07/22/2024
BTC67,450.0
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Smooth Love Potion (SLP) Price

SLP
4,6
$0.00301995
Market cap
124,811,643.0
Total volume
10,046,815
Circulating supply
41,369,158,816
Total supply
0
Smooth Love Potion

About Smooth Love Potion

Smooth Love Potion (SLP) is the in-game currency of the play-to-earn blockchain game, Axie Infinity. Developed by Sky Mavis in 2017, Axie Infinity combines elements of Pokemon-inspired mechanics, where players can collect, breed, and battle using unique digital pets called Axies. These Axies, represented by non-fungible tokens (NFTs), immerse players in a metaverse where they can engage in battles against monstrous adversaries. 

Axie Infinity has a multi-token economy. While SLP serves as the currency for in-game rewards and specific interactions with Axies, Axie Infinity Shards (AXS) operate as a governance token within the ecosystem. Both SLP and AXS are built on the ERC-20 token standard, meaning they can be traded on various cryptocurrency exchanges.

Breeding Axies is an integral part of gameplay. To do so, players utilize SLP tokens. The breeding cost starts at 100 SLP and incrementally rises: 200 SLP for the second breed, 300 for the third, and so on, capping at 2,100 SLP for the seventh breed. Axies have a breeding limit of seven times, a restriction established to avert hyperinflation within the game's marketplace.

Источник @ Axie Infinity

How to Earn SPL

Earning SLP within Axie Infinity requires effort and strategy. For instance, a player might need to emerge victorious in 15 competitions to accumulate enough tokens for their inaugural breed. Alternatively, those looking for a faster approach can purchase SLP on the open market.

Before the advent of Season 20, players could accumulate SLP through multiple channels: by fulfilling daily quests, engaging in Arena mode, and exploring the Adventure mode. However, as the game evolved, the Arena mode emerged as the sole way to earn SLP, where players compete against fellow players. 

Beyond battling and breeding, the game offers other ways for players to use SLP. Engaging in the marketplace by selling items or purchasing in-game items, participating in governance proposals, and voting. Moreover, staking SLP offers two-fold benefits: players can earn "likes" to boost the game's social features and gain a voice in voting on governance proposals.

SPL Tokenomics 

The SLP token was introduced without a traditional presale. Instead of an initial supply allocation, Axie Infinity opted for a unique approach where tokens were awarded to players for reaching specific in-game milestones.

SLP tokens are inherently inflationary, with the rate of increase hinging on in-game activity. The total supply of SLP doesn't have a fixed ceiling. It remains in perpetual motion due to the consistent generation of tokens from gameplay and their subsequent burning during the Axie breeding process. 

Smooth Love Potion Price 

The current price of SLP is  $0,001449 USD with market cap of $60 205 212 USD. It has a circulating supply of 41 542 989 932 SLP. 

In terms of market performance, the Smooth Love Potion price reached an all-time high of $0.3642 on May 1, 2021, only to plummet nearly 75% shortly after. A subsequent peak in mid-July saw values touch $0.3462, but a descending trend has been observed since. This price behavior underscores the dynamic nature of SLP in both the gaming and cryptocurrency worlds.

What is Axie Infinity 

Axie Infinity is blockchain-based online game developed by the Vietnamese studio, Sky Mavis, operates within a unique universe where players interact with creatures reminiscent of Pokemon, known as Axies. Drawing inspiration from Nintendo's iconic Pokémon series, the game has carved a name for itself in the digital space, largely due to its in-game economy driven by NFTs (non-fungible tokens) and a marketplace.

Trung Nguyen, the visionary behind Axie Infinity and its in-game currency, Smooth Love Potion, laid down his role as a software developer in the U.S. in 2017 to pour his energy into this venture. By the subsequent year, with the collaboration of his colleagues, he established Sky Mavis, the overarching company for Axie Infinity.

The game is build on the Ethereum blockchain and leverages a sidechain named Ronin to reduce fees and transaction times. 

FAQ

What is SLP in Crypto?

SLP stands for Smooth Love Potion, a cryptocurrency token used within the Axie Infinity game on the Ethereum blockchain.

Is SLP coin a good investment?

Investment decisions vary based on individual goals and risk tolerance. 

Is SLP a dead coin?

SLP is still actively used within the Axie Infinity game ecosystem and has a market capitalization of 60 million 

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