coinciding with the launch of its Alpha Season 4. This migration represents a step towards more open and interoperable metaverses. Chromia’s relational blockchain technology has enabled improvements in data handling, storage speed, and efficiency, enhancing the overall user experience in the Myneighboralice game. This technology negates the need for players to pay gas fees or manually sign transactions for each action, making the gameplay more fluid and user-friendly.

• Token Bridging from EVM-based Network to Chromia: The game now offers a feature for token bridging, allowing players to move ALICE tokens from the BNB Smart Chain to the Appnet. This facilitates the crafting of exclusive in-game NFTs, thanks to the decentralized bridge provided by Chromia. This feature is a first in terms of token bridging for the platform and enhances the in-game economic system.

• Enhanced Game Features and User Experience: Myneighboralice, as a multiplayer open-world game, allows users to explore and customize their virtual space. The integration with Chromia’s technology has not only preserved the traditional game mechanics but also fully decentralized the game, with all elements, including ALICE tokens, NFTs, and game logic, being on-chain.

• Future Plans and Mainnet Launch: Looking ahead, the DApps running on the Appnet are expected to transition to Chromia Mainnet 1.0 following its launch in 2024. This move is part of a broader roadmap for the project, which aims to demonstrate how games can offer decentralization and digital ownership in a seamless and responsive manner.

• Community Engagement and Accessibility: The Alpha Season 4 of Myneighboralice was opened to the public on December 12, 2023, and is available for anyone to try. This step is part of the efforts to engage a broader audience and enhance community participation in the game.

These developments highlight Myneighboralice’s commitment to leveraging blockchain technology to create a more engaging, decentralized, and player-centric gaming experience. The migration to Chromia’s Appnet and the incorporation of innovative features like token bridging are significant milestones in achieving this goal​.

Official website: https://www.myneighboralice.com/

Best cryptocurrency wallet for MyNeighborAlice (ALICE)

There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.

HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for MyNeighborAlice (ALICE)?

Deciding which type of wallet to use depends on a variety of factors, including:

• How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades. 
• What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
• Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
• How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
• What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).

Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).