SLP
Smooth Love Potion(SLP):
Smooth Love Potion (SLP) is an ERC-20 token and in-game cash for the popular blockchain game Axie Infinity. In addition to the governance token AXS, it serves as an incentive token for the Axie Infinity ecosystem.Users can obtain them by playing a number of system games, for example. Axie Origin, Axie Classic, and Axie Homeland etc.
Smooth Love Potion (SLP) tokens are available as rewards for Axie Infinity players in battle or adventure mode. SLPs are tokens that can be used to breed new digital pets known as Axies. It was formerly known as Small Love Potion before being converted to the Ronin blockchain.
Breeding begins around 100 SLP and increases from there. For example, the second breed is 200 SLP, the third 300 SLP, the fourth 500 SLP, the fifth 800 SLP, and the sixth 1,300 SLP. Axies can only breed once every seven years; the seventh bred costs 2,100 SLP. The goal of this cap is to prevent hyperinflation.In addition to SLP, players can use AXS, Axie Infinity's governance token, to influence the game's future direction.
Earning and Limit:-
Playing the Axie Infinity game, winning battles, and completing daily assignments will earn you SLP. To begin playing, you must first purchase some Axies from the marketplace, which are animals that can be sent to attack other players in the game. Axies can also be obtained through some interest groups, who provide them as a loan disguised as a scholarship. The organization that lends out the Axies and scholarship holders split the SLP earned from the game.
The amount of SLP earned by players depends on their skill level and energy reserves. As of the most recent update, users can only earn SLP by defeating other players in arena mode. Players will no longer obtain new token supply in P2E mode.
You can learn more about it at the Axie Infinity or website [1].
Tokenomics:
Smooth love potion supply is unlimited and inflationary. Users earn several thousand SLP per day by playing various games. As of May 2024, around 43 billion SLP were in circulation, with an MC worth more than $150 million.
The highest price paid for Smooth Love Potion (SLP) is $0.3997, recorded on July 13, 2021. The current price is 99.02% lower than the all-time high price, and the lowest price paid for Smooth Love Potion (SLP) was $0.001308, which occurred on September 11, 2023.