What is ALICE? A Guide to This Emerging Token

/Nov 19, 2025

Key Takeaways

• ALICE serves as the in-game currency and governance token for My Neighbor Alice.

• The token has multiple utilities including purchasing assets, earning through gameplay, and participating in governance.

• Market conditions and game development quality significantly influence ALICE's value.

• Safe storage practices, such as using hardware wallets, are recommended for long-term holdings.

• Investors should be aware of the risks associated with token volatility and game execution.

The ALICE token powers My Neighbor Alice, a blockchain-based multiplayer builder game that combines social gameplay, NFTs and play-to-earn mechanics. Designed as the in-game currency and governance token, ALICE aims to enable purchases, staking, rewards and community voting inside the Alice metaverse while also existing as an ERC‑20 token for broader liquidity and exchange access. Read the official token documentation. (whitepaper.myneighboralice.com)

Origins and technology stack

My Neighbor Alice was created by Antler Interactive and built on Chromia, a relational blockchain tailored for interactive applications and games. The game’s architecture keeps core gameplay and asset logic on‑chain while enabling an ERC‑20 mirrored version of ALICE so players and traders can move tokens between Chromia and Ethereum ecosystems for liquidity and exchange listings. For a developer‑facing overview and the project’s game docs, see the My Neighbor Alice documentation. (docs.myneighboralice.com)

What ALICE does — token utilities and supply

ALICE is designed with several core uses inside the My Neighbor Alice ecosystem:

In‑game currency: buy land, items and cosmetic assets in the Alice marketplace.
Play incentives: players can earn ALICE through quests, events and other gameplay activities.
Staking & rewards: portions of platform revenue are distributed to staking pools as incentives.
Governance: ALICE holders can participate in DAO proposals and votes that shape the game’s roadmap and rules.

The tokenomics define a fixed total supply (100,000,000 ALICE) with allocations for ecosystem, team, play‑to‑earn, marketing and foundation reserves; the whitepaper provides the full allocation and rationale. (whitepaper.myneighboralice.com)

Market snapshot (short, dated)

Cryptocurrencies are volatile; market metrics change quickly. As of November 14, 2025, live aggregator pages list ALICE as an actively traded gaming token with a circulating supply close to the originally specified supply and public market listings on major exchanges. For up‑to‑date price, volume and market‑cap figures consult a real‑time tracker such as CoinGecko. (Always check the timestamp on price pages before acting.) (coingecko.com)

How ALICE fits into the current GameFi landscape

GameFi experienced boom-and-correction cycles in prior years; by 2025 the sector was in a consolidation phase where “game first” design, sustainable tokenomics and meaningful user retention are emphasized over purely speculative token launches. Major industry reports point to falling funding and activity in some quarters, but continued engagement from reputable studios and renewed interest from traditional gaming brands highlight a maturing market — conditions that affect how in‑game tokens like ALICE are valued and used. If you evaluate ALICE as an investment or a gaming asset, consider both on‑chain activity and the quality of ongoing game development. (dappradar.com)

Practical steps: buying, holding and using ALICE

Buying: ALICE is available on centralized exchanges and some DEXs; always use reputable platforms and verify contract addresses when trading ERC‑20 tokens. (coingecko.com)
Using in‑game: link the wallet address required by My Neighbor Alice, follow the in‑game marketplace and rewards procedures, and check official docs for bridging instructions between Chromia and Ethereum. (docs.myneighboralice.com)
Storing safely: for long‑term holdings or amounts you cannot afford to lose, prefer self‑custody with a hardware (cold) wallet. Hardware wallets keep private keys offline, reduce exposure to phishing and malware, and are recommended by major crypto custodial and educational resources. (coinbase.com)

Risks and what to watch

Token volatility: Game tokens can move sharply on sentiment, game updates, or NFT/land sales. Monitor on‑chain activity and marketplace liquidity. (coingecko.com)
Game execution risk: ALICE’s value depends heavily on My Neighbor Alice’s ability to retain and grow players, ship content, and maintain a healthy economy. Industry reports show many Web3 games fail to retain users if the gameplay isn’t compelling. (dappradar.com)
Smart contract & custody risk: audit coverage, bridge security and marketplace counterparty risk matter. Check public security disclosures and exercise caution with cross‑chain bridges and third‑party contracts. (coingecko.com)

Quick checklist before you interact with ALICE

Verify the ALICE contract address on trusted aggregators. (coingecko.com)
Use official My Neighbor Alice docs for in‑game flows and airdrops. (docs.myneighboralice.com)
Limit exposure to amounts you can afford to lose and diversify across non‑correlated assets.
Prefer hardware wallets and follow secure backup practices for recovery phrases. (coinbase.com)

Conclusion — is ALICE right for you?

ALICE is a purpose‑built token for the My Neighbor Alice gaming ecosystem, blending NFTs, social gameplay and token incentives. Its long‑term prospects depend on execution: continued content releases, player retention, healthy market liquidity and prudent tokenomics. For players who want to participate in the game economy, ALICE is the native unit of value; for speculators, it behaves like other low‑market‑cap gaming tokens — high potential upside but also notable risk.

If you plan to hold ALICE for play‑to‑earn or long‑term accumulation, store it using best‑practice self‑custody. A dedicated hardware wallet provides offline private‑key protection and safer interaction with Web3 apps; consider hardware solutions that support ERC‑20 and multi‑chain flows to manage ALICE and other tokens securely.