Purchase MyNeighborAlice (ALICE) with Saudi riyal (SAR) 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 SAR/ALICE pair represents the exchange rate between the Saudi Riyal (SAR) and the MyNeighborAlice token (ALICE). On a cryptocurrency exchange, it allows you to directly purchase ALICE, the native governance token of the MyNeighborAlice play-to-earn game, using SAR. The price is determined by the order book, reflecting the current supply and demand for this specific digital asset purchase route.
The ALICE token is central to the game's economy. Its primary utilities include: serving as the in-game currency to purchase NFTs like virtual land and in-game assets, participating in governance to vote on project developments, and staking ALICE to earn rewards. This multifaceted use makes it a crucial component of the blockchain gaming experience in MyNeighborAlice.
MyNeighborAlice is built on the Chromia blockchain, a relational blockchain designed for dApps that require high transaction throughput and low fees. While the game itself runs on Chromia, the ALICE token also exists as an ERC-20 token on Ethereum and a BEP-20 token on BNB Chain for liquidity and accessibility. When transacting, you must ensure your crypto wallet and the exchange support the specific network (e.g., ERC-20) you intend to use to avoid loss of funds.
To purchase ALICE tokens with SAR, you'll typically use a regulated cryptocurrency exchange that serves Saudi Arabia. Common payment methods include local bank transfers, debit cards (like Mada), and credit cards. All reputable platforms will require KYC/AML compliance, where you must verify your identity before you can link your payment method and start secure trading.
After purchasing ALICE, it's highly recommended to move them from the exchange to a personal digital wallet for better security. Since ALICE is an ERC-20 token, you can use any Ethereum-compatible software wallet (like MetaMask) or a hardware wallet for maximum protection. Always secure your private keys and never share them. This ensures you have full control over your digital assets.
Yes, several fees apply. First, there may be a deposit fee for funding your account with SAR, depending on the payment method. Second, the exchange will charge a trading fee (either a 'maker' or 'taker' fee) for executing your order on the SAR/ALICE order book. Finally, when you withdraw your ALICE tokens to a private crypto wallet, you will incur a blockchain transaction fee, also known as a network fee, which varies based on network congestion.