Token Description & Project Background

My Neighbor Alice is a multiplayer builder-game where players build their own virtual lands, interact with neighbors and earn rewards. It is a P2E (Play-to-Earn) game built on the Chromia blockchain.

It provides an option for players who want to enjoy a traditional gameplay experience while catering to those who desire to collect and trade NFTs.

ALICE functions as the game’s in-game currency which users need to purchase in-game items and NFTs in the marketplace, and win as a reward during competitions and quests.

The token launched via IDO on DAO Maker on 2 February 2021.

My Neighbor Alice was created by the Swedish game studio Antler Interactive. Prior to the launch of My Neighbor Alice, Antler gained recognition as the development firm behind popular virtual reality (VR) games SVRVIVE: The Dues Helix, and Kartong – Death by Cardboard.

Lenny Pettersson (CEO) & Oliwer Svensson (Game Director) are the primary Active Participants.

Risks of ALICE

Like an investment in other crypto assets, there are some general risks to investing in ALICE. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in ALICE is subject to the following specific risks:

• Any potential success associated with ALICE is dependent on its rate of adoption by users. Investors should be aware that a number of competing blockchain gaming projects have entered the field since 2021.
• Any potential success associated with ALICE is dependent on a number of external factors, such as the growth and increased adoption of the metaverse economy, and the continued popularity of NFTs as digital collectibles.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with ALICE. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The ALICE community and Antler Interactive are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of ALICE have no recourse to the ALICE community, Antler Interactive or Uphold if ALICE declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing ALICE on the Uphold Platform, Uphold performed due diligence on ALICE and determined that ALICE is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

• The creation, governance, usage, and design of ALICE, including ensuring the source code being open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
• The supply, demand, maturity, utility, and liquidity of ALICE.
• Marketing materials put forward by the ALICE social team including, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
• Material technical risks associated with ALICE, including any code defects, security breaches and other threats concerning ALICE and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
• Legal and regulatory risks associated with ALICE, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of ALICE. 

General

Uphold has prepared this Crypto Asset Statement based on publicly available information. Although Uphold has taken steps to obtain information from apparently reliable sources, information contained in this Crypto Asset Statement may be inaccurate, incomplete or out-of-date. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.

Uphold users should read the Risks Specific To Holding Digital Assets statement for additional discussion of general risks associated with crypto assets made available through the Uphold platform.  

Canadian residents, please note that Uphold has filed an application for registration in certain Canadian jurisdictions but has not yet obtained registration. Until such time as Uphold obtains registration, Uphold has agreed to abide by the terms of an undertaking available at the following link. Please also review the Uphold Canada – Crypto Risk Statement for additional discussion of general risks associated with the crypto assets made available through Uphold Platform. Please be aware that statutory rights of action for damages or rescission in section 130.1 of the Securities Act (Ontario) and, if applicable, similar statutory rights under securities legislation in the other provinces and territories of Canada do not apply in respect of this Crypto Asset Statement or other disclosures on the Uphold website and Risks Specific To Holding Digital Assets statement. 

Last updated on June 12, 2023.