Have you heard of the ALICE coin and wondered what it is? How does it work? How much is it worth, and will it make a good investment? For someone new to the term, this article can be a guide for you to have a better understanding of ALICE and My Neighbor Alice Game.
It will elaborate on the definition and function of the coin, the supply, and the recent price. Furthermore, it will answer the most frequently asked question of whether the coin is predicted to make a good investment in the future or eventually is not worth the investment. Alright, let's begin with the introduction.
What is the ALICE Coin?
ALICE coin is closely related to the game My Neighbor Alice. It works as an ERC20 Ethereum token and the native currency of the game. As a token holder, besides playing the game, you also have the privilege to invest and be part of the game. The token will be used to purchase in-game items and NFTs in the marketplace.
What is My Neighbor Alice? It is a blockchain, multiplayer charming farm and builder game that allows players to build their virtual islands, homes, and other exciting items. It enables you to meet new friends. Animal Crossing and FarmVille become the inspiration for My Neighbor Alice's creation. It aims to attract players to intensify the adoption of digital assets and increase the blockchain and cryptocurrency sector.
Here are some mentioned of the token functionality:
Purchase In-game Assets and NFTs
The token can be used to purchase NFts non-fungible tokens such as the avatar that can be customized to your preferences, virtual plots, lands, houses, plants, animals, and many more. NFTs can be rented to other users with a special smart contract. It can generate earnings when other players visit your virtual land.
Earn Staking Rewards
The game encourages you to own the token because you can use it in the system to earn staking rewards. It is also designed to support the ecosystem.
Join the Competition to Earn Alice Token
You can earn tokens when you participate in a competition, tournament, and quest.
Participate in Governance
As a token holder, you can participate in the governance process through the Decentralized Community Council and discuss and decide the development and expansion of the game with the other users.
How Much is ALICE Coin Worth?
According to CoinMarketCap, the maximum supply of Alice coins is 100 million. Here are the details of the supply distribution:
- • Token sale (21%)
- • Reserve (20%): used for staking rewards.
- • Ecosystem (16%)
- • Community & Marketing (15%)
- • Team (15%)
- • Platform reward (8%): in-game rewards.
- • User incentive (5%)
The latest CoinMarketCap ranking is #305, with a live market cap of 69,981,152 USD. As reported in CoinMarketCap (10/07/2022), the up-to-date live price for My Neighbor Alice is 2.29 USD, with a 24-hour trading volume of 39,513,750 USD.
My Neighbor Alice (ALICE) coins in circulation are around 30.6 million from a total supply of 100.000.000 ALICE. Following Invesnesia, the coins are said to have limited stock and will not make any new tokens after reaching the maximum supply.
Is ALICE Coin a Good Investment?
The game was first created and developed by Antler Interactive, a game development company focusing on VR and mobile-based games. It was in 2019 when ChrowaWay acquired it. The company is known as a blockchain developer behind the Chromia blockchain.
According to CoinMarketCap, the game has accumulated $2.1 million from VC funds such as Coin98 Ventures and Kyros Ventures. It also raised around $100,000 in an IDO round on DAO Maker.
NFT experts predicted the game could make a good investment. Why? The reason because the game has some uniqueness, as mentioned below:
MyNeighborAlice covers blockchain-based technology, DeFi Decentralized Finance features, and fun game elements. It is predicted to be a popular blockchain game only if the NFT trend continues in the future. The game developer aims to engage many players, either who are NFT enthusiasts or those who want to play a casual farming game. It is an "in-game friend" in which casual players unfamiliar with the knowledge of blockchain technology, DeFi features, and cryptocurrency can still play the game. However, it supports gamers who wish to play beyond gaming.
The committed and motivated players are encouraged to create financial incentives through the DeFi features. It included NFTs (avatars, houses, animals, etc.), NFT collateral, NFTs smart contract to charge rent and obtain profit, and stake ALICE tokens to get a stacking yield.
It enables the player to socialize, meet new friends, join tournaments, and participate in decentralized forums to discuss revenue or the game's governance.
Super Safe! How to Make Money With Cryptocurrency Via DeFi?
How Can Users Invest in ALICE Coin?
You can purchase ALICE on a cryptocurrency exchange such as Binance, Mandala Exchange, FTX, Huobi Global, and KuCoin. Here are easy steps to buy:
- First, prepare your smartphone or computer and an internet connection,
- Choose the cryptocurrency exchange where you want to purchase ALICE,
- Prepare your photo ID and email verification to create an account for KYC,
- Next, you can deposit the money via credit card, cryptocurrency, PayPal, and transferwise payments. Choose one that best suits you.
- Last, you can exchange your funds for the game now!
What is the future of My Neighbor Alice?
Raphael Sanis (June 2022) noted that cryptocurrency would keep on having enthusiasts. Moreover, after the alpha version MyNeighborAlice launched on June 30, it was said to bring more new players. In 2030, TechNewsLeader predicts it can go as far as $76 (currency.com).
In Addition, Eric Dune stated on the business2community page that they have optimistically predicted the blockchain game MyNeighborAlice will engage wider market video gaming worldwide and will keep increasing its popularity. Yahoo Finance predicted that in 2026, it would cross $300 billion (23/05/22).
Alice Coin is predicted to make a good investment in the future because the game has many utilities. However, it is necessary to remember that cryptocurrencies are volatile. Before purchasing and investing in ALICE, you need to make some considerations. It is important to do in-depth research on the market condition and how the price escalated each year, in the present and the predicted future. If you do not want to take a higher risk, then you should not invest more than you can afford to lose.