Purchase MyNeighborAlice (ALICE) with Egyptian pound (EGP) easily at Switchere and benefit from fast, secure transactions.
MyNeighborAlice (ALICE) is a multiplayer builder game that leverages blockchain technology to create a player-owned virtual world. Built on the Chromia blockchain, it is designed to introduce decentralization to a mainstream audience by combining a friendly farming game theme with robust GameFi mechanics. Players can buy and own virtual islands, collect and build exciting items, and meet new friends. This approach positions it as a key entry point into the metaverse, focusing on community-driven development and user-generated content. The ecosystem ensures players have true ownership of their on-chain assets, which are structured as unique digital collectibles or Non-Fungible Tokens (NFTs).
The ALICE token is the native utility token of this crypto ecosystem, serving multiple critical functions within its tokenomics. As the primary in-game currency, ALICE is used for transactions on the decentralized marketplace, allowing players to purchase virtual land and other digital assets. Beyond its transactional utility, ALICE functions as a governance token. Holders can participate in a Decentralized Autonomous Organization (DAO), voting on platform upgrades and the use of ecosystem revenues. Furthermore, the platform incorporates staking mechanisms, enabling users to lock up their tokens to earn staking rewards and participate in the play-to-earn model by completing quests and events.
The most common method is using a cryptocurrency exchange that acts as a fiat on-ramp for EGP. Users typically complete a KYC/AML verification, deposit EGP via local payment methods like bank transfers or services such as Fawry, and then trade EGP for a major cryptocurrency like USDT. Afterwards, they can use that USDT to purchase ALICE tokens on the exchange's ALICE/USDT order book. A direct EGP/ALICE pair is uncommon.
For optimal security, it is highly recommended to transfer your ALICE tokens from the cryptocurrency exchange to a personal digital wallet where you control the private keys. Options include software wallets (like MetaMask or Trust Wallet) or, for maximum security, a hardware wallet (like Ledger or Trezor). This practice of self-custody protects your digital assets from exchange-specific risks like hacks or freezes.
Direct fiat-to-altcoin pairs like EGP/ALICE often have low liquidity because the trading volume is not high enough for market makers to provide a deep order book. Most trading volume is concentrated in major pairs like BTC/USD or ETH/USDT. To ensure efficient trades with minimal slippage, exchanges route traders through more liquid pairs, such as EGP to USDT, and then USDT to ALICE, which has significantly higher global trading volume.
The ALICE token is the native currency in the MyNeighborAlice play-to-earn game. Its primary utility includes purchasing in-game assets and NFT land, staking to earn rewards, participating in the game's governance through a DAO, and being used in various DeFi-related game mechanics. This makes it a crucial digital asset for interacting with the entire blockchain-based game ecosystem built on the Chromia blockchain.
There are several potential fees: a deposit fee for funding your exchange account with EGP, which varies by payment method; a trading fee for the EGP to stablecoin transaction; another trading fee for the stablecoin to ALICE transaction; and finally, a network withdrawal fee if you move the ALICE tokens to your private digital wallet. It's crucial to review the fee schedule of your chosen cryptocurrency exchange for each step.
The Chromia blockchain is the foundational technology upon which the MyNeighborAlice game is built. It functions as a relational blockchain, combining the security of a blockchain with the efficiency of a database. This infrastructure allows for complex in-game logic, scalable performance for the gaming metaverse, and low transaction fees, which are all critical for the seamless operation and utility of the ALICE token and its associated in-game NFT assets.