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Bitvavo makes MyNeighborAlice as easy as possible. Here are answers to common questions to help you make your first steps in the world of digital assets.
MyNeighborAlice is a blockchain game where players can purchase, manage, and customize virtual islands. These islands, as well as other in-game assets, are represented by non-fungible tokens (NFTs), giving players full ownership of their digital assets.
The game is inspired by popular games like FarmVille and Animal Crossing and offers a similar relaxing and creative gaming environment. Players can customize their islands, participate in various events and competitions, and earn ALICE tokens in the process. These tokens can be used for in-game purchases, staking, and participation in the governance of the platform. It is also possible to sell the tokens and earn money directly by playing MyNeighborAlice.
One of the main problems that MyNeighborAlice solves is the lack of ownership in traditional games. In many of these games, in-game purchases remain the property of the publishers, meaning that players can lose their assets if the game disappears or their account is blocked. MyNeighborAlice tackles this problem with blockchain technology. By storing in-game assets as NFTs, the game ensures that players are the true owners of their purchases. These NFTs are stored in the players’ wallets, meaning that no one else has access to these assets.
The ALICE token is the utility token within the MyNeighborAlice ecosystem and serves several important functions. It is used as the primary currency for purchasing virtual land and other in-game assets. Additionally, users can stake their ALICE tokens to earn rewards, contributing to the stability and security of the network. ALICE tokens also play a role in governance, allowing token holders to vote on proposals and decisions that determine the future of the game. With a maximum supply of 100 million ALICE tokens, supply is limited. This is the maximum supply and no more tokens will be added in the future.
MyNeighborAlice was founded by Antler Interactive, a game development company known for its unique approach to VR and mobile games. The company is led by Anna Norrevik, who has experience in finance and has worked at companies such as Accenture and Credit Suisse. Antler Interactive launched the ALICE token in March 2021 via Binance Launchpool. The team behind MyNeighborAlice consists of a group of dedicated professionals who work together to grow and develop the project.
MyNeighborAlice has several features and applications, including the option to:
MyNeighborAlice is built on the Chromia network, which combines the benefits of a relational database with the security and immutability of a blockchain. The game uses the Chromia Originals NFT standard, which can hold more data than regular NFTs and can function as a native asset on the Chromia blockchain as well as on Ethereum or Binance Smart Chain.
In MyNeighborAlice, all land and in-game items are represented by non-fungible tokens (NFTs). These NFTs are stored securely in players’ wallets, meaning that players are the sole owners of their assets. The value of these NFTs is determined by their rarity and scarcity, which in some cases means they go for high prices.
MyNeighborAlice integrates several DeFi features. Players can stake their ALICE tokens to earn rewards and participate in borrowing and lending NFTs, for which they also receive rewards. All of this is managed via smart contracts, which ensure that borrowers always get their NFTs back automatically, including a return depending on the type of NFT and the length of the lending period.
The game is governed by a Decentralized Autonomous Organization (DAO) called the Community Council. This structure provides democratic governance, with players voting on important decisions and future developments of the game, giving the community a voice and ensuring that the game develops in a way that meets the players' wishes.
Within the world of blockchain games, MyNeighborAlice stands out thanks to the following unique features and characteristics:
You can purchase MyNeighborAlice (ALICE) at Bitvavo. Our platform is known for its accessibility for both novice and experienced traders. Follow these steps to quickly and easily buy ALICE via our user-friendly website or app:
The price of MyNeighborAlice tokens is directly linked to the current market rate. After purchase, the ALICE tokens are automatically added to your Bitvavo account, where you can easily manage and trade them. This allows you to respond quickly and effectively to market changes.
Need to store your MyNeighborAlice tokens safely and securely? You can easily do so using your Bitvavo account. Bitvavo stores the majority of customer funds in secure offline cold storage. Although security measures are strict, we recommend activating two-factor authentication (2FA) for extra protection of your account. This means that in addition to your password, you will also have to enter an extra code when logging in, keeping your funds safe and secure.
MyNeighborAlice tokens can also be stored in an external software or hardware wallet. Want to send your ALICE tokens from Bitvavo to an external wallet? No problem! First verify the wallet address in your Bitvavo account and then easily and quickly transfer the tokens to an external wallet.
* This is for informational purposes only and is not advice, nor should it be relied upon as such.
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