In the Axie Infinity metaverse game, Smooth Love Potion (SLP) is a sort of digital money. It enables players to breed Axies, the game’s collectible digital critters. The popularity of SLP tokens has grown to the point where they people trade on cryptocurrency exchanges.
We look at SLP’s position in the Axie Infinity game, as well as what it signifies for the entire crypto ecosystem, in this post.
In addition, the blockchain revolution has opened up a whole new world of possibilities that have limits only according to human imagination. Blockchain applications are continually evolving. They are quickly finding traction across a variety of social media platforms, including the gaming industry. Many gaming sites choose to promote major crypto-assets like BTC, ETH, or ADA as promoters. Others ma
In this visible world, the Axie is a digital animal that can collect, nurse, school, and eventually utilize in combat. Make every effort to develop their own native tokens.
History of SLP and Axie Infinity
Axie Infinity is a blockchain-based game that aids in the development of SLP strength. Characters in animated films are given distinct qualities that indicate their availability and combat prowess. Furthermore, the Ethereum blockchain can store all of the company’s genetic data.
To duplicate Axie, we’ll need a particular amount of tokens , which is specified by the parent type computation. The breeding fee was XPs before December 19, 2019. However, after the Alpha release, it began to have anew purpose, allowing a newer entrant to perform similar tasks.
Who are the creators of SLP?
Trung Nguyen, the company’s CEO, left his work as a software developer in the United States to concentrate on the project. Because many gamers do not have large assets in well-known games, according to Nguyen, blockchain’s gaming potential is mostly dependent on the blockchain that it operates on. According to blockchain players, the Ethereum platform allows us to develop a “dream game.”
So, he breeding technique, he claims, was for people who had already played collectible games like CryptoKitties.
What is Smooth Love Potion (SLP)?
To address this demand, the ERC-20 token Smooth Love Potion, originally is famous as Small Love Potion. Smooth Love Potion (SLP) is a game token invented by Axie Edge.
The cryptocurrency is based on the Ethereum network, and its inclusion in the Uniswap liquidity pool has allowed it to gain traction in the gaming and DeFi industries. Even though it is not a difficult gaming token, it is used for intriguing reasons. SLP may be traded on both decentralized exchanges (DEXs) like Uniswap and controlled exchanges like Zipmex.
Use Cases of SLP
The following capabilities, which people have developed to ensure a flawless gaming experience on Axie Infinity, are available to SLP users:
- In the game, you can breed Axies up to seven times.
- Incentives are available to users who have reached particular levels.
- You may purchase and sell products on Uniswap.
What makes SLP special?
SLP is video game money, and CEO Nguyen has decided to make the coin useable in Super Mario 64. Axies is different from other fungible tokens, according to Nguyen.
It is a one-of-a-kind token that people trade on the Zipmex Exchange and belongs to the top gaming tokens.
How does SLP work?
To correctly breed an Axie, a certain amount of potions we need to consume, as previously indicated. The cost of each breeding is influenced by the breed counts of both parents. The math says that if a parent’s breed count is high, more potions are required to breed them.
Breeding permissibility has seven stages։
- The first level uses around 100 SLP
- The second 200 SLP
- The third 300 SLP
- The fourth 500 SLP
- The fifth 800 SLP
- The sixth 1,300 SLP
- The seventh 2,100 SLP
Let’s look at how the arithmetic for calculating the amount of essential potions for a breed works, according to the given charts.
How to Earn SLP?
The most popular way to earn potions is to win a game in Axie Infinity and receive them as a prize. However, because you may need to win up to 15 competitions before you can perform your first breed, this can take a long time. Thus, to get a head start and earn more SLP, you can buy a boatload of SLP from Zipmex and other exchangers.
Is SLP in Demand?
Demand for SLP is increasing every day as Axie Infinity reaches new all-time highs. Axie Infinity’s buzz is at an all-time high right now, alongside the anticipated hype of Blockchain-based games. The Nextperience Group, which owns Bakebe, maintains a varied portfolio of creative enterprises that cater to everything from children’s birthday celebrations to team-building exercises.
In mid-July, it began accepting Smooth Love Potion (SLP), an Ethereum-based utility token, as payment. It has completed 50 online bookings since then, generating a total income of PHP 150,000 ($2,980).
Nikko Que, co-founder and CEO of Axie Infinity, feels that if Manila (a popular city in the Philippines) wasn’t under lockdown at the end of July, the company would have closed many more deals. You don’t have to shop there.
A quick social media search in the Philippines turns up a flurry of adverts for SLP-enabled purchases. The idea of an obscure and very volatile in-game reward token being widely recognized and used for payments would infuriate bitcoin detractors. The International Monetary Fund has criticized El Salvador’s plan to embrace bitcoin as legal tender.
However, the “suitability” of any tender is highly subjective, and volatility is a good problem to have in the developing world, since many countries are still feeling the effects of COVID-19’s economic impact. SLP’s worth isn’t much of a consolation prize if you’re not in the business of generating Axies. It does help to underscore the genuineness of this community and the genuine, organic demand for the token. For these next-generation customers, SLP is the elixir of communal growth, demonstrating that the concept of money is malleable and value is in the eye of the (be)holder.